Abbreviated Company Accounts - GULF CONNECT CAPITAL LIMITED

Abbreviated Company Accounts - GULF CONNECT CAPITAL LIMITED

SPONSORCIRCLE LIMITED - Company Information

Print Friendly Version

Registered Number 07206520

GULF CONNECT CAPITAL LIMITED

Abbreviated Accounts

31 March 2016

GULF CONNECT CAPITAL LIMITED Registered Number 07206520

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 212,542 211,875
Tangible assets 3 1,899 549
214,441 212,424
Current assets
Debtors 7,446 14,999
Cash at bank and in hand 29,895 37,659
37,341 52,658
Creditors: amounts falling due within one year (16,093) (10,099)
Net current assets (liabilities) 21,248 42,559
Total assets less current liabilities 235,689 254,983
Total net assets (liabilities) 235,689 254,983
Capital and reserves
Called up share capital 200,000 200,000
Profit and loss account 35,689 54,983
Shareholders' funds 235,689 254,983
  • For the year ending 31 March 2016 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 21 July 2016

And signed on their behalf by:
AD KYPRIANOU, Director

GULF CONNECT CAPITAL LIMITED Registered Number 07206520

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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.

2Intangible fixed assets
£
Cost
At 1 April 2015 211,875
Additions 667
Disposals -
Revaluations -
Transfers -
At 31 March 2016 212,542
Amortisation
At 1 April 2015 -
Charge for the year -
On disposals -
At 31 March 2016 -
Net book values
At 31 March 2016 212,542
At 31 March 2015 211,875
3Tangible fixed assets
£
Cost
At 1 April 2015 941
Additions 2,140
Disposals -
Revaluations -
Transfers -
At 31 March 2016 3,081
Depreciation
At 1 April 2015 392
Charge for the year 790
On disposals -
At 31 March 2016 1,182
Net book values
At 31 March 2016 1,899
At 31 March 2015 549