Abbreviated Company Accounts - GLOBAL GENERATION

Registered Number 05052045

GLOBAL GENERATION

Abbreviated Accounts

31 March 2014

GLOBAL GENERATION Registered Number 05052045

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	3	10,585	10,182
		10,585	10,182
Current assets
Debtors		14,863	24,064
Cash at bank and in hand		135,624	136,488
		150,487	160,552
Prepayments and accrued income		6,620	1,695
Creditors: amounts falling due within one year		(28,418)	(4,206)
Net current assets (liabilities)		128,689	158,041
Total assets less current liabilities		139,274	168,223
Total net assets (liabilities)		139,274	168,223
Reserves
Other reserves		16,463	27,533
Income and expenditure account		122,811	140,690
Members' funds		139,274	168,223

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 17 December 2014

And signed on their behalf by:
Anthony Buckland, Director

GLOBAL GENERATION Registered Number 05052045

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
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.
(i) Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable.
(ii) Grants receivable are recognised when the charity becomes unconditionally entitled to the grant.
(iii) Donated services and facilities are included at the value to the charity where this can be quantified.
(iv) The value of services provided by volunteers has not been included in these accounts.

Tangible assets depreciation policy
Tangible fixed assets costing over £250 (including any incidental expenses of acquisition) are capitalized. Depreciation is provided at rates calculated to write off the cost on a straight line basis over their expected useful economic life. The rate of depreciation is 331/3 % per annum for all assets.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets

	£
Cost
At 1 April 2013	33,502
Additions	9,785
Disposals	0
Revaluations	0
Transfers	0
At 31 March 2014	43,287
Depreciation
At 1 April 2013	23,320
Charge for the year	9,382
On disposals	0
At 31 March 2014	32,702
Net book values
At 31 March 2014	10,585
At 31 March 2013	10,182