GLOBAL_INSIGHT_CONFERENCE - Accounts

GLOBAL INSIGHT CONFERENCES LIMITED - Company Information

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Company Registration No. 07295108 (England and Wales)

GLOBAL INSIGHT CONFERENCES LTD

ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2015

GLOBAL INSIGHT CONFERENCES LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

GLOBAL INSIGHT CONFERENCES LTD

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

9,033

7,931

Current assets

Debtors

216,118

106,496

Cash at bank and in hand

595,766

393,082

811,884

499,578

Creditors: amounts falling due within one year

(584,127)

(284,248)

Net current assets

227,757

215,330

Total assets less current liabilities

236,790

223,261

Provisions for liabilities

(1,807)

(1,586)

234,983

221,675

Capital and reserves

Called up share capital

Profit and loss account

234,981

221,673

Shareholders' funds

234,983

221,675

For the financial year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 20 October 2015

J Kinsey

E Jones

Director

Company Registration No. 07295108

GLOBAL INSIGHT CONFERENCES LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33% straight line

Fixtures, fittings & equipment

33% straight line

1.4

Deferred taxation

Deferred tax is recognised in respect of all timing differences which have originated but not reversed at the balance sheet date. Timing differences are differences between taxable profits and the results as stated in the financial statements which arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is measured at the average tax rates which are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws which have been enacted or substantively enacted by the balance sheet date. Deferred tax is measured on a non - discounted basis.

Fixed assets

Tangible assets

Cost

At 1 July 2014

14,110

Additions

5,836

At 30 June 2015

19,946

Depreciation

At 1 July 2014

6,179

Charge for the year

4,734

At 30 June 2015

10,913

Net book value

At 30 June 2015

9,033

At 30 June 2014

7,931

GLOBAL INSIGHT CONFERENCES LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary shares of £1 each