Abbreviated Company Accounts - ONE GIANT GIG FOR MANKIND LTD

Abbreviated Company Accounts - ONE GIANT GIG FOR MANKIND LTD

ONE GIANT GIG FOR MANKIND LTD - Company Information

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Registered Number 07971532

ONE GIANT GIG FOR MANKIND LTD

Abbreviated Accounts

29 March 2015

ONE GIANT GIG FOR MANKIND LTD Registered Number 07971532

Abbreviated Balance Sheet as at 29 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 2,388 3,579
Investments 3 1 -
2,389 3,579
Current assets
Debtors 29,887 70,535
Cash at bank and in hand 7 2,459
29,894 72,994
Net current assets (liabilities) 29,894 72,994
Total assets less current liabilities 32,283 76,573
Creditors: amounts falling due after more than one year (177,177) (153,090)
Total net assets (liabilities) (144,894) (76,517)
Capital and reserves
Called up share capital 9,850 9,800
Share premium account 947,850 897,900
Profit and loss account (1,102,594) (984,217)
Shareholders' funds (144,894) (76,517)
  • For the year ending 29 March 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 31 March 2016

And signed on their behalf by:
John Simidian, Director

ONE GIANT GIG FOR MANKIND LTD Registered Number 07971532

Notes to the Abbreviated Accounts for the period ended 29 March 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
Revenue is recognised as earned income when, and to the extent that, the company obtains the right to consideration in exchange for the services it has provided.

Tangible assets depreciation policy
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 25% Straight line
Fixtures, fittings & equipment 25% Straight line

2Tangible fixed assets
£
Cost
At 31 March 2014 4,761
Additions -
Disposals -
Revaluations -
Transfers -
At 29 March 2015 4,761
Depreciation
At 31 March 2014 1,182
Charge for the year 1,191
On disposals -
At 29 March 2015 2,373
Net book values
At 29 March 2015 2,388
At 30 March 2014 3,579

3Fixed assets Investments
Fixed asset investments are stated at cost less provision for diminution in value.