Global Communications Centre Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 05124043 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31ST MAY 2016

FOR

GLOBAL COMMUNICATIONS CENTRE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr. M A Osman

REGISTERED OFFICE:

59d St Stephens Road

Leicester

Leicestershire

LE2 1GH

REGISTERED NUMBER:

05124043 (England and Wales)

ACCOUNTANTS:

Watergates Ltd

109 Coleman Road

Leicester

LE5 4LE

FIXED ASSETS

Tangible assets

2

908

1,210

CURRENT ASSETS

Stocks

3,795

5,284

Cash at bank and in hand

7,944

5,770

11,739

11,054

CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

(1,901

)

(2,040

)

NET CURRENT ASSETS

9,838

9,014

TOTAL ASSETS LESS CURRENT
LIABILITIES

10,746

10,224

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

10,745

10,223

SHAREHOLDERS' FUNDS

10,746

10,224

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st May 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 2nd December 2016 and were signed by:

Mr. M A Osman - 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 turnover shown in the profit and loss account represents amounts invoiced during the year.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of

work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term

contracts and contracts for on-going services is recognised by reference to the stage of completion.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Equipment

-

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st June 2015

and 31st May 2016

3,507

DEPRECIATION

At 1st June 2015

2,297

Charge for year

302

At 31st May 2016

2,599

NET BOOK VALUE

At 31st May 2016

908

At 31st May 2015

1,210

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/5/16

31/5/15

value:

£

1

Ordinary

£1

1