Global Machinery Services (SPC) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07139401 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 January 2016

for

Global Machinery Services (SPC) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G P Shrimpton

P H Cook

REGISTERED OFFICE:

C/O Steven Burton & Co Ltd

Broomfield Park, Coggeshall Road

Earls Colne

Colchester

Essex

CO6 2JX

REGISTERED NUMBER:

07139401 (England and Wales)

ACCOUNTANTS:

Steven Burton & Co Limited

Broomfield Park

Coggeshall Road

Earls Colne

Colchester

Essex

CO6 2JX

FIXED ASSETS

Tangible assets

2

733

978

Investments

3

1

734

979

CURRENT ASSETS

Stocks

1,000

500

Debtors

11,224

12,106

Cash at bank

52,225

63,572

64,449

76,178

CREDITORS

Amounts falling due within one year

24,945

42,214

NET CURRENT ASSETS

39,504

33,964

TOTAL ASSETS LESS CURRENT
LIABILITIES

40,238

34,943

PROVISIONS FOR LIABILITIES

147

196

NET ASSETS

40,091

34,747

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

39,091

33,747

SHAREHOLDERS' FUNDS

40,091

34,747

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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 28 October 2016 and were signed on its behalf by:

G P Shrimpton - 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 January 2015).

Turnover

The company's turnover represents the value, excluding value added tax, of goods and services supplied to

customers during the year.

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

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

and 31 January 2016

2,081

DEPRECIATION

At 1 February 2015

1,103

Charge for year

245

At 31 January 2016

1,348

NET BOOK VALUE

At 31 January 2016

733

At 31 January 2015

978

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 February 2015

and 31 January 2016

1

NET BOOK VALUE

At 31 January 2016

1

At 31 January 2015

1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Essex Machine Tools Limited

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

31.12.15

31.12.14

£

Aggregate capital and reserves

1

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.1.15

value:

£

1,000

Ordinary

£1

1,000