TRANSGLOBAL WHOLESALE LTD

Company Registration Number:
12449883 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 27 February 2023

End date: 29 February 2024

TRANSGLOBAL WHOLESALE LTD

Contents of the Financial Statements

for the Period Ended 29 February 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

TRANSGLOBAL WHOLESALE LTD

Company Information

for the Period Ended 29 February 2024




Director: Shafiq Sediq
Registered office: 20
Park Mead
Harrow
England
HA2 8NQ
Company Registration Number: 12449883 (England and Wales)

TRANSGLOBAL WHOLESALE LTD

Directors' Report Period Ended 29 February 2024

The directors present their report with the financial statements of the company for the period ended 29 February 2024

Principal Activities

Wholesale of fruit and vegetable juices, mineral water and soft drinks Wholesale of furniture, carpets and lighting equipment Wholesale of household goods (other than musical instruments) not elsewhere classified

Directors

The directors shown below have held office during the whole of the period from 27 February 2023 to 29 February 2024
Shafiq Sediq

This report was approved by the board of directors on 26 November 2024
And Signed On Behalf Of The Board By:

Name: Shafiq Sediq
Status: Director

TRANSGLOBAL WHOLESALE LTD

Profit and Loss Account

for the Period Ended 29 February 2024


Notes

2024
£

2023
£
Turnover 107,014 47,589
Cost of sales ( 50,704 ) ( 19,897 )
Gross Profit or (Loss) 56,310 27,692
Distribution Costs ( 12,386 ) ( 9,507 )
Administrative Expenses ( 42,103 ) ( 16,746 )
Operating Profit or (Loss) 1,821 1,439
Interest Payable and Similar Charges ( 832 ) ( 609 )
Profit or (Loss) Before Tax 989 830
Profit or (Loss) for Period 989 830

The notes form part of these financial statements

TRANSGLOBAL WHOLESALE LTD

Balance sheet

As at 29 February 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 521 695
Total fixed assets: 521 695
Current assets
Stocks: 28,900 22,900
Cash at bank and in hand: 4,441 790
Total current assets: 33,341 23,690
Creditors: amounts falling due within one year: 5 ( 19,996 ) ( 8,691 )
Net current assets (liabilities): 13,345 14,999
Total assets less current liabilities: 13,866 15,694
Creditors: amounts falling due after more than one year: 6 ( 46,274 ) ( 49,074 )
Total net assets (liabilities): ( 32,408 ) ( 33,380 )

The notes form part of these financial statements

TRANSGLOBAL WHOLESALE LTD

Balance sheet continued

As at 29 February 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 32,508 ) ( 33,480 )
Shareholders funds: ( 32,408 ) ( 33,380 )

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.

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 26 November 2024
And Signed On Behalf Of The Board By:

Name: Shafiq Sediq
Status: Director

The notes form part of these financial statements

TRANSGLOBAL WHOLESALE LTD

Notes to the Financial Statements

for the Period Ended 29 February 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts
    and value added taxes. Turnover includes revenue earned from the sale of goods and from the
    rendering of services. Turnover from the sale of goods is recognised when the significant risks
    and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering
    of services is recognised by reference to the stage of completion of the contract. The stage of
    completion of a contract is measured by comparing the costs incurred for work performed to date
    to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative
    impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land,
    at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its
    expected useful life, as follows:

    Equipment, Fixtures & fittings: 25% Reducing balance

    Motor Vehicles: 25% Reducing balance

TRANSGLOBAL WHOLESALE LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

TRANSGLOBAL WHOLESALE LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 3. Off balance sheet disclosure

    No

TRANSGLOBAL WHOLESALE LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Tangible assets

Fixtures & fittings Motor vehicles Total
Cost £ £ £
At 27 February 2023 235 1,000 1,235
Additions - - -
Disposals - - -
Revaluations - - -
Transfers - - -
At 29 February 2024 235 1,000 1,235
Depreciation
At 27 February 2023 103 437 540
Charge for year 33 141 174
On disposals - - -
Other adjustments - - -
At 29 February 2024 136 578 714
Net book value
At 29 February 2024 99 422 521
At 26 February 2023 132 563 695

TRANSGLOBAL WHOLESALE LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

5.Creditors: amounts falling due within one year note


2024
£

2023
£
Other creditors 19,996 8,691
Total 19,996 8,691

TRANSGLOBAL WHOLESALE LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

6.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 46,274 49,074
Total 46,274 49,074