GLOFEST INTERNATIONAL LTD - Accounts

GLOFEST INTERNATIONAL LTD - Company Information

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Registered Number: 12280793

GLOFEST INTERNATIONAL LTD

Abridged Accounts

Period of accounts

Start date: 01 November 2020

End date: 31 October 2021

GLOFEST INTERNATIONAL LTD
Contents Page
For the year ended 31 October 2021

Accountants' report	1
Statement of financial position	2
Notes to the financial statements	3

GLOFEST INTERNATIONAL LTD Accountants' Report For the year ended 31 October 2021
Accountant’s report You consider that the company is exempt from an audit for the year ended 31 October 2021 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. MAG ACCOUNTANTS LIMITED 31 October 2021 .................................................... MAG ACCOUNTANTS LIMITED 4-York House, Langston Road Loughton IG10 3TQ 18 July 2022 1

GLOFEST INTERNATIONAL LTD
Accountants' Report
For the year ended 31 October 2021

Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 October 2021 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
MAG ACCOUNTANTS LIMITED
31 October 2021

....................................................
MAG ACCOUNTANTS LIMITED
4-York House,
Langston Road
Loughton
IG10 3TQ
18 July 2022

GLOFEST INTERNATIONAL LTD
Statement of Financial Position
As at 31 October 2021

	2021 £	2020 £
Current assets
Cash at bank and in hand	(15)	195
Creditors: amount falling due within one year	(647)	(503)
Net current liabilities	(662)	(308)

Total assets less current liabilities	(662)	(308)
Net liabilities	(662)	(308)

Capital and reserves
Called up share capital	2	2
Profit and loss account	(664)	(310)
Shareholder's funds	(662)	(308)

For the year ended 31 October 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.

These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 18 July 2022 and were signed on its behalf by:

--------------------------------
Mr Ayodele Ezekiel OYERINDE
Director

GLOFEST INTERNATIONAL LTD
Notes to the Abridged Financial Statements
For the year ended 31 October 2021

General Information

GLOFEST INTERNATIONAL LTD is a private company, limited by shares, registered in , registration number 12280793, registration address 75 Brookdale Road, London, , E17 6QH

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.	Average number of employees Average number of employees during the year was 1 (2020 : 1).

Share Capital

Authorised
2 Class A shares of £1.00 each

Allotted, called up and fully paid	2021 £		2020 £
2 Class A shares of £1.00 each	2		2
	2		2