Abbreviated Company Accounts - GLOBAL UNDERGROUND LIMITED

GLOBAL UNDERGROUND LIMITED - Company Information

04654041 GLOBAL UNDERGROUND LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 04654041 2015-01-01 2015-12-31 04654041 2015-12-31 04654041 2014-12-31 04654041 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 04654041 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 04654041

GLOBAL UNDERGROUND LIMITED

Abbreviated Accounts

31 December 2015

GLOBAL UNDERGROUND LIMITED Registered Number 04654041

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Current assets
Stocks		16,279	-
Debtors		38,887	4,692
Cash at bank and in hand		15,765	240,291
		70,931	244,983
Creditors: amounts falling due within one year		(72,391)	(192,188)
Net current assets (liabilities)		(1,460)	52,795
Total assets less current liabilities		(1,460)	52,795
Total net assets (liabilities)		(1,460)	52,795
Capital and reserves
Called up share capital	2	49	100
Profit and loss account		(1,509)	52,695
Shareholders' funds		(1,460)	52,795

For the year ending 31 December 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 13 September 2016

And signed on their behalf by:
Mr A Horsfield, Director

GLOBAL UNDERGROUND LIMITED Registered Number 04654041

Notes to the Abbreviated Accounts for the period ended 31 December 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 January 2015

Turnover policy
Turnover shown in the profit and loss account represents the amounts invoiced during the year, excluding value added tax.

2Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
49 Ordinary shares of £1 each (100 shares for 2014)	49	100

During 2015 the company completed and executed a share buyback agreement in respect of 51 ordinary £1.00 shares previously owned by Ministry of Sound Group Limited.