Company Registration No. 13590131 (England and Wales)
Gloria Trade Ltd
Unaudited accounts
for the year ended 31 August 2023
Gloria Trade Ltd
Unaudited accounts
Contents
Gloria Trade Ltd
Company Information
for the year ended 31 August 2023
Company Number
13590131 (England and Wales)
Registered Office
56 Kenway Road
London
SW5 0RA
United Kingdom
Accountants
Anthony Daniel Associates Ltd
10 Julian Place
London
E14 3AT
Gloria Trade Ltd
Statement of financial position
as at 31 August 2023
Called up share capital not paid
100
100
Cash at bank and in hand
66,170
34,838
Creditors: amounts falling due within one year
(150,112)
(115,924)
Net current assets
13,939
3,409
Called up share capital
100
100
Profit and loss account
13,939
3,409
Shareholders' funds
14,039
3,509
For the year ending 31 August 2023 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 May 2024 and were signed on its behalf by
Qizhi Jiang
Director
Company Registration No. 13590131
Gloria Trade Ltd
Notes to the Accounts
for the year ended 31 August 2023
Gloria Trade Ltd is a private company, limited by shares, registered in England and Wales, registration number 13590131. The registered office is 56 Kenway Road, London, SW5 0RA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Amounts falling due within one year
Gloria Trade Ltd
Notes to the Accounts
for the year ended 31 August 2023
5
Creditors: amounts falling due within one year
2023
2022
Trade creditors
23,954
865
Taxes and social security
2,470
799
Other creditors
116,177
107,259
Loans from directors
7,191
6,791
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
