GLOBAL FOODS SOT LIMITED

Company Registration Number:
10554721 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

GLOBAL FOODS SOT LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

GLOBAL FOODS SOT LIMITED

Directors' report period ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Principal activities of the company

Retail and wholesale of fruit and vegitables in specified stores including meat products.



Directors

The director shown below has held office during the whole of the period from
1 February 2023 to 31 January 2024

Mohammed Shakeel


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
24 October 2024

And signed on behalf of the board by:
Name: Mohammed Shakeel
Status: Director

GLOBAL FOODS SOT LIMITED

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 1,741,222 1,752,659
Cost of sales: ( 1,444,865 ) ( 1,457,378 )
Gross profit(or loss): 296,357 295,281
Administrative expenses: ( 372,554 ) ( 345,210 )
Operating profit(or loss): (76,197) (49,929)
Profit(or loss) before tax: (76,197) (49,929)
Tax: 0 0
Profit(or loss) for the financial year: (76,197) (49,929)

GLOBAL FOODS SOT LIMITED

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 7,708 9,400
Total fixed assets: 7,708 9,400
Current assets
Stocks: 4 82,950 65,591
Debtors: 5 72,912 54,650
Cash at bank and in hand: 23,626 21,521
Total current assets: 179,488 141,762
Creditors: amounts falling due within one year: 6 ( 324,810 ) ( 295,741 )
Net current assets (liabilities): (145,322) (153,979)
Total assets less current liabilities: (137,614) ( 144,579)
Creditors: amounts falling due after more than one year: 7 ( 251,858 ) ( 168,696 )
Total net assets (liabilities): (389,472) (313,275)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (389,572 ) (313,375 )
Total Shareholders' funds: ( 389,472 ) (313,275)

The notes form part of these financial statements

GLOBAL FOODS SOT LIMITED

Balance sheet statements

For the year ending 31 January 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.

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

This report was approved by the board of directors on 24 October 2024
and signed on behalf of the board by:

Name: Mohammed Shakeel
Status: Director

The notes form part of these financial statements

GLOBAL FOODS SOT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Tangible fixed assets depreciation policy

    Depreciation has been charged on reducing balance methode at 18%

GLOBAL FOODS SOT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 11 10

GLOBAL FOODS SOT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 25,000 1,000 5,000 31,000
Additions
Disposals
Revaluations
Transfers
At 31 January 2024 25,000 1,000 5,000 31,000
Depreciation
At 1 February 2023 17,419 698 3,483 21,600
Charge for year 1,365 54 273 1,692
On disposals
Other adjustments
At 31 January 2024 18,784 752 3,756 23,292
Net book value
At 31 January 2024 6,216 248 1,244 7,708
At 31 January 2023 7,581 302 1,517 9,400

GLOBAL FOODS SOT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Stocks

2024 2023
£ £
Stocks 82,950 65,591
Total 82,950 65,591

GLOBAL FOODS SOT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Debtors

2024 2023
£ £
Trade debtors 72,912 54,650
Total 72,912 54,650

GLOBAL FOODS SOT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 324,810 295,741
Total 324,810 295,741

GLOBAL FOODS SOT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 251,858 168,696
Total 251,858 168,696