GLOCORP_LTD - Accounts

GLOCORP LIMITED - Company Information

Print Friendly Version

Company Registration No. 09476005 (England and Wales)

GLOCORP LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2016

GLOCORP LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

GLOCORP LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

Notes

Fixed assets

Tangible assets

1,996

Current assets

Debtors

79,134

Cash at bank and in hand

6,597

85,731

Creditors: amounts falling due within one year

(66,762)

Net current assets

18,969

Total assets less current liabilities

20,965

Provisions for liabilities

(489)

20,476

Capital and reserves

Called up share capital

100

Profit and loss account

20,376

Shareholders' funds

20,476

For the financial period ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 July 2016

Mr S G Glossop

Director

Company Registration No. 09476005

GLOCORP LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

Tangible fixed assets and depreciation

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:

Computer equipment

Fixed assets

Tangible assets

Cost

At 6 March 2015

Additions

2,443

At 31 March 2016

2,443

Depreciation

At 6 March 2015

Charge for the period

447

At 31 March 2016

447

Net book value

At 31 March 2016

1,996

Share capital

2016

Allotted, called up and unpaid

100 Ordinary Shares of £1 each

100

GLOCORP LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2016

- 3 -

Transactions with directors

The following director had a loan during the period. Interest was charged at a rate of 3.5%.

Amount outstanding

Maximum

2016

in period

Director's current account - S Glossop

79,034