GLOBAL FOODS TRADING LTD

Company Registration Number:
08946627 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

GLOBAL FOODS TRADING LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

GLOBAL FOODS TRADING LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 22,696 30,262
Total fixed assets: 22,696 30,262
Current assets
Stocks: 1,425,030 1,635,649
Debtors:   2,022,868 2,044,093
Cash at bank and in hand: 305,658 109,352
Total current assets: 3,753,556 3,789,094
Creditors: amounts falling due within one year: 4 (4,467,517) (4,119,955)
Net current assets (liabilities): (713,961) (330,861)
Total assets less current liabilities: (691,265) (300,599)
Total net assets (liabilities): (691,265) (300,599)
Capital and reserves
Called up share capital: 25,000 25,000
Profit and loss account: (716,265) (325,599)
Shareholders funds: (691,265) (300,599)

The notes form part of these financial statements

GLOBAL FOODS TRADING LTD

Balance sheet statements

For the year ending 31 December 2023 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 30 September 2024
and signed on behalf of the board by:

Name: Parul Saigal
Status: Director

The notes form part of these financial statements

GLOBAL FOODS TRADING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

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 FOODS TRADING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 6 5

GLOBAL FOODS TRADING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 52,027
At 31 December 2023 52,027
Depreciation
At 01 January 2023 21,765
Charge for year 7,566
At 31 December 2023 29,331
Net book value
At 31 December 2023 22,696
At 31 December 2022 30,262

GLOBAL FOODS TRADING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

The shareholder Global Foods Trading GmbH has agreed that its loan to the company will not be repaid until all other creditors have been paid in full

GLOBAL FOODS TRADING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Related party transactions

Name of the related party: Holding company and associated companies
Relationship:
Balance due to holding company £2,907,581
Description of the Transaction: Balance due to holding company £2,907,581 relating to purchases £846,841 due to associated companies for purchases
£
Balance at 01 January 2023 3,108,317
Balance at 31 December 2023 3,754,422