Global Office Supplies Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06973572 (England and Wales)

GLOBAL OFFICE SUPPLIES LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M Girton

M Keevil

SECRETARY:

M Keevil

REGISTERED OFFICE:

Global House

300 Broadway

Bexleyheath

Kent

DA6 8AH

REGISTERED NUMBER:

06973572 (England and Wales)

FIXED ASSETS

Tangible assets

2

18,304

13,348

CURRENT ASSETS

Debtors

214,912

192,579

Prepayments and accrued income

4,437

3,548

Cash at bank

174,949

163,365

394,298

359,492

CREDITORS

Amounts falling due within one year

274,752

250,425

NET CURRENT ASSETS

119,546

109,067

TOTAL ASSETS LESS CURRENT LIABILITIES

137,850

122,415

CAPITAL AND RESERVES

Called up share capital

3

110

105

Profit and loss account

137,740

122,310

SHAREHOLDERS' FUNDS

137,850

122,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28 April 2015 and were signed on its behalf by:

M Girton - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts are prepared on a going concern basis, the use of the going concern basis of accounting is

appropriate because there are no material uncertainties related to events or conditions that may cast significant

doubt about the ability of the company to continue as a going concern.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

22,946

Additions

11,058

At 31 August 2014

34,004

DEPRECIATION

At 1 September 2013

9,598

Charge for year

6,102

At 31 August 2014

15,700

NET BOOK VALUE

At 31 August 2014

18,304

At 31 August 2013

13,348

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

1

100

100

10

Ordinary B Shares

1

10

5

110

105

5 Ordinary B Shares shares of 1 each were allotted and fully paid for cash at par during the year.

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed Mr M Girton, a director, £633 (2013: £145). Mr M Keevil, a

director, was owed £346 (2013: £75) by the company.