GLOBAL FOODS SOT LIMITED

Company Registration Number:
10554721 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2023

Period of accounts

Start date: 1 February 2022

End date: 31 January 2023

GLOBAL FOODS SOT LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

GLOBAL FOODS SOT LIMITED

Directors' report period ended 31 January 2023

The directors present their report with the financial statements of the company for the period ended 31 January 2023

Principal activities of the company

Retail sale of fruit and vegetables in specialised stores & Retail sale of meat and meat products in specialised stores



Directors

The director shown below has held office during the whole of the period from
1 February 2022 to 31 January 2023

Mohammed Shakeel


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
27 October 2023

And signed on behalf of the board by:
Name: Mohammed Shakeel
Status: Director

GLOBAL FOODS SOT LIMITED

Profit And Loss Account

for the Period Ended 31 January 2023

2023 2022


£

£
Turnover: 1,752,659 1,652,758
Cost of sales: ( 1,457,378 ) ( 1,529,980 )
Gross profit(or loss): 295,281 122,778
Administrative expenses: ( 345,210 ) ( 188,927 )
Operating profit(or loss): (49,929) (66,149)
Profit(or loss) before tax: (49,929) (66,149)
Profit(or loss) for the financial year: (49,929) (66,149)

GLOBAL FOODS SOT LIMITED

Balance sheet

As at 31 January 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 9,400 11,464
Total fixed assets: 9,400 11,464
Current assets
Stocks: 4 65,591 110,150
Debtors: 5 54,650 29,250
Cash at bank and in hand: 21,521 5,482
Total current assets: 141,762 144,882
Creditors: amounts falling due within one year: 6 ( 295,741 ) ( 279,611 )
Net current assets (liabilities): (153,979) (134,729)
Total assets less current liabilities: (144,579) ( 123,265)
Creditors: amounts falling due after more than one year: 7 ( 168,696 ) ( 140,081 )
Total net assets (liabilities): (313,275) (263,346)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (313,375 ) (263,446 )
Total Shareholders' funds: ( 313,275 ) (263,346)

The notes form part of these financial statements

GLOBAL FOODS SOT LIMITED

Balance sheet statements

For the year ending 31 January 2023 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 27 October 2023
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 2023

  • 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

    Tangible fixed assets depreciation policy

    Depreciation has been charged on reducing balace methode at 18%

GLOBAL FOODS SOT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 10 12

GLOBAL FOODS SOT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2022 25,000 1,000 5,000 31,000
Additions
Disposals
Revaluations
Transfers
At 31 January 2023 25,000 1,000 5,000 31,000
Depreciation
At 1 February 2022 15,755 631 3,150 19,536
Charge for year 1,664 67 333 2,064
On disposals
Other adjustments
At 31 January 2023 17,419 698 3,483 21,600
Net book value
At 31 January 2023 7,581 302 1,517 9,400
At 31 January 2022 9,245 369 1,850 11,464

GLOBAL FOODS SOT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Stocks

2023 2022
£ £
Stocks 65,591 110,150
Total 65,591 110,150

GLOBAL FOODS SOT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

5. Debtors

2023 2022
£ £
Trade debtors 54,650 29,250
Total 54,650 29,250

GLOBAL FOODS SOT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 295,741 279,611
Total 295,741 279,611

GLOBAL FOODS SOT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

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

2023 2022
£ £
Other creditors 168,696 140,081
Total 168,696 140,081