GLOBAL PREMIUM SPIRITS LTD

GLOBAL PREMIUM SPIRITS LTD

GLOBAL PREMIUM SPIRITS LTD - Company Information

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Acorah Software Products - Accounts Production 6.0.041 false No description of principal activity Elena PUSTOVOYTOVA and Andrey SOKOLOV false 1 April 2016 31 March 2017 31 March 2017 07053284 iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07053284 2016-03-31 07053284 2017-03-31 07053284 2016-04-01 2017-03-31 07053284 frs-core:CurrentFinancialInstruments 2017-03-31 07053284 frs-core:CurrentFinancialInstruments 2016-04-01 2017-03-31 07053284 frs-core:Non-currentFinancialInstruments 2017-03-31 07053284 frs-core:Non-currentFinancialInstruments 2016-04-01 2017-03-31 07053284 frs-core:CurrentFinancialInstruments 2016-04-01 2017-03-31 07053284 frs-core:CurrentFinancialInstruments 2017-03-31 07053284 frs-core:AfterOneYear 2016-04-01 2017-03-31 07053284 frs-core:BetweenOneFiveYears 2016-04-01 2017-03-31 07053284 frs-core:BetweenOneFiveYears 2017-03-31 07053284 frs-core:ComputerEquipment 2017-03-31 07053284 frs-core:ComputerEquipment 2016-04-01 2017-03-31 07053284 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Registered number: 07053284
GLOBAL PREMIUM SPIRITS LTD
Financial Statements
For The Year Ended 31 March 2017
GLOBAL PREMIUM SPIRITS LTD
Unaudited Financial Statements
For The Year Ended 31 March 2017
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Statement of Changes in Equity 3
Notes to the Financial Statements 4—5
GLOBAL PREMIUM SPIRITS LTD
Balance Sheet
As at 31 March 2017
Balance Sheet
Registered number: 07053284
2017 2016
Notes £ £ £ £
CURRENT ASSETS
Stocks 3 416,057 416,057
Debtors 4 584 17,903
Cash at bank and in hand 4,340 490
420,981 434,450
Creditors: Amounts Falling Due Within One Year 5 (486,869 ) (494,835 )
NET CURRENT ASSETS (LIABILITIES) (65,888 ) (60,385 )
TOTAL ASSETS LESS CURRENT LIABILITIES (65,888 ) (60,385 )
NET ASSETS (65,888 ) (60,385 )
CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Profit and loss account (66,888 ) (61,385 )
SHAREHOLDERS' FUNDS (65,888) (60,385)
For the year ending 31 March 2017 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
  • The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account
On behalf of the board
Ms ELENA PUSTOVOYTOVA
05/12/2017
Page 1
GLOBAL PREMIUM SPIRITS LTD
Balance Sheet (continued)
As at 31 March 2017

The notes on pages 4 to 5 form part of these financial statements.
Page 2
GLOBAL PREMIUM SPIRITS LTD
Statement of Changes in Equity
For The Year Ended 31 March 2017
Statement of Changes in Equity
Share Capital Profit & Loss Account Total
£ £ £
As at 1 April 2015 1,000 (51,460 ) (50,460)
Loss for the year and total comprehensive income - (9,925 ) (9,925)
As at 31 March 2016 and 1 April 2016 1,000 (61,385 ) (60,385)
Loss for the year and total comprehensive income - (5,503 ) (5,503)
As at 31 March 2017 1,000 (66,888 ) (65,888)
Page 3
GLOBAL PREMIUM SPIRITS LTD
Notes to the Unaudited Accounts
For The Year Ended 31 March 2017
Notes to the Unaudited Accounts
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.3. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3. Stocks
2017 2016
£ £
Stock - materials 416,057 416,057
416,057 416,057
4. Debtors
2017 2016
£ £
Due within one year
Trade debtors - (13,437 )
Other debtors - 31,172
VAT 584 168
584 17,903
5. Creditors: Amounts Falling Due Within One Year
2017 2016
£ £
Trade creditors 13,437 -
Directors' loan accounts 473,432 494,835
486,869 494,835
6. Share Capital
Value Number 2017 2016
Allotted, called up and fully paid £ £ £
Ordinary shares 1.000 1000 1,000 1,000
Page 4
GLOBAL PREMIUM SPIRITS LTD
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 March 2017
7. Controlling Party
The company's controlling parties are Elena PUSTOVOYTOVA and Andrey SOKOLOV by virtue of their ownership controlling 50% by each sharesholder of the issued share capital in the company.
8. General Information
GLOBAL PREMIUM SPIRITS LTD Registered number 07053284 is a limited by shares company incorporated in England & Wales. The Registered Office is SUITE 12 2ND FLOOR QUEENS HOUSE , 180 TOTTENHAM COURT ROAD , LONDON , W1T 7PD.
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