GLOBAL_INSIGHT_CONFERENCE - Accounts

GLOBAL INSIGHT CONFERENCES LIMITED - Company Information

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Company Registration No. 07295108 (England and Wales)

GLOBAL INSIGHT CONFERENCES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

GLOBAL INSIGHT CONFERENCES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

GLOBAL INSIGHT CONFERENCES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

8,775

9,033

Current assets

Debtors

244,956

216,118

Cash at bank and in hand

669,249

595,766

914,205

811,884

Creditors: amounts falling due within one year

(692,166)

(584,127)

Net current assets

222,039

227,757

Total assets less current liabilities

230,814

236,790

Provisions for liabilities

(1,755)

(1,807)

229,059

234,983

Capital and reserves

Called up share capital

Profit and loss account

229,057

234,981

Shareholders' funds

229,059

234,983

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 28 March 2017

J Kinsey

E Jones

Director

Company Registration No. 07295108

GLOBAL INSIGHT CONFERENCES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 2 -

Accounting policies

1.1

Accounting convention

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

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33% straight line

Fixtures, fittings & equipment

33% straight line

1.4

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.5

Deferred taxation

Deferred tax is recognised in respect of all timing differences which have originated but not reversed at the balance sheet date. Timing differences are differences between taxable profits and the results as stated in the financial statements which arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is measured at the average tax rates which are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws which have been enacted or substantively enacted by the balance sheet date. Deferred tax is measured on a non - discounted basis.

GLOBAL INSIGHT CONFERENCES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 July 2015

19,946

Additions

5,293

At 30 June 2016

25,239

Depreciation

At 1 July 2015

10,912

Charge for the period

5,552

At 30 June 2016

16,464

Net book value

At 30 June 2016

8,775

At 30 June 2015

9,033

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary shares of £1 each