IRIS Accounts Production v24.3.2.46 15162628 Board of Directors Board of Directors 25.9.23 30.9.24 30.9.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh151626282023-09-24151626282024-09-30151626282023-09-252024-09-30151626282023-09-2415162628ns15:EnglandWales2023-09-252024-09-3015162628ns14:PoundSterling2023-09-252024-09-3015162628ns10:Director12023-09-252024-09-3015162628ns10:Director22023-09-252024-09-3015162628ns10:PrivateLimitedCompanyLtd2023-09-252024-09-3015162628ns10:SmallEntities2023-09-252024-09-3015162628ns10:AuditExempt-NoAccountantsReport2023-09-252024-09-3015162628ns10:SmallCompaniesRegimeForDirectorsReport2023-09-252024-09-3015162628ns10:SmallCompaniesRegimeForAccounts2023-09-252024-09-3015162628ns10:FullAccounts2023-09-252024-09-3015162628ns10:RegisteredOffice2023-09-252024-09-3015162628ns5:CurrentFinancialInstruments2024-09-3015162628ns5:ShareCapital2024-09-3015162628ns5:RetainedEarningsAccumulatedLosses2024-09-3015162628ns5:PlantMachinery2023-09-252024-09-3015162628ns5:FurnitureFittings2023-09-252024-09-3015162628ns5:ComputerEquipment2023-09-252024-09-3015162628ns5:PlantMachinery2024-09-3015162628ns5:FurnitureFittings2024-09-3015162628ns5:ComputerEquipment2024-09-30
REGISTERED NUMBER: 15162628 (England and Wales)







Unaudited Financial Statements

for the Period

25 September 2023 to 30 September 2024

for

Global Sales and Storage Limited

Global Sales and Storage Limited (Registered number: 15162628)






Contents of the Financial Statements
for the Period 25 September 2023 to 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Global Sales and Storage Limited

Company Information
for the Period 25 September 2023 to 30 September 2024







DIRECTORS: A J Dixon
Mrs C Dixon





REGISTERED OFFICE: Unit 39A Southfield Road Trading Estate
Southfield Road
Nailsea
Bristol
BS48 1JE





REGISTERED NUMBER: 15162628 (England and Wales)





ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST

Global Sales and Storage Limited (Registered number: 15162628)

Balance Sheet
30 September 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 22,029

CURRENT ASSETS
Stocks 51,250
Cash at bank 18,208
69,458
CREDITORS
Amounts falling due within one year 5 67,596
NET CURRENT ASSETS 1,862
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,891

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 23,791
23,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Global Sales and Storage Limited (Registered number: 15162628)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:




A J Dixon - Director



Mrs C Dixon - Director


Global Sales and Storage Limited (Registered number: 15162628)

Notes to the Financial Statements
for the Period 25 September 2023 to 30 September 2024

1. STATUTORY INFORMATION

Global Sales and Storage 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 represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 period 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 period 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.

Global Sales and Storage Limited (Registered number: 15162628)

Notes to the Financial Statements - continued
for the Period 25 September 2023 to 30 September 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
Additions 26,725 1,758 1,000 29,483
At 30 September 2024 26,725 1,758 1,000 29,483
DEPRECIATION
Charge for period 6,681 440 333 7,454
At 30 September 2024 6,681 440 333 7,454
NET BOOK VALUE
At 30 September 2024 20,044 1,318 667 22,029

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 94
Taxation and social security 7,267
Other creditors 60,235
67,596

6. RELATED PARTY DISCLOSURES

During the period, total dividends of £5,000 were paid to the directors .

Global Sales and Storage Limited (Registered number: 15162628)

Notes to the Financial Statements - continued
for the Period 25 September 2023 to 30 September 2024

6. RELATED PARTY DISCLOSURES - continued

A Dixon
Director 2024

Dividends paid 2,500

Capital introduced 39,480 -

Capital Withdrawn -

At the year end, the company owed the director £39,480.

C Dixon
Director 2024

Dividends paid 2,500 -

Capital introduced 19,180

Capital Withdrawn - -

At the year end, the company owed the director £19,180.