GLOBAL BARGAIN LTD

Company Registration Number:
08895134 (England and Wales)

Unaudited abridged accounts for the year ended 29 February 2024

Period of accounts

Start date: 01 March 2023

End date: 29 February 2024

GLOBAL BARGAIN LTD

Contents of the Financial Statements

for the Period Ended 29 February 2024

Balance sheet
Notes

GLOBAL BARGAIN LTD

Balance sheet

As at 29 February 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 6,950 6,721
Total fixed assets: 6,950 6,721
Current assets
Stocks: 1,000,375 392,209
Debtors:   311,276 16,257
Cash at bank and in hand: 154,240 93,396
Total current assets: 1,465,891 501,862
Creditors: amounts falling due within one year:   (1,290,189) (375,195)
Net current assets (liabilities): 175,702 126,667
Total assets less current liabilities: 182,652 133,388
Total net assets (liabilities): 182,652 133,388
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 182,552 133,288
Shareholders funds: 182,652 133,388

The notes form part of these financial statements

GLOBAL BARGAIN LTD

Balance sheet statements

For the year ending 29 February 2024 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 02 October 2024
and signed on behalf of the board by:

Name: MR SATPAL SINGH
Status: Director

The notes form part of these financial statements

GLOBAL BARGAIN LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GLOBAL BARGAIN LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

2. Employees

2024 2023
Average number of employees during the period 8 8

GLOBAL BARGAIN LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Tangible Assets

Total
Cost £
At 01 March 2023 12,590
Additions 1,456
At 29 February 2024 14,046
Depreciation
At 01 March 2023 5,869
Charge for year 1,227
At 29 February 2024 7,096
Net book value
At 29 February 2024 6,950
At 28 February 2023 6,721