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Company Registration No. 12304653 (England and Wales)
Global Stock Clearance Ltd Unaudited accounts for the year ended 30 November 2023
Global Stock Clearance Ltd Unaudited accounts Contents
Page
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Global Stock Clearance Ltd Company Information for the year ended 30 November 2023
Director
Nikola Mikelova
Company Number
12304653 (England and Wales)
Registered Office
Suite A, 82 James Carter Road Mildenhall Bury St. Edmunds IP28 7DE England
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Global Stock Clearance Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
65,385 
67,899 
Current assets
Inventories
25,377 
18,248 
Debtors
93,585 
95,502 
Cash at bank and in hand
38,008 
24,305 
156,970 
138,055 
Creditors: amounts falling due within one year
(377,637)
(358,624)
Net current liabilities
(220,667)
(220,569)
Net liabilities
(155,282)
(152,670)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(155,283)
(152,671)
Shareholders' funds
(155,282)
(152,670)
For the year ending 30 November 2023 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 December 2023 and were signed on its behalf by
Nikola Mikelova Director Company Registration No. 12304653
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Global Stock Clearance Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Global Stock Clearance Ltd is a private company, limited by shares, registered in England and Wales, registration number 12304653. The registered office is Suite A, 82 James Carter Road, Mildenhall, Bury St. Edmunds, IP28 7DE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 December 2022
75,441 
At 30 November 2023
75,441 
Depreciation
At 1 December 2022
7,542 
Charge for the year
2,514 
At 30 November 2023
10,056 
Net book value
At 30 November 2023
65,385 
At 30 November 2022
67,899 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
93,585 
95,502 
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Global Stock Clearance Ltd Notes to the Accounts for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
37,247 
37,229 
Trade creditors
195,172 
160,291 
Taxes and social security
25,940 
26,602 
Other creditors
48,258 
43,925 
Loans from directors
35,760 
55,317 
Accruals
35,260 
35,260 
377,637 
358,624 
7
Average number of employees
During the year the average number of employees was 8 (2022: 7).
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