Global Spirit Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05913000 (England and Wales)

Global Spirit Ltd

Abbreviated Unaudited Accounts for the Year Ended 31 August 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Certified Accountant's Report

5

DIRECTOR:

D J Atkinson

SECRETARY:

D J Atkinson

REGISTERED OFFICE:

110 Corve Street

Ludlow

Shropshire

SY8 1DJ

REGISTERED NUMBER:

05913000 (England and Wales)

ACCOUNTANT:

Dyke Ruscoe & Hayes Ltd

Chartered Certified Accountants

110 Corve Street

Ludlow

Shropshire

SY8 1DJ

FIXED ASSETS

Tangible assets

2

1,148

653

CURRENT ASSETS

Debtors

47,039

53,039

CREDITORS

Amounts falling due within one year

31,362

25,873

NET CURRENT ASSETS

15,677

27,166

TOTAL ASSETS LESS CURRENT LIABILITIES

16,825

27,819

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

16,823

27,817

SHAREHOLDERS' FUNDS

16,825

27,819

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 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 29 October 2014 and were signed by:

D J Atkinson - 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 April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

1,354

Additions

927

At 31 August 2014

2,281

DEPRECIATION

At 1 September 2013

701

Charge for year

432

At 31 August 2014

1,133

NET BOOK VALUE

At 31 August 2014

1,148

At 31 August 2013

653

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2014 and

31 August 2013:

2014

2013

£

£

D J Atkinson

Balance outstanding at start of year

47,063

10,994

Amounts advanced

73,913

45,626

Amounts repaid

(84,865

)

(9,557

)

Balance outstanding at end of year

36,111

47,063

No repayment terms have been set for the loan included within debtors. Interest was charged by the company at a

rate of 4% up to 5 April 2013.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial

statements of Global Spirit Ltd for the year ended 31 August 2014 which comprise the Profit and Loss Account, the

Balance Sheet, and the related notes from the company's accounting records and from information and explanations you

have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other

professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the director of Global Spirit Ltd in accordance with my terms of engagement. My work has

been undertaken solely to prepare for your approval the financial statements of Global Spirit Ltd and state those matters

that I have agreed to state to the director of Global Spirit Ltd in this report in accordance with the requirements of the

Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest

extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its director for

my work or for this report.

It is your duty to ensure that Global Spirit Ltd has kept adequate accounting records and to prepare statutory financial

statements that give a true and fair view of the assets, liabilities, financial position and profit of Global Spirit Ltd. You

consider that Global Spirit Ltd is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Global Spirit Ltd. For this

reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you

have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Dyke Ruscoe & Hayes Ltd

Chartered Certified Accountants

110 Corve Street

Ludlow

Shropshire

SY8 1DJ

29 October 2014