Abbreviated Company Accounts - GLOBAL NETCOM SERVICES LIMITED

Abbreviated Company Accounts - GLOBAL NETCOM SERVICES LIMITED

GLOBAL NETCOM SERVICES LIMITED - Company Information

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Registered Number NI058086

GLOBAL NETCOM SERVICES LIMITED

Abbreviated Accounts

28 February 2015

GLOBAL NETCOM SERVICES LIMITED Registered Number NI058086

Abbreviated Balance Sheet as at 28 February 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 466 583
466 583
Current assets
Debtors 70,226 70,226
Cash at bank and in hand 1,375 733
71,601 70,959
Creditors: amounts falling due within one year (90,677) (85,824)
Net current assets (liabilities) (19,076) (14,865)
Total assets less current liabilities (18,610) (14,282)
Total net assets (liabilities) (18,610) (14,282)
Capital and reserves
Called up share capital 2 2
Profit and loss account (18,612) (14,284)
Shareholders' funds (18,610) (14,282)
  • For the year ending 28 February 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.

Approved by the Board on 27 November 2015

And signed on their behalf by:
Colin Keyes, Director

GLOBAL NETCOM SERVICES LIMITED Registered Number NI058086

Notes to the Abbreviated Accounts for the period ended 28 February 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 20% reducing balance

2Tangible fixed assets
£
Cost
At 1 March 2014 3,652
Additions -
Disposals -
Revaluations -
Transfers -
At 28 February 2015 3,652
Depreciation
At 1 March 2014 3,069
Charge for the year 117
On disposals -
At 28 February 2015 3,186
Net book values
At 28 February 2015 466
At 28 February 2014 583