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Registered Number: 13336492


 

 

 

ALLIED GLOBAL TRADERS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 May 2023

End date: 30 April 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 871    425 
871    425 
Current assets      
Stocks 148,550    9,500 
Debtors 13,032   
Cash at bank and in hand 912    9,718 
162,494    19,218 
Creditors: amount falling due within one year (148,604)   (15,563)
Net current assets 13,890    3,655 
 
Total assets less current liabilities 14,761    4,080 
Net assets 14,761    4,080 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 14,760    4,079 
Shareholders' funds 14,761    4,080 
 


For the accounting year the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 01 October 2024 and were signed by:


-------------------------------
Syed Hussain Raza BUKHARI
Director
1
General Information
ALLIED GLOBAL TRADERS LIMITED is a private company, limited by shares, registered in , registration number 13336492, registration address 140 THE MALL, LUTON , LU1 2TJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 15% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Staff Costs

2024
£
  2023
£
Wages and salaries 104,622   
Pension costs, defined contribution plan 117   
104,739   
 
Average number of employees during the year Number   Number
Administration 2   
Production 1   
Research and development 2   
Sales 1   
Marketing 2   
 

3.

Average number of employees

Average number of employees during the year was 8 (2023 : 0).
4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 May 2023 1,100    1,100 
Additions  
Disposals  
At 30 April 2024 1,100    1,100 
Depreciation
At 01 May 2023 75    75 
Charge for year 154    154 
On disposals  
At 30 April 2024 229    229 
Net book values
Closing balance as at 30 April 2024 871    871 
Opening balance as at 01 May 2023 425    425 


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