Global Data Processing Limited - Period Ending 2014-09-30

Registration number: 05570980

Global Data Processing Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2014
 

Global Data Processing Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Global Data Processing Limited
for the Year Ended 30 September 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Global Data Processing Limited for the year ended 30 September 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Global Data Processing Limited, as a body, in accordance with the terms of our engagement letter dated 25 November 2005. Our work has been undertaken solely to prepare for your approval the accounts of Global Data Processing Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Global Data Processing Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Global Data Processing Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Global Data Processing Limited. You consider that Global Data Processing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Global Data Processing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Northdown Associates Limited
45 Basepoint Business Centre
Metcalf Way
Crawley
West Sussex
RH11 7XX

29 June 2015

Page 1

Global Data Processing Limited
(Registration number: 05570980)
Abbreviated Balance Sheet at 30 September 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					502			1,004
Current assets
Debtors					11,327			29,617
Cash at bank and in hand					75,305			47,991
					86,632			77,608
Creditors: Amounts falling due within one year					(29,254)			(21,582)
Net current assets					57,378			56,026
Net assets					57,880			57,030
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					57,878			57,028
Shareholders' funds					57,880			57,030

For the year ending 30 September 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 29 June 2015 and signed on its behalf by:

.........................................
Mark Saunders
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Global Data Processing Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life.

Asset class	Depreciation method and rate
Computer equipment	33% Straight Line Basis

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Global Data Processing Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2013		8,221			8,221
At 30 September 2014		8,221			8,221
Depreciation
At 1 October 2013		7,217			7,217
Charge for the year		502			502
At 30 September 2014		7,719			7,719
Net book value
At 30 September 2014		502			502
At 30 September 2013		1,004			1,004

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

Page 4