Abbreviated Company Accounts - GLOBAL BUSINESS MANAGEMENT SOLUTION LIMITED

GLOBAL BUSINESS MANAGEMENT SOLUTION LIMITED - Company Information

07687032 GLOBAL BUSINESS MANAGEMENT SOLUTION LIMITED 2016-06-30 false 2015-07-01 2016-06-30 true 07687032 2015-07-01 2016-06-30 07687032 2016-06-30 07687032 2015-06-30 07687032 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 07687032 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number 07687032

GLOBAL BUSINESS MANAGEMENT SOLUTION LIMITED

Abbreviated Accounts

30 June 2016

GLOBAL BUSINESS MANAGEMENT SOLUTION LIMITED Registered Number 07687032

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	2,048	2,685
Tangible assets	3	5,735	7,544
		7,783	10,229
Current assets
Debtors		1,000	1,000
		1,000	1,000
Creditors: amounts falling due within one year		(24,586)	(26,340)
Net current assets (liabilities)		(23,586)	(25,340)
Total assets less current liabilities		(15,803)	(15,111)
Total net assets (liabilities)		(15,803)	(15,111)
Capital and reserves
Called up share capital	4	5	5
Profit and loss account		(15,808)	(15,116)
Shareholders' funds		(15,803)	(15,111)

For the year ending 30 June 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 13 December 2016

And signed on their behalf by:
Mr OLAWALE ALLEY-ADIAT, Director

GLOBAL BUSINESS MANAGEMENT SOLUTION LIMITED Registered Number 07687032

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings 5 Year Straight Line Method
Computer Equipment 5 Year Straight Line Method

Intangible assets amortisation policy
Other intangible assets are operators licence & website. It is amortised to profit and loss account over its estimated economic life of 5 & 10 years respectively.

2Intangible fixed assets

	£
Cost
At 1 July 2015	5,160
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	5,160
Amortisation
At 1 July 2015	2,475
Charge for the year	637
On disposals	-
At 30 June 2016	3,112
Net book values
At 30 June 2016	2,048
At 30 June 2015	2,685

3Tangible fixed assets

	£
Cost
At 1 July 2015	9,044
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	9,044
Depreciation
At 1 July 2015	1,500
Charge for the year	1,809
On disposals	-
At 30 June 2016	3,309
Net book values
At 30 June 2016	5,735
At 30 June 2015	7,544

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
5 Ordinary shares of £1 each	5	5