Company Registration No. 06611133 (England and Wales)
Global Textile Holdings Limited
Unaudited accounts
for the year ended 30 June 2021
Global Textile Holdings Limited
Unaudited accounts
Contents
Global Textile Holdings Limited
Company Information
for the year ended 30 June 2021
Company Number
06611133 (England and Wales)
Registered Office
The Courtyard
30 Worthing Road
Horsham
West Sussex
RH12 1SL
Accountants
Richard Matthew Accountancy Ltd
The Courtyard
30 Worthing Road
Horsham
West Sussex
RH12 1SL
Global Textile Holdings Limited
Statement of financial position
as at
30 June 2021
Tangible assets
36,175
3,077
Cash at bank and in hand
152,447
83,243
Creditors: amounts falling due within one year
(30,207)
(5,488)
Net current assets
189,628
164,276
Total assets less current liabilities
225,803
167,353
Creditors: amounts falling due after more than one year
(50,000)
-
Net assets
175,803
167,353
Called up share capital
1,000
1,000
Profit and loss account
174,803
166,353
Shareholders' funds
175,803
167,353
For the year ending 30 June 2021 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 22 March 2022 and were signed on its behalf by
W M A Francus
Director
Company Registration No. 06611133
Global Textile Holdings Limited
Notes to the Accounts
for the year ended 30 June 2021
Global Textile Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 06611133. The registered office is The Courtyard, 30 Worthing Road, Horsham, West Sussex, RH12 1SL.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2020
14,000
-
3,864
17,864
Additions
-
45,743
-
45,743
At 30 June 2021
14,000
45,743
3,864
63,607
At 1 July 2020
11,509
-
3,278
14,787
Charge for the year
623
11,436
586
12,645
At 30 June 2021
12,132
11,436
3,864
27,432
At 30 June 2021
1,868
34,307
-
36,175
At 30 June 2020
2,491
-
586
3,077
5
Debtors: amounts falling due within one year
2021
2020
Other debtors
67,388
86,521
Global Textile Holdings Limited
Notes to the Accounts
for the year ended 30 June 2021
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
10,713
2,472
Loans from directors
12,214
166
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 1 (2020: 1).