Global Developments (UK) Limited - Abbreviated accounts 16.3

Global Developments (UK) Limited - Abbreviated accounts 16.3

GLOBAL DEVELOPMENTS (UK) LIMITED - Company Information

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REGISTERED NUMBER: 03663822















GLOBAL DEVELOPMENTS (UK) LIMITED

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2016






GLOBAL DEVELOPMENTS (UK) LIMITED (REGISTERED NUMBER: 03663822)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

GLOBAL DEVELOPMENTS (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2016







DIRECTORS: A Gilbert
Mrs N Gilbert





SECRETARY: A Gilbert





REGISTERED OFFICE: W H Prior
Railway Court
Doncaster
South Yorkshire
DN4 5FB





REGISTERED NUMBER: 03663822





ACCOUNTANTS: W H Prior
Chartered Certified Accountants
Railway Court
Off Ten Pound Walk
Doncaster
South Yorkshire
DN4 5FB
Page 1
GLOBAL DEVELOPMENTS (UK) LIMITED (REGISTERED NUMBER: 03663822)

ABBREVIATED BALANCE SHEET
31ST MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 49,556 42,060

CURRENT ASSETS
Stocks 326,144 99,970
Debtors 645,291 55,118
Cash at bank 110,229 2,703
1,081,664 157,791
CREDITORS
Amounts falling due within one year 924,337 106,019
NET CURRENT ASSETS 157,327 51,772
TOTAL ASSETS LESS CURRENT
LIABILITIES
206,883
93,832

CAPITAL AND RESERVES
Called up share capital 3 10 10
Profit and loss account 206,873 93,822
SHAREHOLDERS' FUNDS 206,883 93,832

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 14th November 2016 and were signed on its behalf
by:





A Gilbert - Director


The notes form part of these abbreviated accounts

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GLOBAL DEVELOPMENTS (UK) LIMITED (REGISTERED NUMBER: 03663822)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2016


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
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts
where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings - not provided
Plant and machinery etc - 25% on cost

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 April 2015 43,419
Additions 10,000
At 31st March 2016 53,419
DEPRECIATION
At 1st April 2015 1,359
Charge for year 2,504
At 31st March 2016 3,863
NET BOOK VALUE
At 31st March 2016 49,556
At 31st March 2015 42,060

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
10 Ordinary £1 10 10

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company has received a loan from Adam Gilbert, a director of the company. This loan is currently interest
free and unsecured. The loan amount outstanding at the year end was £12 (2015 :£12).

The company has received a loan from Nora Gilbert, a director of the company. This loan is currently interest
free and unsecured. The loan amount outstanding at the year end was £64,000 (2015: £65,000).

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