Global Auction Network Ltd - Period Ending 2014-03-31
Global Auction Network Ltd - Period Ending 2014-03-31
Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Global Auction Network Ltd
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.
Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Global Auction Network Ltd
for the Year Ended 31 March 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Global Auction Network Ltd for the year ended 31 March 2014 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html .
This report is made solely to the Board of Directors of [Global Auction Network Ltd], as a body, in accordance with the terms of our engagement letter[dated [8 December 2014]]. Our work has been undertaken solely to prepare for your approval the accounts of [Global Auction Network Ltd] and state those matters that we have agreed to state to them, as a body, in this report in accordance with [AAF 2/10 as detailed at icaew.com/compilation] the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than [Global Auction Network Ltd] and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Global Auction Network Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Global Auction Network Ltd. You consider that Global Auction Network Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Global Auction Network Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Moneypad Limited
Chartered certified accountants
Queen Anne House
Bridge Road
Bagshot
Surrey
GU19 5AT
8 December 2014
Global Auction Network Ltd
(Registration number: 7279751)
Abbreviated Balance Sheet at 31 March 2014
Note |
2014
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2013
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Current assets |
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Debtors |
- |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Total assets less current liabilities |
( |
( |
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Creditors: Amounts falling due after more than one year |
( |
- |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' deficit |
( |
( |
Approved by the director on
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Mr Kenneth Charles Gunbie
Director
2
Global Auction Network Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued
Accounting policies |
Basis of preparation
Going concern
After making enquiries and reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director considers the going concern basis to be appropriate and continues to adopt this basis in preparing the annual report and financial statements.
Turnover
Share capital |
Allotted, called up and fully paid shares
2014 |
2013 |
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No. |
£ |
No. |
£ |
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