Company registration number: 08051928
Annual report and unaudited financial statements
for the year ended 31 March 2026
for
Glocal Supplies Ltd
Pages for filing with the Registrar
Company registration number: 08051928
Glocal Supplies Ltd
Balance sheet
as at 31 March 2026
31 Mar 26 31 Mar 25
Note £ £ £ £
Current assets
Debtors 4 45 25,867
Cash at bank and in hand 40,662 62,059
40,707 87,926
Creditors: amounts falling due within one year
5 (21,457) (64,164)
Net current assets 19,250 23,762
Creditors: Amounts falling due after more than one year
(17,750) (20,750)
NET ASSETS 1,500 3,012
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 500 2,012
TOTAL EQUITY 1,500 3,012
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2026.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 08051928
Glocal Supplies Ltd
Balance sheet - continued
as at 31 March 2026
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Dr H Riahi, Director
11 June 2026
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Glocal Supplies Ltd
Notes to the financial statements
for the year ended 31 March 2026
1 Company information
Glocal Supplies Ltd is a private company registered in England and Wales. Its registered number is 08051928. The company is limited by shares. Its registered office is R M & Co Chartered Accountants, 13 Mary Street, Sunderland, Tyne and Wear, SR1 3NH. Its principal place of business is 34 Esh Wood View, Ushaw Moor, Durham, County Durham, DH7 7FE.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3 Average number of employees
During the year the average number of employees was 1 (2025 - 1).
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Glocal Supplies Ltd
Notes to the financial statements - continued
for the year ended 31 March 2026
4 Debtors
31 Mar 26 31 Mar 25
£ £
Trade debtors - 17,094
Taxation 45 8,773
45 25,867
5 Creditors: amounts falling due within one year
31 Mar 26 31 Mar 25
£ £
Trade creditors 1,440 42,868
Taxation 19,712 21,296
Social security and other tax 305 -
21,457 64,164
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