GLOBAL FOOD MART LIMITED | |
UNAUDITED FINANCIAL STATEMENTS | |
FOR THE YEAR ENDED 30 APRIL 2023 | |
GLOBAL FOOD MART LIMITED | |||
FINANCIAL STATEMENTS | |||
FOR THE YEAR ENDED 30 APRIL 2023 | |||
DIRECTORS | |||
R John | |||
REGISTERED OFFICE | |||
99-101 Fishponds Road Bristol BS5 6PN |
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COMPANY REGISTERED NUMBER | |||
06882657 | |||
BANKERS | |||
HSBC | |||
ACCOUNTANTS | |||
Adam House | |||
Chartered Accountants | |||
123 Fishponds Road Bristol BS5 6PR |
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CONTENTS | |||
Pages | |||
2-3 | Statement of Financial Position | ||
4-8 | Notes to the Financial Statements | ||
page 1 | |
Company registered number: |
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STATEMENT OF FINANCIAL POSITION AT |
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Note | 2023 | 2022 | |||
£ | £ | £ | |||
FIXED ASSETS | |||||
Intangible assets | 3 | ||||
Property, plant and equipment | 4 | ||||
Investment property | 5 | ||||
CURRENT ASSETS | |||||
Inventories | |||||
Cash at bank and in hand | |||||
CREDITORS: Amounts falling due within one year | 6 | ||||
NET CURRENT LIABILITIES | ( |
( |
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NET ASSETS | £ |
£ |
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CAPITAL AND RESERVES | |||||
Called up share capital | |||||
Retained earnings | |||||
SHAREHOLDERS' FUNDS | £ |
£ |
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The notes on pages 4-8 form part of these financial statements | |
page 2 | |
Company registered number: |
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STATEMENT OF FINANCIAL POSITION AT |
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Note | 2023 | 2022 | |||
£ | £ | £ |
In approving these financial statements as directors of the company we hereby confirm the following: | |||
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. | |||
The financial statements were approved and authorised for issue by the board of directors on |
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Signed on behalf of the board of directors | |||
The notes on pages 4-8 form part of these financial statements | |
page 3 | |
GLOBAL FOOD MART LIMITED | |||
NOTES TO THE ACCOUNTS | |||
FOR THE YEAR ENDED 30 APRIL 2023 |
1. | SIGNIFICANT ACCOUNTING POLICIES | ||
1a. | Statement of compliance | |||
Global Food Mart Limited is a private limited company and incorporated in |
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Registered office: | ||||
Bristol BS5 6PN |
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These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 May 2022. | ||||
Basis of accounting | ||||
1c. | Revenue recognition | |||
1d. | Borrowing costs | |||
1e. | Taxation | |||
Intangible assets | ||||
The notes on pages 4-8 form part of these financial statements | |
page 4 | |
GLOBAL FOOD MART LIMITED | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 30 APRIL 2023 |
1. | SIGNIFICANT ACCOUNTING POLICIES (CONT.) |
1g. | Investment property | ||
and loss account accumulated in the profit and loss reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. |
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1h. | Property, plant and equipment | ||
Plant and machinery | |||
Vehicles | |||
Fixtures and fittings | |||
Equipment |
1i. | Inventories | |||
1j. | Short term debtors and creditors | |||
1k. | Cash and cash equivalents | |||
1l. | Interest bearing borrowings | |||
The notes on pages 4-8 form part of these financial statements | |
page 5 | |
GLOBAL FOOD MART LIMITED | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 30 APRIL 2023 |
1. | SIGNIFICANT ACCOUNTING POLICIES (CONT.) |
1m. | Leased assets | |||
1n. | Foreign currencies | |||
1o. | Employee benefits | |||
1p. | Discontinued operations | |||
1q. | Provisions | |||
The notes on pages 4-8 form part of these financial statements | |
page 6 | |
GLOBAL FOOD MART LIMITED | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 30 APRIL 2023 |
1. | SIGNIFICANT ACCOUNTING POLICIES (CONT.) |
1r. | Judgements and key sources of estimation uncertainty | |||
2. | DIRECTORS AND EMPLOYEES | ||
The average weekly number of employees during the year were as follows: | |||
2023 | 2022 | ||
No. | No. | ||
Management and administration | |||
Production and sales | |||
3. | INTANGIBLE FIXED ASSETS | ||
Goodwill | Total | ||
£ | £ | ||
Cost | |||
At 1 May 2022 | |||
At 30 April 2023 | |||
Amortisation | |||
At 1 May 2022 | |||
For the year | |||
At 30 April 2023 | |||
Net Book Amounts | |||
At 30 April 2023 | |||
At 30 April 2022 | |||
The notes on pages 4-8 form part of these financial statements | |
page 7 | |
GLOBAL FOOD MART LIMITED | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 30 APRIL 2023 |
4. | PROPERTY, PLANT AND EQUIPMENT | ||||
Plant & | Fixtures & | ||||
Freehold | Machinery | Equipment | Total | ||
£ | £ | £ | £ | ||
Cost | |||||
At 1 May 2022 | |||||
At 30 April 2023 | |||||
Depreciation | |||||
At 1 May 2022 | |||||
For the year | |||||
At 30 April 2023 | |||||
Net Book Amounts | |||||
At 30 April 2023 | £ |
£ |
£ |
£ |
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At 30 April 2022 | £ |
£ |
£ |
£ |
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Investment Properties | |||
Total | |||
£ | |||
Fair value at 1 May 2022 | |||
Acquisitions through business combinations | |||
Fair value at 30 April 2023 | |||
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
2023 | 2022 | ||
£ | £ | ||
Bank loans and overdrafts | 185,018 | 197,667 | |
Trade creditors | |||
Corporation tax | |||
Other taxes and social security | |||
Other creditors | |||
Accruals and deferred income | |||
£ |
£ |
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The notes on pages 4-8 form part of these financial statements | |
page 8 |