GLOBAL WHOLESALERS LTD

GLOBAL WHOLESALERS LTD

GLOBAL WHOLESALERS LTD - Company Information

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GLOBAL WHOLESALERS LTD

Company Registration Number:
07013338 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2020

Period of accounts

Start date: 01 September 2019

End date: 31 August 2020

GLOBAL WHOLESALERS LTD

Contents of the Financial Statements

for the Period Ended 31 August 2020

Balance sheet
Notes

GLOBAL WHOLESALERS LTD

Balance sheet

As at 31 August 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 1,643,226 1,650,569
Total fixed assets: 1,643,226 1,650,569
Current assets
Stocks: 820,000 805,000
Debtors:   109,829 167,100
Cash at bank and in hand: 1,739,344 789,689
Total current assets: 2,669,173 1,761,789
Creditors: amounts falling due within one year:   (620,522) (340,330)
Net current assets (liabilities): 2,048,651 1,421,459
Total assets less current liabilities: 3,691,877 3,072,028
Creditors: amounts falling due after more than one year:   (963,308) (1,000,091)
Total net assets (liabilities): 2,728,569 2,071,937
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 2,728,567 2,071,935
Shareholders funds: 2,728,569 2,071,937

The notes form part of these financial statements

GLOBAL WHOLESALERS LTD

Balance sheet statements

For the year ending 31 August 2020 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 01 May 2021
and signed on behalf of the board by:

Name: Mr I Fayyaz
Status: Director

The notes form part of these financial statements

GLOBAL WHOLESALERS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2020

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 WHOLESALERS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2020

2. Employees

2020 2019
Average number of employees during the period 15 10

GLOBAL WHOLESALERS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2020

3. Tangible Assets

Total
Cost £
At 01 September 2019 1,709,012
At 31 August 2020 1,709,012
Depreciation
At 01 September 2019 58,443
Charge for year 7,343
At 31 August 2020 65,786
Net book value
At 31 August 2020 1,643,226
At 31 August 2019 1,650,569