Globexair Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08250167 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2015

for

Globexair Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D Wade

P Wigmore

SECRETARY:

REGISTERED OFFICE:

3 Skyport Drive

Harmondsworth

West Drayton

Middlesex

UB7 0LB

REGISTERED NUMBER:

08250167 (England and Wales)

ACCOUNTANTS:

Alexander Michael

5-7 High Street

Sunninghill

Ascot

Berkshire

SL5 9NQ

FIXED ASSETS

Tangible assets

2

45,666

46,804

CURRENT ASSETS

Debtors

222,342

40,811

Cash at bank and in hand

26,951

39,624

249,293

80,435

CREDITORS

Amounts falling due within one year

168,188

96,869

NET CURRENT ASSETS/(LIABILITIES)

81,105

(16,434

)

TOTAL ASSETS LESS CURRENT LIABILITIES

126,771

30,370

PROVISIONS FOR LIABILITIES

6,170

4,634

NET ASSETS

120,601

25,736

CAPITAL AND RESERVES

Called up share capital

3

200

100

Profit and loss account

120,401

25,636

SHAREHOLDERS' FUNDS

120,601

25,736

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 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 12 February 2016 and were signed on its behalf by:

P Wigmore - 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 goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 25% on cost

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

61,786

Additions

18,500

Disposals

(3,000

)

At 31 October 2015

77,286

DEPRECIATION

At 1 November 2014

14,982

Charge for year

17,388

Eliminated on disposal

(750

)

At 31 October 2015

31,620

NET BOOK VALUE

At 31 October 2015

45,666

At 31 October 2014

46,804

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.15

31.10.14

value:

£

£

200

Ordinary

£1

200

100