Global Information Highway Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03145845 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

FOR

GLOBAL INFORMATION HIGHWAY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

5

DIRECTOR:

O M J Crepin-Leblond

REGISTERED OFFICE:

39 Etchingham Park Road

Finchley

London

N3 2DU

REGISTERED NUMBER:

03145845 (England and Wales)

ACCOUNTANTS:

Robert A. Price F. C. C. A.

39 Etchingham Park Road

Finchley

London

N3 2DU

FIXED ASSETS

Tangible assets

2

2,016

4,033

CURRENT ASSETS

Stocks

4,000

4,000

Debtors

4,623

65,761

Cash at bank

14,276

24,904

22,899

94,665

CREDITORS

Amounts falling due within one year

188,435

205,475

NET CURRENT LIABILITIES

(165,536

)

(110,810

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(163,520

)

(106,777

)

CREDITORS

Amounts falling due after more than one year

80,000

80,000

NET LIABILITIES

(243,520

)

(186,777

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(243,521

)

(186,778

)

SHAREHOLDERS' FUNDS

(243,520

)

(186,777

)

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 20 November 2015 and were signed by:

O M J Crepin-Leblond - 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 etc

-

33% on cost and 10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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

16,980

DEPRECIATION

At 1 June 2014

12,947

Charge for year

2,017

At 31 May 2015

14,964

NET BOOK VALUE

At 31 May 2015

2,016

At 31 May 2014

4,033

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

Ordinary

£1

1

1

4.	FOREIGN BRANCHES

During the course of the year the company also operated through a Swiss branch.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2015 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Robert A. Price F. C. C. A.

39 Etchingham Park Road

Finchley

London

N3 2DU

Date: .............................................