Global Airport Concierge Ltd - Accounts to registrar (filleted) - small 18.2

Global Airport Concierge Ltd - Accounts to registrar (filleted) - small 18.2

GLOBAL AIRPORT CONCIERGE LTD - Company Information

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REGISTERED NUMBER: 07786429 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

FOR

GLOBAL AIRPORT CONCIERGE LTD
GLOBAL AIRPORT CONCIERGE LTD (REGISTERED NUMBER: 07786429)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020




Page

Balance Sheet 1

Notes to the Financial Statements 3


GLOBAL AIRPORT CONCIERGE LTD (REGISTERED NUMBER: 07786429)

BALANCE SHEET
30 SEPTEMBER 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 49,698 -
Tangible assets 5 28,376 35,360
78,074 35,360

CURRENT ASSETS
Debtors 6 86,802 140,217
Cash at bank 205,545 357,825
292,347 498,042
CREDITORS
Amounts falling due within one year 7 449,326 495,963
NET CURRENT (LIABILITIES)/ASSETS (156,979 ) 2,079
TOTAL ASSETS LESS CURRENT
LIABILITIES
(78,905
)
37,439

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (79,005 ) 37,339
SHAREHOLDERS' FUNDS (78,905 ) 37,439

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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 notes form part of these financial statements

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GLOBAL AIRPORT CONCIERGE LTD (REGISTERED NUMBER: 07786429)

BALANCE SHEET - continued
30 SEPTEMBER 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2021 and were signed on its behalf by:





Mrs Lynn Morby - Director


The notes form part of these financial statements

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GLOBAL AIRPORT CONCIERGE LTD (REGISTERED NUMBER: 07786429)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020

1. STATUTORY INFORMATION

Global Airport Concierge Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07786429

Registered office: Brook Palace Baghsot Road
Chobham Woking
London
GU24 8SJ

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on a going concern basis not withstanding the company's net liability position as at the year end. Having reviewed the company's cash flow forecasts for the next 12 months, the directors consider that the company has sufficient headroom to meet its financial obligations and liabilities as they fall due for the foreseeable future. Accordingly they have prepared the financial statements on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Computer equipment - 33.33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


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GLOBAL AIRPORT CONCIERGE LTD (REGISTERED NUMBER: 07786429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2020

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2019 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 59,034
At 30 September 2020 59,034
AMORTISATION
Charge for year 9,336
At 30 September 2020 9,336
NET BOOK VALUE
At 30 September 2020 49,698

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GLOBAL AIRPORT CONCIERGE LTD (REGISTERED NUMBER: 07786429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2020

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2019
and 30 September 2020 41,560 17,597 59,157
DEPRECIATION
At 1 October 2019 9,028 14,769 23,797
Charge for year 4,156 2,828 6,984
At 30 September 2020 13,184 17,597 30,781
NET BOOK VALUE
At 30 September 2020 28,376 - 28,376
At 30 September 2019 32,532 2,828 35,360

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 39,117 53,873
Amounts owed by connected companies 1,057 32,581
Other debtors 46,628 53,763
86,802 140,217

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 204,478 224,346
Amounts owed to connected companies 3,120 -
Taxation and social security 35,189 15,950
Other creditors 206,539 255,667
449,326 495,963

8. RELATED PARTY DISCLOSURES

Included within debtors as at the year end is £1,057 (2019: £Nil), an amount owed from Weighsense Limited, a company where Lynn Morby is also a director. The amount owed is unsecured and there are no fixed terms of repayment.

Included within creditors as at the year end is £3,120 (2019: £32,581 owed from), an amount owed to Miss Jones PA Limited, a company where Lynn Morby is also a director. The amount owed is unsecured and there are no fixed terms of repayment.

Included within creditors as at the year end is £188,935 (2019: £208,617), an amount owed to the director of the company. The amount owed is interest free and with no fixed repayment terms.

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