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 2022

Period of accounts

Start date: 01 September 2021

End date: 31 August 2022

GLOBAL WHOLESALERS LTD

Contents of the Financial Statements

for the Period Ended 31 August 2022

Balance sheet
Notes

GLOBAL WHOLESALERS LTD

Balance sheet

As at 31 August 2022


Notes
2022
2021


£
£
Fixed assets
Tangible assets: 3 1,693,033 1,639,358
Investments: 4 99,635 0
Total fixed assets: 1,792,668 1,639,358
Current assets
Stocks: 1,471,706 925,000
Debtors:   3,438,066 257,609
Cash at bank and in hand: 1,599,763 2,697,562
Total current assets: 6,509,535 3,880,171
Creditors: amounts falling due within one year:   (918,965) (718,026)
Net current assets (liabilities): 5,590,570 3,162,145
Total assets less current liabilities: 7,383,238 4,801,503
Creditors: amounts falling due after more than one year:   (2,327,694) (922,539)
Total net assets (liabilities): 5,055,544 3,878,964
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 5,055,542 3,878,962
Shareholders funds: 5,055,544 3,878,964

The notes form part of these financial statements

GLOBAL WHOLESALERS LTD

Balance sheet statements

For the year ending 31 August 2022 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 03 May 2023
and signed on behalf of the board by:

Name: Mr Imraan 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 2022

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 2022

2. Employees

2022 2021
Average number of employees during the period 17 17

GLOBAL WHOLESALERS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2022

3. Tangible Assets

Total
Cost £
At 01 September 2021 1,711,197
Additions 77,618
At 31 August 2022 1,788,815
Depreciation
At 01 September 2021 71,839
Charge for year 23,943
At 31 August 2022 95,782
Net book value
At 31 August 2022 1,693,033
At 31 August 2021 1,639,358

GLOBAL WHOLESALERS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2022

4. Fixed investments

Investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.