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REGISTERED NUMBER: 13577341 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

GLOBAL FOOD CHOICE LIMITED

GLOBAL FOOD CHOICE LIMITED (Registered number: 13577341)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLOBAL FOOD CHOICE LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTOR: N.M. Ali





REGISTERED OFFICE: 3 Crofton Street
Old Trafford
Manchester
M16 9LY





REGISTERED NUMBER: 13577341 (England and Wales)






GLOBAL FOOD CHOICE LIMITED (Registered number: 13577341)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 32,246 16,246

CURRENT ASSETS
Inventories 62,300 68,700
Debtors 5 36,632 98,224
Cash at bank and in hand 37,470 8,792
136,402 175,716
CREDITORS
Amounts falling due within one year 6 19,976 13,558
NET CURRENT ASSETS 116,426 162,158
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,672

178,404

CREDITORS
Amounts falling due after more than one
year

7

17,746

116,125
NET ASSETS 130,926 62,279

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 130,876 62,229
130,926 62,279

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

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

GLOBAL FOOD CHOICE LIMITED (Registered number: 13577341)

Balance Sheet - continued
31 August 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 14 May 2025 and were signed by:





N.M. Ali - Director


GLOBAL FOOD CHOICE LIMITED (Registered number: 13577341)

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

1. STATUTORY INFORMATION

GLOBAL FOOD CHOICE 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
Revenue 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 etc - 25% on reducing balance and not provided

Stocks
Inventories 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 6 (2023 - 4 ) .

GLOBAL FOOD CHOICE LIMITED (Registered number: 13577341)

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 September 2023 27,099
Additions 26,750
At 31 August 2024 53,849
DEPRECIATION
At 1 September 2023 10,853
Charge for year 10,750
At 31 August 2024 21,603
NET BOOK VALUE
At 31 August 2024 32,246
At 31 August 2023 16,246

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 35,860 98,224
Other debtors 772 -
36,632 98,224

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 13,924 7,556
Other creditors 6,052 6,002
19,976 13,558

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 17,746 116,125