Abbreviated Company Accounts - GLOBAL PROMOTIONAL WEAR LTD

Abbreviated Company Accounts - GLOBAL PROMOTIONAL WEAR LTD

GLOBAL PROMOTIONAL WEAR LTD - Company Information

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Registered Number 03527656

GLOBAL PROMOTIONAL WEAR LTD

Abbreviated Accounts

31 March 2014

GLOBAL PROMOTIONAL WEAR LTD Registered Number 03527656

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 4,500 4,679
4,500 4,679
Current assets
Stocks 4,000 4,000
Cash at bank and in hand - 133
4,000 4,133
Creditors: amounts falling due within one year (39,965) (43,566)
Net current assets (liabilities) (35,965) (39,433)
Total assets less current liabilities (31,465) (34,754)
Total net assets (liabilities) (31,465) (34,754)
Capital and reserves
Called up share capital 100 100
Profit and loss account (31,565) (34,854)
Shareholders' funds (31,465) (34,754)
  • For the year ending 31 March 2014 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 22 November 2014

And signed on their behalf by:
Andrew Pemberton, Director

GLOBAL PROMOTIONAL WEAR LTD Registered Number 03527656

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The total turnover of the company for the year has been derived from its principal activity wholley undertaken in the UK

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate
FF & Equipment 25% Straight line

2Tangible fixed assets
£
Cost
At 1 April 2013 8,022
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 8,022
Depreciation
At 1 April 2013 3,343
Charge for the year 179
On disposals -
At 31 March 2014 3,522
Net book values
At 31 March 2014 4,500
At 31 March 2013 4,679