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Registered number: 07840749
Globetrotters Independent Traders Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
NL Accountancy & Bookkeeping Services
Member of Institute of Accountants and Bookkeepers
30 The Street
Upper Sheringham
Norfolk
NR26 8AD
Company Information
Directors Mr Simon Watson
Ms Kathryn Rowe
Company Number 07840749
Registered Office 10 Cliff Road
Cromer
Norfolk
NR27 0BU
Accountants NL Accountancy & Bookkeeping Services
Member of Institute of Accountants and Bookkeepers
30 The Street
Upper Sheringham
Norfolk
NR26 8AD
Bankers Barclays Bank plc
Aylsham and North Norfolk
Leicestershire
LE87 2BB
Page 1
Balance Sheet
Registered number: 07840749
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 425,275 384,811
Investments 5 110,000 110,000
535,275 494,811
CURRENT ASSETS
Debtors 6 1,111,892 582,000
Cash at bank and in hand 202,695 126,067
1,314,587 708,067
Creditors: Amounts Falling Due Within One Year 7 (269,212 ) (211,587 )
NET CURRENT ASSETS (LIABILITIES) 1,045,375 496,480
TOTAL ASSETS LESS CURRENT LIABILITIES 1,580,650 991,291
Creditors: Amounts Falling Due After More Than One Year 8 (11,667 ) (21,667 )
NET ASSETS 1,568,983 969,624
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 1,568,883 969,524
SHAREHOLDERS' FUNDS 1,568,983 969,624
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For the year ending 31 December 2025 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Simon Watson
Director
1st June 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Globetrotters Independent Traders Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07840749 . The registered office is 10 Cliff Road, Cromer, Norfolk, NR27 0BU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0% charge
Plant & Machinery 15% reducing balance
Motor Vehicles 20% straight line
Fixtures & Fittings 20% reducing balance
Computer Equipment 25% straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2025 382,170 - 3,139 5,636
Additions - 7,799 37,595 -
As at 31 December 2025 382,170 7,799 40,734 5,636
Depreciation
As at 1 January 2025 - - 2,511 4,856
Provided during the period - 195 3,761 155
As at 31 December 2025 - 195 6,272 5,011
Net Book Value
As at 31 December 2025 382,170 7,604 34,462 625
As at 1 January 2025 382,170 - 628 780
Computer Equipment Total
£ £
Cost
As at 1 January 2025 3,277 394,222
Additions - 45,394
As at 31 December 2025 3,277 439,616
Depreciation
As at 1 January 2025 2,044 9,411
Provided during the period 819 4,930
As at 31 December 2025 2,863 14,341
Net Book Value
As at 31 December 2025 414 425,275
As at 1 January 2025 1,233 384,811
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5. Investments
Listed
£
Cost or Valuation
As at 1 January 2025 110,000
As at 31 December 2025 110,000
Provision
As at 1 January 2025 -
As at 31 December 2025 -
Net Book Value
As at 31 December 2025 110,000
As at 1 January 2025 110,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,110,000 582,000
Other debtors 1,892 -
1,111,892 582,000
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 78
Other creditors 5,006 19,076
Taxation and social security 264,206 192,433
269,212 211,587
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 11,667 21,667
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
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Page 6
2025 2024
£ £
Ms Kathryn Rowe 42,500 40,500
Mr Simon Watson 42,500 40,500
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