Globetec Management Solutions Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08911661 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 25 February 2014 to 30 September 2014

for

Globetec Management Solutions Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G K Scott

K Scott

S Scott

REGISTERED OFFICE:

2nd Floor, Yoden House

30 Yoden Way

Peterlee

Co. Durham

SR8 1AL

REGISTERED NUMBER:

08911661 (England and Wales)

ACCOUNTANTS:

Christopher Bailey

Yoden House

30 Yoden Way

Peterlee

Co. Durham

SR8 1AL

CURRENT ASSETS

Debtors

158,446

Cash at bank

286,496

444,942

CREDITORS

Amounts falling due within one year

(281,287

)

NET CURRENT ASSETS

163,655

TOTAL ASSETS LESS CURRENT LIABILITIES

163,655

CAPITAL AND RESERVES

Called up share capital

2

11

Profit and loss account

163,644

SHAREHOLDERS' FUNDS

163,655

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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 22 July 2015 and were signed on its behalf by:

G K Scott - 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 services, excluding value added tax.

Deferred tax

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

sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

11

Ordinary

£1

11

11 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 September 2014:

£

G K Scott

Balance outstanding at start of period

-

Amounts advanced

158,876

Amounts repaid

(33,000

)

Balance outstanding at end of period

125,876

K Scott

Balance outstanding at start of period

-

Amounts advanced

22,502

Amounts repaid

(11,000

)

Balance outstanding at end of period

11,502

S Scott

Balance outstanding at start of period

-

Amounts advanced

22,502

Amounts repaid

(11,000

)

Balance outstanding at end of period

11,502