GLOBAL FOODS SOT LIMITED

Company Registration Number:
10554721 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2022

Period of accounts

Start date: 1 February 2021

End date: 31 January 2022

GLOBAL FOODS SOT LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2022

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

GLOBAL FOODS SOT LIMITED

Profit And Loss Account

for the Period Ended 31 January 2022

2022 2021


£

£
Turnover: 1,652,758 1,870,994
Cost of sales: ( 1,529,980 ) ( 1,752,930 )
Gross profit(or loss): 122,778 118,064
Administrative expenses: ( 188,927 ) ( 207,596 )
Operating profit(or loss): (66,149) (89,532)
Profit(or loss) before tax: (66,149) (89,532)
Profit(or loss) for the financial year: (66,149) (89,532)

GLOBAL FOODS SOT LIMITED

Balance sheet

As at 31 January 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 11,464 13,981
Total fixed assets: 11,464 13,981
Current assets
Stocks: 4 110,150 91,500
Debtors: 5 29,250 42,940
Cash at bank and in hand: 5,482 4,548
Total current assets: 144,882 138,988
Creditors: amounts falling due within one year: 6 ( 279,611 ) ( 230,196 )
Net current assets (liabilities): (134,729) (91,208)
Total assets less current liabilities: (123,265) ( 77,227)
Creditors: amounts falling due after more than one year: 7 ( 140,081 ) ( 120,000 )
Total net assets (liabilities): (263,346) (197,227)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (263,446 ) (197,327 )
Total Shareholders' funds: ( 263,346 ) (197,227)

The notes form part of these financial statements

GLOBAL FOODS SOT LIMITED

Balance sheet statements

For the year ending 31 January 2022 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 14 September 2022
and signed on behalf of the board by:

Name: MOHAMMED SHAKEEL
Status: Director

The notes form part of these financial statements

GLOBAL FOODS SOT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GLOBAL FOODS SOT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 12 15

GLOBAL FOODS SOT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2021 25,000 1,000 5,000 31,000
Additions
Disposals
Revaluations
Transfers
At 31 January 2022 25,000 1,000 5,000 31,000
Depreciation
At 1 February 2021 13,725 549 2,745 17,019
Charge for year 2,030 82 405 2,517
On disposals
Other adjustments
At 31 January 2022 15,755 631 3,150 19,536
Net book value
At 31 January 2022 9,245 369 1,850 11,464
At 31 January 2021 11,275 451 2,255 13,981

GLOBAL FOODS SOT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2022

4. Stocks

2022 2021
£ £
Stocks 110,150 91,500
Total 110,150 91,500

GLOBAL FOODS SOT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2022

5. Debtors

2022 2021
£ £
Trade debtors 29,250 42,940
Total 29,250 42,940

GLOBAL FOODS SOT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2022

6. Creditors: amounts falling due within one year note

2022 2021
£ £
Trade creditors 279,611 230,196
Total 279,611 230,196

GLOBAL FOODS SOT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2022

7. Creditors: amounts falling due after more than one year note

2022 2021
£ £
Bank loans and overdrafts 45,827 50,000
Other creditors 94,254 70,000
Total 140,081 120,000