IRIS Accounts Production v24.3.2.46 05599240 director 1.11.23 31.10.24 31.10.24 false true false false true false Ordinary 1.00000 Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055992402023-10-31055992402024-10-31055992402023-11-012024-10-31055992402022-10-31055992402022-11-012023-10-31055992402023-10-3105599240ns15:EnglandWales2023-11-012024-10-3105599240ns14:PoundSterling2023-11-012024-10-3105599240ns10:Director12023-11-012024-10-3105599240ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3105599240ns10:SmallEntities2023-11-012024-10-3105599240ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3105599240ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3105599240ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3105599240ns10:FullAccounts2023-11-012024-10-3105599240ns10:OrdinaryShareClass12023-11-012024-10-3105599240ns10:OrdinaryShareClass22023-11-012024-10-3105599240ns10:RegisteredOffice2023-11-012024-10-3105599240ns5:CurrentFinancialInstruments2024-10-3105599240ns5:CurrentFinancialInstruments2023-10-3105599240ns5:Non-currentFinancialInstruments2024-10-3105599240ns5:Non-currentFinancialInstruments2023-10-3105599240ns5:ShareCapital2024-10-3105599240ns5:ShareCapital2023-10-3105599240ns5:RetainedEarningsAccumulatedLosses2024-10-3105599240ns5:RetainedEarningsAccumulatedLosses2023-10-3105599240ns5:PlantMachinery2023-11-012024-10-3105599240ns5:FurnitureFittings2023-11-012024-10-3105599240ns5:MotorVehicles2023-11-012024-10-3105599240ns5:PlantMachinery2023-10-3105599240ns5:FurnitureFittings2023-10-3105599240ns5:MotorVehicles2023-10-3105599240ns5:ComputerEquipment2023-10-3105599240ns5:ComputerEquipment2023-11-012024-10-3105599240ns5:PlantMachinery2024-10-3105599240ns5:FurnitureFittings2024-10-3105599240ns5:MotorVehicles2024-10-3105599240ns5:ComputerEquipment2024-10-3105599240ns5:PlantMachinery2023-10-3105599240ns5:FurnitureFittings2023-10-3105599240ns5:MotorVehicles2023-10-3105599240ns5:ComputerEquipment2023-10-3105599240ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3105599240ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3105599240ns5:AcceleratedTaxDepreciationDeferredTax2024-10-3105599240ns5:AcceleratedTaxDepreciationDeferredTax2023-10-3105599240ns5:DeferredTaxation2023-10-3105599240ns5:DeferredTaxation2023-11-012024-10-3105599240ns5:DeferredTaxation2024-10-3105599240ns10:OrdinaryShareClass12024-10-3105599240ns10:OrdinaryShareClass22024-10-31
REGISTERED NUMBER: 05599240 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Impex Trading (Global) Ltd

Impex Trading (Global) Ltd (Registered number: 05599240)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Impex Trading (Global) Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: C Ouloupis





REGISTERED OFFICE: Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP





REGISTERED NUMBER: 05599240 (England and Wales)





ACCOUNTANTS: Philip T. Chave & Co
Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

Impex Trading (Global) Ltd (Registered number: 05599240)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,381 29,852

CURRENT ASSETS
Stocks 2,110,639 1,515,639
Debtors 5 18,488 15,488
Cash at bank and in hand 14,106 62,787
2,143,233 1,593,914
CREDITORS
Amounts falling due within one year 6 1,649,083 1,068,196
NET CURRENT ASSETS 494,150 525,718
TOTAL ASSETS LESS CURRENT
LIABILITIES

536,531

555,570

CREDITORS
Amounts falling due after more than one
year

7

(10,863

)

(27,194

)

PROVISIONS FOR LIABILITIES 8 (6,441 ) (5,672 )
NET ASSETS 519,227 522,704

CAPITAL AND RESERVES
Called up share capital 9 101 101
Retained earnings 519,126 522,603
SHAREHOLDERS' FUNDS 519,227 522,704

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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.

Impex Trading (Global) Ltd (Registered number: 05599240)

Balance Sheet - continued
31 October 2024



The financial statements were approved by the director and authorised for issue on 27 February 2025 and were signed by:





C Ouloupis - Director


Impex Trading (Global) Ltd (Registered number: 05599240)

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

1. STATUTORY INFORMATION

Impex Trading (Global) Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 6 ) .

Impex Trading (Global) Ltd (Registered number: 05599240)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 15,349 21,847 20,000 1,759 58,955
Additions 3,292 20,767 - - 24,059
At 31 October 2024 18,641 42,614 20,000 1,759 83,014
DEPRECIATION
At 1 November 2023 9,292 14,459 5,000 352 29,103
Charge for year 1,870 5,629 3,750 281 11,530
At 31 October 2024 11,162 20,088 8,750 633 40,633
NET BOOK VALUE
At 31 October 2024 7,479 22,526 11,250 1,126 42,381
At 31 October 2023 6,057 7,388 15,000 1,407 29,852

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 500 -
Other debtors 17,988 15,488
18,488 15,488

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 16,331 16,331
Trade creditors 102,494 175,456
Taxation and social security 164,621 325,745
Other creditors 1,365,637 550,664
1,649,083 1,068,196

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 10,863 27,194

8. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax
Accelerated capital allowances 6,441 5,672

Impex Trading (Global) Ltd (Registered number: 05599240)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2023 5,672
Provided during year 769
Balance at 31 October 2024 6,441

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary £1 100 100
1 Ordinary A 1 1 1
101 101