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REGISTERED NUMBER: 12621653 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ARGENTIUM GLOBAL SALES LIMITED

ARGENTIUM GLOBAL SALES LIMITED (REGISTERED NUMBER: 12621653)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARGENTIUM GLOBAL SALES LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTOR: J S Abraham





REGISTERED OFFICE: 1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB





REGISTERED NUMBER: 12621653 (England and Wales)





ACCOUNTANTS: LDP Luckmans
Chartered Accountants
1110 Elliott Court
Herald Avenue
Coventry Business Park
Coventry
West Midlands
CV5 6UB

ARGENTIUM GLOBAL SALES LIMITED (REGISTERED NUMBER: 12621653)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,160 5,061

CURRENT ASSETS
Stocks 219,187 210,827
Debtors 5 31,435 71,870
Cash at bank and in hand 18,068 12,010
268,690 294,707
CREDITORS
Amounts falling due within one year 6 342,176 363,582
NET CURRENT LIABILITIES (73,486 ) (68,875 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(70,326

)

(63,814

)

CREDITORS
Amounts falling due after more than one
year

7

21,836

34,234
NET LIABILITIES (92,162 ) (98,048 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (92,262 ) (98,148 )
SHAREHOLDERS' FUNDS (92,162 ) (98,048 )

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

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

ARGENTIUM GLOBAL SALES LIMITED (REGISTERED NUMBER: 12621653)

BALANCE SHEET - continued
31 March 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 21 March 2025 and were signed by:





J S Abraham - Director


ARGENTIUM GLOBAL SALES LIMITED (REGISTERED NUMBER: 12621653)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Argentium Global Sales 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.

As at 31 March 2024 the balance sheet showed a deficit of £92,162 (2023 - £98,048). The directors believe the financial statements should still be prepared on a going concern basis due to the company having the continuing support of its creditors. Therefore, no accounting entries have been made to the financial statements to reflect any adjustments which may be required should this support be withdrawn.

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 estimateduseful life.
Fixtures and fittings - Straight line over 5 years
Computer equipment - Straight line over 3 years

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.

ARGENTIUM GLOBAL SALES LIMITED (REGISTERED NUMBER: 12621653)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 4,157 3,210 7,367
DEPRECIATION
At 1 April 2023 458 1,848 2,306
Charge for year 831 1,070 1,901
At 31 March 2024 1,289 2,918 4,207
NET BOOK VALUE
At 31 March 2024 2,868 292 3,160
At 31 March 2023 3,699 1,362 5,061

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,285 41,492
Other debtors 25,150 30,378
31,435 71,870

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,375 11,392
Trade creditors 12,398 45,764
Amounts owed to group undertakings 65,770 43,691
Tax 200 -
Social security and other taxes 2,470 1,346
VAT 7,386 24,371
Other creditors 20,972 24,667
Directors' current accounts 218,105 209,588
Accrued expenses 2,500 2,763
342,176 363,582

ARGENTIUM GLOBAL SALES LIMITED (REGISTERED NUMBER: 12621653)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 21,836 34,234

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary 1p 100 100