PRECISION GLOBAL CONSULTING LIMITED Accounts filed on 31-05-2015

PRECISION GLOBAL CONSULTING LIMITED - Company Information

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PRECISION GLOBAL CONSULTING LIMITED

Company Registration Number:
08854070 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 21st January 2014

End date: 31st May 2015

SUBMITTED

Company Information
for the Period Ended 31st May 2015

Director:		David Bagheri






Registered office:		Room 426, The Linen Hall 162-168 Regent Street


		London

		W1B 5TE
		GB-ENG



Company Registration Number:		08854070 (England and Wales)

Abbreviated Balance sheet
As at 31st May 2015

	Notes	2015 £	£
Current assets
Debtors:	7	13,136	-
Cash at bank and in hand:		48,380	-
Total current assets:		61,516	-
Creditors
Creditors: amounts falling due within one year	8	60,093	-
Net current assets (liabilities):		1,423	-
Total assets less current liabilities:		1,423	-
Total net assets (liabilities):		1,423	-

The notes form part of these financial statements

Abbreviated Balance sheet
As at 31st May 2015
continued

	Notes	2015 £	£
Capital and reserves
Called up share capital:	10	100	-
Profit and Loss account:		1,323	0
Total shareholders funds:		1,423	-

For the year ending 31 May 2015 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 10 July 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: David Bagheri
Status: Director

The notes form part of these financial statements

Notes to the Abbreviated Accounts
for the Period Ended 31st May 2015

1. Accounting policies

Basis of measurement and preparation of accounts

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). The company has taken advantage of the exemption from preparing a cash flow statement on the grounds that it qualifies as a small company under the Companies Act 2006.

Turnover policy

Turnover represents the amount of invoiced sales exclusive of VAT.

Other accounting policies

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

Notes to the Abbreviated Accounts
for the Period Ended 31st May 2015

7. Debtors

All of the debtors are repayable within one year.

Notes to the Abbreviated Accounts
for the Period Ended 31st May 2015

8. Creditors: amounts falling due within one year

None of the creditors are secured.

Notes to the Abbreviated Accounts
for the Period Ended 31st May 2015

10. Called up share capital

Allotted, called up and paid


Current period			2015
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	100	1.00 1.00	100
Total share capital:			100

Ordinary shares comprise 70 ordinary shares, 25 A shares and five B shares. On 21 January 2014, one ordinary share was allotted, issued and fully paid for cash at par. On 18 February 2015, 69 ordinary shares, 25 A shares and five B shares were allotted, issued and fully paid for cash at par.

Notes to the Abbreviated Accounts
for the Period Ended 31st May 2015

12. Related party disclosures

Name of the ultimate controlling party during the period:	Precision Global Consulting Inc.
Name of related party:	Precision Global Consulting Inc.
Relationship:	Ultimated Holding Company
Description of the transaction:	Sales £186,198 Mgmt Services payable £12,875 Issued share capital £70 Net cash transfers £190,668
Balance at 21st January 2014	0
Balance at 31st May 2015	17,275
Name of related party:	David Bagheri
Relationship:	Director
Description of the transaction:	Dividends Paid : £16,667
Balance at 21st January 2014	0
Balance at 31st May 2015	0

PRECISION GLOBAL CONSULTING LIMITED Accounts filed on 31-05-2015