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Company Registration No. 12383618 (England and Wales)
GLOBAL BUSINESS ASSOCIATES LTD Unaudited accounts for the year ended 31 January 2026
GLOBAL BUSINESS ASSOCIATES LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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GLOBAL BUSINESS ASSOCIATES LTD Company Information for the year ended 31 January 2026
Director
Rahaman Hasan
Company Number
12383618 (England and Wales)
Registered Office
Unit 1, 58 Oakland's Park House Oakland's Park Avenue Ilford Essex IG1 1TG
Accountants
THN Accountants Trinity House, 6 Clements Court, Suite 2, Room 1 Clements Lane Ilford IG1 2QY
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GLOBAL BUSINESS ASSOCIATES LTD Statement of financial position as at 31 January 2026
2026 
2025 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
27,951 
21,521 
Current assets
Debtors
5
1,623,050 
1,021,350 
Cash at bank and in hand
244,745 
45,827 
1,867,795 
1,067,177 
Creditors: amounts falling due within one year
6
(641,902)
(394,212)
Net current assets
1,225,893 
672,965 
Net assets
1,253,844 
694,486 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,253,843 
694,485 
Shareholders' funds
1,253,844 
694,486 
For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 September 2026 and were signed on its behalf by
Rahaman Hasan Director Company Registration No. 12383618
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GLOBAL BUSINESS ASSOCIATES LTD Notes to the Accounts for the year ended 31 January 2026
1
Statutory information
GLOBAL BUSINESS ASSOCIATES LTD is a private company, limited by shares, registered in England and Wales, registration number 12383618. The registered office is Unit 1, 58 Oakland's Park House, Oakland's Park Avenue, Ilford, Essex, IG1 1TG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2025
6,230 
26,815 
33,045 
Additions
1,919 
11,498 
13,417 
At 31 January 2026
8,149 
38,313 
46,462 
Depreciation
At 1 February 2025
2,836 
8,688 
11,524 
Charge for the year
1,062 
5,925 
6,987 
At 31 January 2026
3,898 
14,613 
18,511 
Net book value
At 31 January 2026
4,251 
23,700 
27,951 
At 31 January 2025
3,394 
18,127 
21,521 
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GLOBAL BUSINESS ASSOCIATES LTD Notes to the Accounts for the year ended 31 January 2026
5
Debtors
2026 
2025 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
1,009,877 
Amounts falling due after more than one year
Other debtors
1,623,050 
11,473 
6
Creditors: amounts falling due within one year
2026 
2025 
£ 
£ 
Bank loans and overdrafts
305,902 
- 
VAT
132,571 
159,625 
Taxes and social security
203,429 
223,306 
Other creditors
- 
11,281 
641,902 
394,212 
7
Transactions with related parties
Other debtors amount of £161,1926 falling due after one year on notes 5 (Debtors) are related party transactions, interest is payable on demand.
8
Average number of employees
During the year the average number of employees was 35 (2025: 55).
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