Glabid Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08802129 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 DECEMBER 2017

FOR

GLABID LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms P A Petrou AICB CB.Cert PM

REGISTERED OFFICE:

Michael Filiou Plc

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

REGISTERED NUMBER:

08802129 (England and Wales)

ACCOUNTANTS:

Michael Filiou Plc

Chartered Certified Accountants

www.michaelfiliou.com

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

CURRENT ASSETS

Cash at bank

-

291

CREDITORS

Amounts falling due within one year

3

4,080

6,623

NET CURRENT LIABILITIES

(4,080

)

(6,332

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,080

)

(6,332

)

CREDITORS

Amounts falling due after more than one year

4

58,897

51,278

NET LIABILITIES

(62,977

)

(57,610

)

CAPITAL AND RESERVES

Called up share capital

5

3

3

Retained earnings

6

(62,980

)

(57,613

)

SHAREHOLDERS' FUNDS

(62,977

)

(57,610

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director on 22 September 2018 and were signed by:

Ms P A Petrou AICB CB.Cert PM - Director

1.	STATUTORY INFORMATION

Glabid Ltd is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

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.

The financial statements have been prepared in EUR. The values have been converted at an exchange rate of

1.0000 GBP = 1.1773 EUR.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company

has adequate resources to continue in operational existence for the foreseeable future. The company therefore

continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

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

value added tax and other sales taxes.

Foreign currencies

Assets and liabilities in foreign currencies are translated into EUR at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into EUR at the rate of exchange ruling at the date

of transaction. Exchange differences are taken into account in arriving at the operating result.

3.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

€

€

Trade creditors

-

863

Accrued expenses

4,080

5,760

4,080

6,623

4.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

€

€

Shareholders' loan

58,897

51,278

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

€

€

2

Ordinary shares

£1 = €1.3592

3

3

6.

RESERVES

Retained

earnings

€

At 30 December 2016

(57,613

)

Deficit for the year

(5,367

)

At 29 December 2017

(62,980

)

7.	RELATED PARTY DISCLOSURES

Loan from shareholders

The amount due to the directors at the reporting date was €58,897 (2016 - €51,278 ). The loan is interest-free

and unsecured.

8.	ULTIMATE CONTROLLING PARTY

There is no one ultimate controlling party.