Global Partnership Europe Ltd Accounts

GLOBAL PARTNERSHIP EUROPE LTD - Company Information






Global Partnership Europe Ltd
	Company No. 09799804
		Information for Filing with The Registrar
		30 September 2017

The Directors present their report and the accounts for the year ended 30 September 2017.

Principal activities
The principal activity of the company during the year under review was training.




Directors

The Directors who served at any time during the year were as follows:

S.J. Baksh			(Resigned 12 July 2017)
P. Clarke


































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

P. Clarke
Director
19 December 2017

at	30 September 2017

Company No.		09799804	Notes	2017	2016
				£	£
Fixed assets

	Tangible assets		2	791	442


				791	442
Current assets

	Debtors		3	2,537	-

	Cash at bank and in hand			1,248	1,574
				3,785	1,574
Creditors: Amount falling due within one year			4	(2,525)	(1,772)
Net current assets/(liabilities)				1,260	(198)
Total assets less current liabilities				2,051	244




Net assets				2,051	244

Capital and reserves
	Called up share capital			4	4



	Profit and loss account		5	2,047	240

Total equity				2,051	244


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 September 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 19 December 2017

And signed on its behalf by:

P. Clarke
Director
19 December 2017

for the year ended 30 September 2017

Accounting policies

Basis of preparation

The accounts have been prepared 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) and the Companies Act 2006 . There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Taxation

Income tax expense represents the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

25% Reducing balance

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation
		At 1 October 2016	590	590
		Additions	612	612



		At 30 September 2017	1,202	1,202
		Depreciation
		At 1 October 2016	148	148
		Charge for the year	263	263



		At 30 September 2017	411	411
		Net book values
		At 30 September 2017	791	791
		At 30 September 2016	442	442

3	Debtors
			2017	2016
			£	£
		Trade debtors	2,537	-







			2,537	-

4	Creditors:
		amounts falling due within one year
			2017	2016
			£	£






		Corporation tax	789	-
		Other taxes and social security	893	1,292
		Loans from directors	10	-

		Accruals and deferred income	833	480
			2,525	1,772

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

6	Dividends
			2017	2016
			£	£
		Dividends for the period:
		Dividends paid in the period	2,000	-

			2,000	-

		Dividends by type:

		Equity dividends	2,000	-
			2,000	-

Related party disclosures

Controlling party

Immediate controlling party

No single party controls the company.

Additional information

Its registered number is:

09799804

Its registered office is:

Credcoll House

Marsh Lane

Leeds

LS9 8SR