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GLOBAL COMPETITIVE EDGE LIMITED |
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Registered number: |
02461183 |
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Abbreviated Balance Sheet |
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as at 31 March 2016 |
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Notes |
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2016 |
|
|
2015 |
£ |
£ |
|
Fixed assets |
|
Tangible assets |
2 |
|
|
7,448 |
|
|
9,930 |
|
Investments |
3 |
|
|
40,000 |
|
|
40,000 |
|
|
|
|
|
47,448 |
|
|
49,930 |
|
|
Current assets |
|
Debtors |
|
|
40,560 |
|
|
20,938 |
|
Cash at bank and in hand |
|
|
6,816 |
|
|
33,656 |
|
|
|
|
47,376 |
|
|
54,594 |
|
|
Creditors: amounts falling due within one year |
|
|
(51,105) |
|
|
(45,230) |
|
|
Net current (liabilities)/assets |
|
|
|
(3,729) |
|
|
9,364 |
|
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Net assets |
|
|
|
43,719 |
|
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59,294 |
|
|
|
|
|
|
|
|
|
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Capital and reserves |
|
Called up share capital |
4 |
|
|
2 |
|
|
2 |
|
Profit and loss account |
|
|
|
43,717 |
|
|
59,292 |
|
|
Shareholders' funds |
|
|
|
43,719 |
|
|
59,294 |
|
|
|
|
|
|
|
|
|
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
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The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
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|
|
|
A.J. Purton Esq. |
|
Director |
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Approved by the board on 31 May 2016 |
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GLOBAL COMPETITIVE EDGE LIMITED |
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Notes to the Abbreviated Accounts |
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for the year ended 31 March 2016 |
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1 |
Accounting policies |
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|
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
|
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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. |
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|
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Depreciation |
|
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Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
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Plant and machinery |
25% reducing balance |
|
|
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Pensions |
|
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The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
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|
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2 |
Tangible fixed assets |
£ |
|
|
|
Cost |
|
|
At 1 April 2015 |
15,498 |
|
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At 31 March 2016 |
15,498 |
|
|
|
|
|
|
|
|
|
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Depreciation |
|
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At 1 April 2015 |
5,568 |
|
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Charge for the year |
2,482 |
|
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At 31 March 2016 |
8,050 |
|
|
|
|
|
|
|
|
|
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Net book value |
|
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At 31 March 2016 |
7,448 |
|
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At 31 March 2015 |
9,930 |
|
|
|
|
|
|
|
|
|
|
3 |
Investments |
£ |
|
|
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Cost |
|
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At 1 April 2015 |
40,000 |
|
|
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At 31 March 2016 |
40,000 |
|
|
|
|
|
|
|
|
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4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
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Allotted, called up and fully paid: |
|
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Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
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