Abbreviated Company Accounts - GLOBAL HARVEST LIMITED

GLOBAL HARVEST LIMITED - Company Information

07139277 GLOBAL HARVEST LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 07139277 2013-04-01 2014-03-31 07139277 2014-03-31 07139277 2013-03-31 07139277 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 07139277 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director3 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director3 2014-03-31 uk-gaap-cd-bus:Director3 2013-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 07139277

GLOBAL HARVEST LIMITED

Abbreviated Accounts

31 March 2014

GLOBAL HARVEST LIMITED Registered Number 07139277

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	5,681	5,277
		5,681	5,277
Current assets
Stocks		8,500	9,334
Debtors		28,360	14,775
Cash at bank and in hand		1,377	6,342
		38,237	30,451
Creditors: amounts falling due within one year		(39,101)	(30,071)
Net current assets (liabilities)		(864)	380
Total assets less current liabilities		4,817	5,657
Total net assets (liabilities)		4,817	5,657
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		4,717	5,557
Shareholders' funds		4,817	5,657

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 19 December 2014

And signed on their behalf by:
David Mason, Director

GLOBAL HARVEST LIMITED Registered Number 07139277

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
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 25% straight line
Motor vehicles - 25% straight line

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transaction. All differences are taken to the Profit and Loss account.

2Tangible fixed assets

	£
Cost
At 1 April 2013	6,550
Additions	1,663
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	8,213
Depreciation
At 1 April 2013	1,273
Charge for the year	1,259
On disposals	-
At 31 March 2014	2,532
Net book values
At 31 March 2014	5,681
At 31 March 2013	5,277

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	David Mason
Description of the transaction:	Advances to Director
Balance at 1 April 2013:	£ 8,269
Advances or credits made:	£ 1,167
Advances or credits repaid:	-
Balance at 31 March 2014:	£ 9,436