GLOBAL WHOLESALERS LTD

Company Registration Number:
07013338 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

GLOBAL WHOLESALERS LTD

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Notes

GLOBAL WHOLESALERS LTD

Balance sheet

As at 31 August 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 4,916,204 1,969,112
Investments: 4 99,635 99,635
Total fixed assets: 5,015,839 2,068,747
Current assets
Stocks: 2,100,000 1,900,000
Debtors:   232,418 3,587,585
Cash at bank and in hand: 2,306,077 1,225,002
Total current assets: 4,638,495 6,712,587
Creditors: amounts falling due within one year:   (1,382,371) (719,880)
Net current assets (liabilities): 3,256,124 5,992,707
Total assets less current liabilities: 8,271,963 8,061,454
Creditors: amounts falling due after more than one year:   (2,014,734) (2,284,325)
Provision for liabilities: (223,699)
Total net assets (liabilities): 6,033,530 5,777,129
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 6,033,528 5,777,127
Shareholders funds: 6,033,530 5,777,129

The notes form part of these financial statements

GLOBAL WHOLESALERS LTD

Balance sheet statements

For the year ending 31 August 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.

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 11 February 2025
and signed on behalf of the board by:

Name: Imraan Fayyaz
Status: Director

The notes form part of these financial statements

GLOBAL WHOLESALERS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

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 WHOLESALERS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

2. Employees

2024 2023
Average number of employees during the period 23 16

GLOBAL WHOLESALERS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible Assets

Total
Cost £
At 01 September 2023 2,071,191
Additions 2,992,247
At 31 August 2024 5,063,438
Depreciation
At 01 September 2023 102,079
Charge for year 45,155
At 31 August 2024 147,234
Net book value
At 31 August 2024 4,916,204
At 31 August 2023 1,969,112

GLOBAL WHOLESALERS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Fixed investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.