GLOBAL FOODS TRADING LTD

Company Registration Number:
08946627 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

GLOBAL FOODS TRADING LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

GLOBAL FOODS TRADING LTD

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 33,152 22,696
Total fixed assets: 33,152 22,696
Current assets
Stocks: 1,587,815 1,425,030
Debtors:   2,035,453 2,022,868
Cash at bank and in hand: 68,789 305,658
Total current assets: 3,692,057 3,753,556
Creditors: amounts falling due within one year: 4 (4,712,974) (4,467,517)
Net current assets (liabilities): (1,020,917) (713,961)
Total assets less current liabilities: (987,765) (691,265)
Total net assets (liabilities): (987,765) (691,265)
Capital and reserves
Called up share capital: 25,000 25,000
Profit and loss account: (1,012,765) (716,265)
Shareholders funds: (987,765) (691,265)

The notes form part of these financial statements

GLOBAL FOODS TRADING LTD

Balance sheet statements

For the year ending 31 December 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 22 September 2025
and signed on behalf of the board by:

Name: Parul Saigal
Status: Director

The notes form part of these financial statements

GLOBAL FOODS TRADING LTD

Notes to the Financial Statements

for the Period Ended 31 December 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 FOODS TRADING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 9 5

GLOBAL FOODS TRADING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 52,027
Additions 23,699
At 31 December 2024 75,726
Depreciation
At 01 January 2024 29,331
Charge for year 13,243
At 31 December 2024 42,574
Net book value
At 31 December 2024 33,152
At 31 December 2023 22,696

GLOBAL FOODS TRADING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

accruals 8,396 Other - shareholders 3,204,674 Trade 1,457,831 Taxation & social security costs 21,602 HP liability 20,471

GLOBAL FOODS TRADING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Related party transactions

Name of the related party: Holding company and associated companies
Relationship:
Balance due to holding company £2,907,581
Description of the Transaction: Purchases 276,130 Due to holding company 3,204,674 Due to associated companies 1,098,811
£
Balance at 01 January 2024 2,907,581
Balance at 31 December 2024 3,204,674