Global Market Pulse Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06996182 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 August 2014

for

Global Market Pulse Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D Welsh

Ms K Welsh

REGISTERED OFFICE:

3 Denleigh Gardens

Thames Ditton

Surrey

KT7 0YL

REGISTERED NUMBER:

06996182 (England and Wales)

ACCOUNTANTS:

Lucraft Hodgson & Dawes LLP

Ground Floor

19 New Road

Brighton

East Sussex

BN1 1UF

FIXED ASSETS

Tangible assets

2

8,364

11,159

CURRENT ASSETS

Debtors

12,244

11,068

Cash at bank and in hand

83,352

125,963

95,596

137,031

CREDITORS

Amounts falling due within one year

10,010

22,767

NET CURRENT ASSETS

85,586

114,264

TOTAL ASSETS LESS CURRENT LIABILITIES

93,950

125,423

PROVISIONS FOR LIABILITIES

1,673

-

NET ASSETS

92,277

125,423

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

92,275

125,421

SHAREHOLDERS' FUNDS

92,277

125,423

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 31 May 2015 and were signed on its behalf by:

D Welsh - Director

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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment.

Taxation

Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred taxation is accounted for at expected tax rates on all differences arising from the inclusion of items of

income and expenditure in taxation computations in periods different from those in which they are included in the

financial statements. A deferred tax asset is only recognised when it is more likely than not that the asset will be

recoverable in the foreseeable future out of suitable taxable profits from which the underlying timing differences can

be deducted.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

and 31 August 2014

19,349

DEPRECIATION

At 1 September 2013

8,190

Charge for year

2,795

At 31 August 2014

10,985

NET BOOK VALUE

At 31 August 2014

8,364

At 31 August 2013

11,159

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2014 and

31 August 2013:

31.8.14

31.8.13

£

£

Ms K Welsh

Balance outstanding at start of year

-

-

Amounts advanced

6,122

-

Amounts repaid

-

-

Balance outstanding at end of year

6,122

-

D Welsh

Balance outstanding at start of year

-

-

Amounts advanced

6,123

-

Amounts repaid

-

-

Balance outstanding at end of year

6,123

-