Registered number 06721219 GLOBAL WELFARE LIMITED Report and Accounts 31 October 2023 GLOBAL WELFARE LIMITED Company Informatlon Directors Shajahan Miah Abdul Monim Khan Accountants Miah & Co ( London ) Ltd 16 A Well Hall Road Eltham London SE9 6SP Bankers Hsbc Registered offlce 114 Salmon lane London E14 7PQ Registsred number 06721219 Charity number 1134633 GLOBAL WELFARE LIMITED Registered number: Director5, Report 06721219 The directors present their report and accounts for the year ended 31 October 2023. PrinGlpal activities The company's principal activity during the year continued to be charitsble orrJanization. Dlrectors The following persons served as directors during the year: Shajahan Miah Abdul Monim Khan Small company provlslons This report has been prepared in accordan￿ with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. This report was approv8d by the board on 05.05.2024 and signed on its behalf. Shajahan Miah Director GLOBAL WELFARE LIMITED Accountants, Report Accountsnts, report to the directors of GLOBAL WELFARE LIMITED You consider that the company is exempt from an audit for the year ended 31 October 2023. 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 accordan￿ with your instructions, we have prepared the accounts which comprise the Profit and Loss Accoun( tho Balance Sheet and the related notes from the accountlng records of the company and on the basis of information and explanations you have given to us. We have not carried out an audtt or any other review, and consequently we do not express any opinion on these accounts. Miah & Co ( London ) Ltd Accountants 16 A Well Hall Road Eltham London SE9 6SP 05.05.24 GLOBAL WELFARE LIMITED Receipts and payments accounts for the year ended 31 October 2023 Notes 2023 2022 Donations 28,058 33,278 Donation to charities (19,350) (36,500) Surplus 8,708 (3,222) Administrative expenses (758) (747) Surplusl(loss) 7,950 (3,969) Surplus1(loss) on ordlnary actlvltles before tsxatlon 7,950 (3,969) Tax on profft/(loss) on ordinary activiti85 Surplusl(loss) for the flnanclal yaar 7,950 3,969 GLOBAL WELFARE LIMITED Balance Sheet I as at 31 October 2023 Notes 2023 2022 Fixed assets Tangible assets 200 200 Current assets Cash at bank and in hand 16,396 7,966 Credltors: amounts falllng due wfthin one year (920) (440) Net current assets, 15,476 7,526 Net assets 15,676 7,726 Capltal and reserves Receipts and payments accounts 15,676 7.726 Charlty's funds 15,676 7,726 The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The member has not required the company to obtAin an audit in accordance wrth section 476 of the ACL 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. The accounts have been p￿Pared in accordance witti the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. Shajahan Miah Director Approved by the board on 05.05.2024 GLOBAL WELFARE LIMITED Notas to the Accounts for the year ended 31 October 2023 1 AGcounting policies Basis of preparation The accounts have been prepared under the historiGal Gust convention and in accordance with the Financial Reporting Standard for Smaller Entits'es (effective April 2008). Turnover Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. Depreciation Depreciation has been provided at the followlng rates in order to write off the assets over their estimated useful lives. Plant and machinery 0 /0 straight line stocks Stock is valued at the lower of cost and net realisable value. Deferred taxatlon Full provision is made for deferred taxation resulting from timing dIfferen￿S be￿een the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred tsxation is calculatsd on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. Forelgn currencie5 Transactions in forEign cur￿nCle5 are recordèd at the rate ruling at the date of the transaction. Monetsry assets and liabilltlas denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet dats. All differences are taken to the profit and loss account Leasing and hire pU￿hase commltments Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balan￿ sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital r8payments outstsnding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term. Pensions The company operates a defined contribution pension Scheme. Contributions are charged to the profil and loss aGGount as they become payable in accordance with tha rules of the schame. GLOBAL WELFARE LIMITED Notes to the Accounts for the year ended 31 October 2023 2 Operatingprofit I 2023 2022 This is stated after charging: Depreciation of owned fixed assets 30 3 Tanglble fixed assets Plant and machinery etG Cost At 1 November 2022 At 31 October 2023 1,000 1.000 Depreciatlon At 1 November 2022 At 31 October 2023 800 Net book value At 31 October 2023 200 At 31 October 2022 200 4 Credltors- amounts falling due wlthln one year 2023 2022 Other creditors 920 440 6 Proflt and loss account 2023 At 1 November 2022 Profit for the year 7,726 7,950 At 31 October 2023 15,676 GLOBAL WELFARE LIMITED Receipts and payments accounts for the year ended 31 October 2023 2023 2022 Receipts 28,058 33,278 Donations to charities (19,350) (36,500) Gr055 profitl(loss) 8,708 (3,222) Administrative expenses (758) (747) Surplusl(Loss) 7,950 (3,969) surplusl(loss) before tax GLOBAL WELFARE LIMITED Detailed recelpts and payments account for the year ended 31 October 2023 2023 2022 Income Donations 28,058 33,278 Cost of sales Donations to charities I 19,350 36,500 Adminlstratlve expenses General administrative expenses: Bank charges Depreciation 278 327 30 357 278 Legal and professional costs: Accountancy fees 480 480 3go 390 758 747