Abbreviated Company Accounts - GLOBAL WHOLESALERS LTD

Abbreviated Company Accounts - GLOBAL WHOLESALERS LTD

GLOBAL WHOLESALERS LTD - Company Information

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Registered Number 07013338

GLOBAL WHOLESALERS LTD

Abbreviated Accounts

31 August 2016

GLOBAL WHOLESALERS LTD Registered Number 07013338

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 16,427 19,997
16,427 19,997
Current assets
Stocks 720,000 527,000
Debtors 81,338 106,004
Cash at bank and in hand 742,139 675,810
1,543,477 1,308,814
Creditors: amounts falling due within one year (322,462) (329,559)
Net current assets (liabilities) 1,221,015 979,255
Total assets less current liabilities 1,237,442 999,252
Total net assets (liabilities) 1,237,442 999,252
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,237,440 999,250
Shareholders' funds 1,237,442 999,252
  • For the year ending 31 August 2016 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.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 18 May 2017

And signed on their behalf by:
Mr Imraan Fayyaz, Director

GLOBAL WHOLESALERS LTD Registered Number 07013338

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

2Tangible fixed assets
£
Cost
At 1 September 2015 54,904
Additions 1,906
Disposals -
Revaluations -
Transfers -
At 31 August 2016 56,810
Depreciation
At 1 September 2015 34,907
Charge for the year 5,476
On disposals -
At 31 August 2016 40,383
Net book values
At 31 August 2016 16,427
At 31 August 2015 19,997