GLOBAL_RUNWAY_LIMITED - Accounts

GLOBAL RUNWAY LIMITED - Company Information

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Company Registration No. 08736022 (England and Wales)

GLOBAL RUNWAY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2016

GLOBAL RUNWAY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

GLOBAL RUNWAY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2016

- 1 -

2016

2015

Notes

Current assets

Stocks

12,887

13,890

Cash at bank and in hand

764

1,275

13,651

15,165

Creditors: amounts falling due within one year

(16,769)

(16,296)

Total assets less current liabilities

(3,118)

(1,131)

Capital and reserves

Called up share capital

100

Profit and loss account

(3,218)

(1,231)

Shareholders' funds

(3,118)

(1,131)

For the financial year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 July 2017

Mr R E Hollinshead

Director

Company Registration No. 08736022

GLOBAL RUNWAY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 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).

The company is reliant on the ongoing support of its director to meet the day to day obligations of the company without which the company would cease to be a going concern.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

Stock

Stock is valued at the lower of cost and net realisable value.

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100