Abbreviated Company Accounts - GLOBAL GENERATION

Registered Number 05052045

GLOBAL GENERATION

Abbreviated Accounts

31 March 2016

GLOBAL GENERATION Registered Number 05052045

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	3	21,458	7,776
		21,458	7,776
Current assets
Debtors		43,494	54,914
Cash at bank and in hand		76,487	89,286
		119,981	144,200
Creditors: amounts falling due within one year		(40,452)	(19,679)
Net current assets (liabilities)		79,529	124,521
Total assets less current liabilities		100,987	132,297
Total net assets (liabilities)		100,987	132,297
Reserves
Other reserves		27,267	14,931
Income and expenditure account		73,720	117,366
Members' funds		100,987	132,297

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 22 November 2016

And signed on their behalf by:
Claire Pape, Director

GLOBAL GENERATION Registered Number 05052045

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.

Turnover policy
All income is included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.

Tangible assets depreciation policy
Tangible fixed assets costing over £250 (including any incidental expenses of acquisition) are capitalized. Depreciation is provided at rates calculated to write off the cost on a straight line basis over their expected useful economic life. The rate of depreciation is 331/3 % per annum for all assets.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets

	£
Cost
At 1 April 2015	50,060
Additions	28,801
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	78,861
Depreciation
At 1 April 2015	42,284
Charge for the year	15,119
On disposals	-
At 31 March 2016	57,403
Net book values
At 31 March 2016	21,458
At 31 March 2015	7,776

Tangible fixed assets costing over £250 (including any incidental expenses of acquisition) are capitalized. Depreciation is provided at rates calculated to write off the cost on a straight line basis over their expected useful economic life. The rate of depreciation is 331/3 % per annum for all assets.