Global Data Solutions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06421636 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2019

for

Global Data Solutions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Gamble

SECRETARY:

Mrs S Gamble

REGISTERED OFFICE:

4 Thomas Lane

Finchampstead

Wokingham

Berkshire

RG40 4RU

REGISTERED NUMBER:

06421636 (England and Wales)

ACCOUNTANTS:

Dolan Accountancy Limited

Unit 36, Silk Mill Industrial Estate

Brook Street

Tring

Hertfordshire

HP23 5EF

FIXED ASSETS

Tangible assets

4

1,826

-

Investments

5

168,409

140,228

170,235

140,228

CURRENT ASSETS

Debtors

6

15,120

15,372

Cash at bank and in hand

126,906

101,332

142,026

116,704

CREDITORS

Amounts falling due within one year

7

33,148

38,060

NET CURRENT ASSETS

108,878

78,644

TOTAL ASSETS LESS CURRENT LIABILITIES

279,113

218,872

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

7,307

(13,536

)

Retained earnings

271,706

232,308

279,113

218,872

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 7 January 2020 and were signed by:

D Gamble - Director

1.	STATUTORY INFORMATION

Global Data Solutions Ltd is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the

Company Information page.

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.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, 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.

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 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2018

12,723

Additions

2,552

At 30 November 2019

15,275

DEPRECIATION

At 1 December 2018

12,723

Charge for year

726

At 30 November 2019

13,449

NET BOOK VALUE

At 30 November 2019

1,826

5.	FIXED ASSET INVESTMENTS

Other

investment

£

COST OR VALUATION

At 1 December 2018

140,228

Additions

28,181

At 30 November 2019

168,409

NET BOOK VALUE

At 30 November 2019

168,409

At 30 November 2018

140,228

Cost or valuation at 30 November 2019 is represented by:

Other

investment

£

Valuation in 2018

140,228

Valuation in 2019

28,181

168,409

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Trade debtors

15,120

15,372

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Bank loans and overdrafts

5,342

6,211

Taxation and social security

27,176

31,654

Other creditors

630

195

33,148

38,060

8.

RESERVES

Revaluatio

reserve

£

At 1 December 2018

(13,536

)

Revaluation

20,843

At 30 November 2019

7,307

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the year end, the company owed the Director £629.85.