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REGISTERED NUMBER: 04096414 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

GLOBAL FOODS (BIRMINGHAM) LIMITED

GLOBAL FOODS (BIRMINGHAM) LIMITED (REGISTERED NUMBER: 04096414)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


GLOBAL FOODS (BIRMINGHAM) LIMITED (REGISTERED NUMBER: 04096414)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 28,030 -
Tangible assets 5 68,257 75,018
96,287 75,018

CURRENT ASSETS
Stocks 56,705 60,066
Debtors 6 984,785 1,120,787
Investments 7 19,998 14,999
Cash at bank and in hand 188,420 163,428
1,249,908 1,359,280
CREDITORS
Amounts falling due within one year 8 427,116 528,914
NET CURRENT ASSETS 822,792 830,366
TOTAL ASSETS LESS CURRENT
LIABILITIES

919,079

905,384

PROVISIONS FOR LIABILITIES 12,969 14,196
NET ASSETS 906,110 891,188

CAPITAL AND RESERVES
Called up share capital 2,476 2,476
Share premium 112,684 112,684
Retained earnings 790,950 776,028
SHAREHOLDERS' FUNDS 906,110 891,188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

GLOBAL FOODS (BIRMINGHAM) LIMITED (REGISTERED NUMBER: 04096414)

Balance Sheet - continued
31 March 2023


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 15 December 2023 and were signed on its behalf by:





Harbinder Singh Dulay - Director


GLOBAL FOODS (BIRMINGHAM) LIMITED (REGISTERED NUMBER: 04096414)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Global Foods (Birmingham) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04096414

Registered office: 6-8 Abbey Road
Smethwick
Warley
West Midlands
B67 5RD

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intangible unlisted assets are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

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.


GLOBAL FOODS (BIRMINGHAM) LIMITED (REGISTERED NUMBER: 04096414)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 28,030
At 31 March 2023 28,030
NET BOOK VALUE
At 31 March 2023 28,030

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 285,551
Additions 37,132
Disposals (31,700 )
At 31 March 2023 290,983
DEPRECIATION
At 1 April 2022 210,533
Charge for year 12,193
At 31 March 2023 222,726
NET BOOK VALUE
At 31 March 2023 68,257
At 31 March 2022 75,018

GLOBAL FOODS (BIRMINGHAM) LIMITED (REGISTERED NUMBER: 04096414)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,503 13,588
Other debtors 983,282 1,107,199
984,785 1,120,787

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 19,998 14,999

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 78,284 74,306
Taxation and social security 11,690 26,639
Other creditors 337,142 427,969
427,116 528,914

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Harbinder Singh Dulay and Jasbir Dulay
Balance outstanding at start of year (298,427 ) 142,268
Amounts advanced 66,169 242,494
Amounts repaid (25,500 ) (683,189 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (257,758 ) (298,427 )

Dividends issued during the year = £25,500 (£94,000 in 2022)

10. RELATED PARTY DISCLOSURES

The current asset of £433,175 is due from B D Properties (Midlands) Ltd (£493,309 in 2022)

The current asset of £347,883 due from Global Care (Holdings) Ltd (£347,883 in 2022)

The current liability of £49,335 due to Global Care Home (B'Ham) Ltd (£49,335 in 2022)


are related party transaction with no terms