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REGISTERED NUMBER: 09405434 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Gw Global Trading Limited

Gw Global Trading Limited (Registered number: 09405434)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gw Global Trading Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: W Yue





REGISTERED OFFICE: 48a George Street
London
W1U 7DY





REGISTERED NUMBER: 09405434 (England and Wales)





ACCOUNTANTS: L&W Chartered Certified Accountants
30 Charing Cross Road
London
London
WC2H 0DE

Gw Global Trading Limited (Registered number: 09405434)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,525 42,774

CURRENT ASSETS
Debtors 5 297,881 298,077
Cash at bank and in hand 37,246 36,190
335,127 334,267
CREDITORS
Amounts falling due within one year 6 199,433 255,583
NET CURRENT ASSETS 135,694 78,684
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,219

121,458

CREDITORS
Amounts falling due after more than one year 7 42,627 -
NET ASSETS 137,592 121,458

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 137,492 121,358
SHAREHOLDERS' FUNDS 137,592 121,458

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Gw Global Trading Limited (Registered number: 09405434)

Balance Sheet - continued
31 January 2024


The 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.

The financial statements were approved by the director and authorised for issue on 28 October 2024 and were signed by:





W Yue - Director


Gw Global Trading Limited (Registered number: 09405434)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Gw Global Trading Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 6 ) .

Gw Global Trading Limited (Registered number: 09405434)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 671 15,125 84,876 5,144 105,816
Additions 3,494 - 7,100 - 10,594
At 31 January 2024 4,165 15,125 91,976 5,144 116,410
DEPRECIATION
At 1 February 2023 - 11,486 46,412 5,144 63,042
Charge for year - 1,404 7,439 - 8,843
At 31 January 2024 - 12,890 53,851 5,144 71,885
NET BOOK VALUE
At 31 January 2024 4,165 2,235 38,125 - 44,525
At 31 January 2023 671 3,639 38,464 - 42,774

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 56,000 56,000
Other debtors 173,271 184,309
VAT 68,078 57,768
Prepayments and accrued income 532 -
297,881 298,077

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts (see note 8) 24,853 34,728
Trade creditors - 356
Corporation tax 11,912 58,330
Social security and other taxes 2,194 2,946
American express-71000 - 71,307
Natwest Credit Card Business 8,780 -
Alipay Account 121,500 -
Directors' current accounts 18,707 74,966
Accrued expenses 11,487 12,950
199,433 255,583

Gw Global Trading Limited (Registered number: 09405434)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans (see note 8) 42,627 -

8. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 1 -
Bank loans 24,852 34,728
24,853 34,728

Amounts falling due between two and five years:
Bank loans - 2-5 years 42,627 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 ORDINARY 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 February 2023 121,358
Profit for the year 46,134
Dividends (30,000 )
At 31 January 2024 137,492