Company Registration No. 10649432 (England and Wales)
Global Integrated Systems Ltd
Filleted accounts
for the year ended 31 March 2018
Global Integrated Systems Ltd
Filleted accounts
Contents
Global Integrated Systems Ltd
Company Information
for the year ended 31 March 2018
Directors
Jaspal Singh Badyal
Tajinder Singh Lally
Company Number
10649432 (England and Wales)
Registered Office
19 Strathmore Avenue
Leicester
LE4 7HB
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
Global Integrated Systems Ltd
Statement of financial position
as at 31 March 2018
Cash at bank and in hand
971
Creditors: amounts falling due within one year
(3,532)
Net current liabilities
(302)
Called up share capital
100
Profit and loss account
4,848
For the year ending 31 March 2018 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 1 December 2018.
Jaspal Singh Badyal
Director
Company Registration No. 10649432
Global Integrated Systems Ltd
Notes to the Accounts
for the year ended 31 March 2018
Global Integrated Systems Ltd is a private company, limited by shares, registered in England and Wales, registration number 10649432. The registered office is 19 Strathmore Avenue, Leicester, LE4 7HB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Global Integrated Systems Ltd
Notes to the Accounts
for the year ended 31 March 2018
4
Tangible fixed assets
Motor vehicles
6
Creditors: amounts falling due within one year
2018
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
Shares issued during the period:
100 Ordinary shares of £1 each
100
8
Average number of employees
During the year the average number of employees was 2.
