Abbreviated Company Accounts - GLOBAL ENGINEERING AND CONSTRUCTION LIMITED

Abbreviated Company Accounts - GLOBAL ENGINEERING AND CONSTRUCTION LIMITED

GLOBAL ENGINEERING AND CONSTRUCTION LIMITED - Company Information

Print Friendly Version

Registered Number 02364941

GLOBAL ENGINEERING AND CONSTRUCTION LIMITED

Abbreviated Accounts

31 March 2014

GLOBAL ENGINEERING AND CONSTRUCTION LIMITED Registered Number 02364941

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 52,405 52,840
52,405 52,840
Current assets
Debtors 9,309 32
Cash at bank and in hand 2,221 2,252
11,530 2,284
Creditors: amounts falling due within one year (53,419) (42,590)
Net current assets (liabilities) (41,889) (40,306)
Total assets less current liabilities 10,516 12,534
Total net assets (liabilities) 10,516 12,534
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account 516 2,534
Shareholders' funds 10,516 12,534
  • 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 31 December 2014

And signed on their behalf by:
MR B A HAGOBIAN, Director

GLOBAL ENGINEERING AND CONSTRUCTION LIMITED Registered Number 02364941

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.

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:

Land & Buildings - Not Depreciated
Fixtures, fittings
and equipment - 15% Reducing Balance

2Tangible fixed assets
£
Cost
At 1 April 2013 57,767
Additions 400
Disposals -
Revaluations -
Transfers -
At 31 March 2014 58,167
Depreciation
At 1 April 2013 4,927
Charge for the year 835
On disposals -
At 31 March 2014 5,762
Net book values
At 31 March 2014 52,405
At 31 March 2013 52,840