Abbreviated Company Accounts - GULF CONNECT CAPITAL LIMITED

Abbreviated Company Accounts - GULF CONNECT CAPITAL LIMITED

SPONSORCIRCLE LIMITED - Company Information

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Registered Number 07206520

GULF CONNECT CAPITAL LIMITED

Abbreviated Accounts

31 March 2015

GULF CONNECT CAPITAL LIMITED Registered Number 07206520

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 549 784
Investments 3 211,875 88,500
212,424 89,284
Current assets
Debtors 14,999 104,497
Cash at bank and in hand 37,659 107,590
52,658 212,087
Creditors: amounts falling due within one year (10,099) (25,332)
Net current assets (liabilities) 42,559 186,755
Total assets less current liabilities 254,983 276,039
Total net assets (liabilities) 254,983 276,039
Capital and reserves
Called up share capital 200,000 200,000
Profit and loss account 54,983 76,039
Shareholders' funds 254,983 276,039
  • For the year ending 31 March 2015 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 6 July 2015

And signed on their behalf by:
AH KYPRIANOU, Director

GULF CONNECT CAPITAL LIMITED Registered Number 07206520

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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 amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment 25% straight line

2Tangible fixed assets
£
Cost
At 1 April 2014 941
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2015 941
Depreciation
At 1 April 2014 157
Charge for the year 235
On disposals -
At 31 March 2015 392
Net book values
At 31 March 2015 549
At 31 March 2014 784

3Fixed assets Investments
The investments consist of shares in private limited companies registered in England & Wales, stated at cost.