Abbreviated Company Accounts - GLOBAL TEXTILES LIMITED

Abbreviated Company Accounts - GLOBAL TEXTILES LIMITED

GLOBAL TEXTILES LIMITED - Company Information

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Registered Number 04812533

GLOBAL TEXTILES LIMITED

Abbreviated Accounts

31 March 2016

GLOBAL TEXTILES LIMITED Registered Number 04812533

Abbreviated Balance Sheet as at 31 March 2016

Notes 31/03/2016 30/06/2015
£ £
Fixed assets
Intangible assets 2 8,536 9,113
Tangible assets 3 28,496 35,769
37,032 44,882
Current assets
Debtors - 33
Cash at bank and in hand 889 959
889 992
Creditors: amounts falling due within one year (13,403) (8,755)
Net current assets (liabilities) (12,514) (7,763)
Total assets less current liabilities 24,518 37,119
Accruals and deferred income (334) -
Total net assets (liabilities) 24,184 37,119
Capital and reserves
Called up share capital 2 2
Profit and loss account 24,182 37,117
Shareholders' funds 24,184 37,119
  • 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 17 November 2016

And signed on their behalf by:
J D HUDSTON, Director

GLOBAL TEXTILES LIMITED Registered Number 04812533

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 July 2015 12,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 12,000
Amortisation
At 1 July 2015 2,887
Charge for the year 577
On disposals -
At 31 March 2016 3,464
Net book values
At 31 March 2016 8,536
At 30 June 2015 9,113
3Tangible fixed assets
£
Cost
At 1 July 2015 52,105
Additions 422
Disposals -
Revaluations -
Transfers -
At 31 March 2016 52,527
Depreciation
At 1 July 2015 16,336
Charge for the year 7,695
On disposals -
At 31 March 2016 24,031
Net book values
At 31 March 2016 28,496
At 30 June 2015 35,769