GLG Telecom Limited - Limited company - abbreviated - 11.6

GLG Telecom Limited - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: SC466621 (Scotland)













ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

3 JANUARY 2014 TO 31 DECEMBER 2014

FOR

GLG TELECOM LIMITED

GLG TELECOM LIMITED (REGISTERED NUMBER: SC466621)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Period 3 JANUARY 2014 TO 31 DECEMBER 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

GLG TELECOM LIMITED

COMPANY INFORMATION
for the Period 3 JANUARY 2014 TO 31 DECEMBER 2014







DIRECTORS: G G Edgar
Mrs L A M Brodie
G L Murphy





REGISTERED OFFICE: C/O Thomas Barrie & Co
Atlantic House
1a Cadogan Street
Glasgow
G2 6QE





REGISTERED NUMBER: SC466621 (Scotland)





ACCOUNTANTS: Thomas Barrie & Co LLP
Atlantic House
1a Cadogan Street
Glasgow
G2 6QE

GLG TELECOM LIMITED (REGISTERED NUMBER: SC466621)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2014

Notes £    £   
FIXED ASSETS
Investments 2 1,253,417

CURRENT ASSETS
Debtors 120,000
Cash at bank 780
120,780
CREDITORS
Amounts falling due within one year 545,343
NET CURRENT LIABILITIES (424,563 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

828,854

CREDITORS
Amounts falling due after more than one
year

97,903
NET ASSETS 730,951

CAPITAL AND RESERVES
Called up share capital 3 17,376
Share premium 705,752
Profit and loss account 7,823
SHAREHOLDERS' FUNDS 730,951

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 18 May 2015 and were signed on its behalf by:



G G Edgar - Director


GLG TELECOM LIMITED (REGISTERED NUMBER: SC466621)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Period 3 JANUARY 2014 TO 31 DECEMBER 2014

1. ACCOUNTING POLICIES

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).

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

2. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
Additions 1,253,417
At 31 December 2014 1,253,417
NET BOOK VALUE
At 31 December 2014 1,253,417

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
17,376 Ordinary £1.00 17,376

17,376 Ordinary shares of £1.00 each were allotted as fully paid at a premium of £40.61 per share during the
period.