Global Airport Concierge Ltd - Accounts to registrar (filleted) - small 18.2

Global Airport Concierge Ltd - Accounts to registrar (filleted) - small 18.2

GLOBAL AIRPORT CONCIERGE LTD - Company Information

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REGISTERED NUMBER: 07786429 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

GLOBAL AIRPORT CONCIERGE LTD
GLOBAL AIRPORT CONCIERGE LTD (REGISTERED NUMBER: 07786429)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018




Page

Balance Sheet 1

Notes to the Financial Statements 2


GLOBAL AIRPORT CONCIERGE LTD (REGISTERED NUMBER: 07786429)

BALANCE SHEET
30 SEPTEMBER 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,828 30,419

CURRENT ASSETS
Debtors 5 176,655 28,578
Cash at bank 373,519 438,941
550,174 467,519
CREDITORS
Amounts falling due within one year 6 556,858 474,564
NET CURRENT LIABILITIES (6,684 ) (7,045 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
35,144
23,374

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 35,044 23,274
SHAREHOLDERS' FUNDS 35,144 23,374

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 31 July 2019 and were signed on its behalf by:





Mrs Lynn Morby ex-client - Director


The notes form part of these financial statements

Page 1
GLOBAL AIRPORT CONCIERGE LTD (REGISTERED NUMBER: 07786429)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018

1. STATUTORY INFORMATION

Global Airport Concierge Ltd is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address are as below:

Registered number: 07786429

Registered office: 1b Kensington Park Mews
London
W11 2EY

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements for the year ended 30 September 2017 are the first financial statements that comply
with FRS 102 Section 1A small entities.The date of transition is 1 October 2015.

The transition to FRS 102 Section 1A small entities have resulted in no changes in accounting policies to those
used previously, therefore no separate statements for any adjustments are disclosed.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Computer equipment - 33.33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except
to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Page 2 continued...
GLOBAL AIRPORT CONCIERGE LTD (REGISTERED NUMBER: 07786429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2017 24,360 12,743 37,103
Additions 17,200 1,301 18,501
At 30 September 2018 41,560 14,044 55,604
DEPRECIATION
At 1 October 2017 2,436 4,248 6,684
Charge for year 2,436 4,656 7,092
At 30 September 2018 4,872 8,904 13,776
NET BOOK VALUE
At 30 September 2018 36,688 5,140 41,828
At 30 September 2017 21,924 8,495 30,419

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 111,552 23,738
Other debtors 48,619 -
VAT 16,484 -
Prepayments - 4,840
176,655 28,578

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 10,209 -
Trade creditors 176,678 110,748
Corporation Tax payable 4,454 5,263
Social security and other taxes 12,721 -
Other creditors 40,223 1,163
Net wages account 749 -
Pension payable 410 -
Director's current account 308,914 351,890
Accrued expenses 2,500 5,500
556,858 474,564

Page 3 continued...
GLOBAL AIRPORT CONCIERGE LTD (REGISTERED NUMBER: 07786429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary 1 100 100

8. RESERVES
Retained
earnings
£   

At 1 October 2017 23,274
Profit for the year 11,770
At 30 September 2018 35,044

9. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr Grant Morby.

Page 4