PEARL GLOBAL LIMITED - Filleted accounts

PEARL GLOBAL LIMITED - Filleted accounts

PEARL GLOBAL LIMITED - Company Information

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Registered number
07228835
PEARL GLOBAL LIMITED
Filleted Accounts
31 March 2017
PEARL GLOBAL LIMITED
Registered number: 07228835
Balance Sheet
as at 31 March 2017
Notes 2017 2016
£ £
Current assets
Debtors 2 13,152 1,914
Cash at bank and in hand 40,184 40,463
53,336 42,377
Creditors: amounts falling due within one year 3 (44,580) (38,919)
Net current assets 8,756 3,458
Net assets 8,756 3,458
Capital and reserves
Called up share capital 100 100
Profit and loss account 8,656 3,358
Shareholders' funds 8,756 3,458
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs M Parker
Director
Approved by the board on 14 December 2017
PEARL GLOBAL LIMITED
Notes to the Accounts
for the year ended 31 March 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Debtors 2017 2016
£ £
Trade debtors 13,152 1,914
3 Creditors: amounts falling due within one year 2017 2016
£ £
Trade creditors 5,110 1,887
Taxation and social security costs 7,129 6,706
Other creditors 32,341 30,326
44,580 38,919
4 Other information
PEARL GLOBAL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Felt Court
Windmill Lane Industrial Estate
Denton
Manchester
M34 3RB
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