Registered number
11916716
IG Global Trading Ltd
Accounts
31 March 2023
IG Global Trading Ltd
Report and accounts
Contents
Page
Company information 1
Accountants' report 2
Profit and loss account 3
Balance sheet 4
The following pages do not form part of the statutory accounts
Trading profit and loss account and summaries 5 - 6
IG Global Trading Ltd
Company Information
Director
Asvan Enral
Accountants
G C Forest & Co
190 Billet Road
London
E17 5DX
Registered office
190 Billet Road
Walthamstow
London
E17 5DX
Registered number
11916716
IG Global Trading Ltd
Report to the director on the preparation of the unaudited statutory accounts of IG Global Trading Ltd for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of IG Global Trading Ltd for the year ended 31 March 2023 which comprise of the Profit and Loss Account and the Balance Sheet from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
It is your duty to ensure that IG Global Trading Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of IG Global Trading Ltd. You consider that IG Global Trading Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of IG Global Trading Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
G C Forest & Co
Chartered Certified Accountants
190 Billet Road
London
E17 5DX
10 November 2023
IG Global Trading Ltd
Profit and Loss Account
for the year ended 31 March 2023
2023 2022
£ £
Turnover 1,256,954 20,787
Other income 22 (334)
Cost of raw materials and consumables (1,120,133) (2,625)
Gross profit 136,843 17,828
Depreciation and other amounts written off assets (1,774) (312)
Other charges (108,719) (5,114)
Profit before taxation 26,350 12,402
Tax - 3,314
Profit 26,350 15,716
IG Global Trading Ltd
Registered number: 11916716
Balance Sheet
as at 31 March 2023
2023 2022
£ £
Fixed assets 678,532 173,998
Current assets 270,668 90,136
Prepayments and accrued income 12,326 -
282,994 90,136
Creditors: amounts falling due within one year (462,320) (61,466)
Net current (liabilities)/assets (179,326) 28,670
Total assets less current liabilities 499,206 202,668
Creditors: amounts falling due after more than one year (454,766) (175,878)
Accruals and deferred income (2,400) (1,100)
Net assets 42,040 25,690
Capital and reserves 42,040 25,690
Number Number
Average number of employees 0 0
The company is a private company limited by shares and incorporated in England. Its registered office is 190 Billet Road, London, E17 5DX.
The director is 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 with section 476 of the Act.
The director acknowledges his 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 prepared in accordance with the micro entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Asvan Emral
Director
Approved by the board on 10 November 2023
IG Global Trading Ltd
Detailed profit and loss account items
for the year ended 31 March 2023
This schedule does not form part of the statutory accounts
2023 2022
£ £
Sales
Sales 1,256,954 20,787
Other income
Interest receivable 22 (334)
Cost of raw materials and consumables
Purchases 1,120,133 2,625
Depreciation and other amounts written off assets
Depreciation 1,774 312
Other charges
Premises costs:
Light and heat 141 -
Cleaning 103 -
244 -
General administrative expenses:
Postage 355 -
Web Site - 209
Subscriptions 224 -
Bank charges 221 49
Insurance 6,183 -
Equipment expensed 410 -
Leasing of vehicles 11,623 -
Motor expenses 16,877 -
Software 2,639 -
Repairs and maintenance 816 -
Sundry expenses - 117
39,348 375
Legal and professional costs:
Accountancy fees 7,070 3,935
Advertising and PR 1,297 48
Other legal and professional 7,513 -
15,880 3,983
Other
Carriage 83 -
Commissions payable 3,638 -
Rental cars 35,000 -
Interest payable 14,526 756
53,247 756
108,719 5,114
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