Global Abseiling Inspection Solutions - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC399145 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2015

FOR

GLOBAL ABSEILING & INSPECTION SOLUTIONS

LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D M Greaves

REGISTERED OFFICE:

58 Queens Road

Aberdeen

Grampian

AB15 4YE

REGISTERED NUMBER:

SC399145 (Scotland)

ACCOUNTANTS:

Fyfe Moir & Associates

58 Queens Road

Aberdeen

Grampian

AB15 4YE

FIXED ASSETS

Tangible assets

2

335

460

CURRENT ASSETS

Debtors

6,097

6,707

Cash at bank

145,894

132,607

151,991

139,314

CREDITORS

Amounts falling due within one year

33,283

34,943

NET CURRENT ASSETS

118,708

104,371

TOTAL ASSETS LESS CURRENT LIABILITIES

119,043

104,831

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

118,943

104,731

SHAREHOLDERS' FUNDS

119,043

104,831

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 19 September 2015 and were signed by:

D M Greaves - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

15% on cost

Computer equipment

-

15% on cost

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

836

DEPRECIATION

At 1 June 2014

376

Charge for year

125

At 31 May 2015

501

NET BOOK VALUE

At 31 May 2015

335

At 31 May 2014

460

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

100

Ordinary

1.00

100

100