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REGISTERED NUMBER: 12367189 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

SM GLOBAL TRADERS LIMITED

SM GLOBAL TRADERS LIMITED (REGISTERED NUMBER: 12367189)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SM GLOBAL TRADERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: S A Butt
T Sharjeel





REGISTERED OFFICE: 169 Radcliffe Road
Bolton
United Kingdom
BL2 1NZ





REGISTERED NUMBER: 12367189 (England and Wales)





ACCOUNTANTS: Aztax Advisors
Chartered Certified Accountants
859A High Road
Ilford
Essex
IG3 8TG

SM GLOBAL TRADERS LIMITED (REGISTERED NUMBER: 12367189)

BALANCE SHEET
31 DECEMBER 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 650 866

CURRENT ASSETS
Stocks 40,060 7,749
Debtors 5 15,878 69,841
Cash at bank and in hand 5,532 11,090
61,470 88,680
CREDITORS
Amounts falling due within one year 6 27,340 44,613
NET CURRENT ASSETS 34,130 44,067
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,780

44,933

CREDITORS
Amounts falling due after more than one
year

7

26,288

37,288
NET ASSETS 8,492 7,645

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 8,392 7,545
SHAREHOLDERS' FUNDS 8,492 7,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SM GLOBAL TRADERS LIMITED (REGISTERED NUMBER: 12367189)

BALANCE SHEET - continued
31 DECEMBER 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by:





S A Butt - Director


SM GLOBAL TRADERS LIMITED (REGISTERED NUMBER: 12367189)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

Sm Global Traders Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

SM GLOBAL TRADERS LIMITED (REGISTERED NUMBER: 12367189)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2022
and 31 December 2022 1,540
DEPRECIATION
At 1 January 2022 674
Charge for year 216
At 31 December 2022 890
NET BOOK VALUE
At 31 December 2022 650
At 31 December 2021 866

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 13,000 54,955
Other debtors 2,878 14,886
15,878 69,841

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 11,757 12,415
Trade creditors 7,000 28,332
Taxation and social security 1,274 1,810
Other creditors 7,309 2,056
27,340 44,613

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loans 26,288 37,288

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
100 Ordinary 1 100 100