Global Airport Concierge Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07786429 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

GLOBAL AIRPORT CONCIERGE LTD

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

30,419

24,360

CURRENT ASSETS

Debtors

5

28,578

23,597

Cash at bank

438,941

517,500

467,519

541,097

CREDITORS

Amounts falling due within one year

6

474,564

552,028

NET CURRENT LIABILITIES

(7,045

)

(10,931

)

TOTAL ASSETS LESS CURRENT LIABILITIES

23,374

13,429

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

23,274

13,329

SHAREHOLDERS' FUNDS

23,374

13,429

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 24 July 2018 and were signed on its behalf by:

Mrs Lynn Morby - Director

1.	STATUTORY INFORMATION

Global Airport Concierge Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address are as below:

Registered number:

07786429

Registered office:

1b Kensington Park Mews

London

W11 2EY

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements for the year ended 30 September 2017 are the first financial statements that comply

with FRS 102 Section 1A small entities.The date of transition is 1 October 2015.

The transition to FRS 102 Section 1A small entities have resulted in no changes in accounting policies to those

used previously, therefore no separate statements for any adjustments are disclosed.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on cost

Computer equipment

-

33.33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except

to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2016 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 October 2016

24,360

-

24,360

Additions

-

12,743

12,743

At 30 September 2017

24,360

12,743

37,103

DEPRECIATION

Charge for year

2,436

4,248

6,684

At 30 September 2017

2,436

4,248

6,684

NET BOOK VALUE

At 30 September 2017

21,924

8,495

30,419

At 30 September 2016

24,360

-

24,360

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

23,738

18,757

Prepayments

4,840

4,840

28,578

23,597

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

110,748

110,608

Tax

5,263

4,322

Other creditors

1,163

8,905

Director's current account

351,890

423,943

Accrued expenses

5,500

4,250

474,564

552,028

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

1

100

100

8.

RESERVES

Retained

earnings

£

At 1 October 2016

13,329

Profit for the year

9,945

At 30 September 2017

23,274

9.	ULTIMATE CONTROLLING PARTY

The company was under the control of Mr Grant Morby.