Abbreviated Company Accounts - ESAY GLOBAL SOLUTIONS LIMITED

ESAY GLOBAL SOLUTIONS LIMITED - Company Information

07347345 ESAY GLOBAL SOLUTIONS LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 07347345 2015-04-01 2016-03-31 07347345 2016-03-31 07347345 2015-03-31 07347345 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 07347345 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 07347345

ESAY GLOBAL SOLUTIONS LIMITED

Abbreviated Accounts

31 March 2016

ESAY GLOBAL SOLUTIONS LIMITED Registered Number 07347345

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2,494,300	2,494,300
		2,494,300	2,494,300
Current assets
Debtors		1,000	1,000
		1,000	1,000
Creditors: amounts falling due within one year	3	(529,588)	(414,200)
Net current assets (liabilities)		(528,588)	(413,200)
Total assets less current liabilities		1,965,712	2,081,100
Creditors: amounts falling due after more than one year	3	(1,969,050)	(2,084,250)
Total net assets (liabilities)		(3,338)	(3,150)
Capital and reserves
Called up share capital	4	1,000	1,000
Profit and loss account		(4,338)	(4,150)
Shareholders' funds		(3,338)	(3,150)

For the year ending 31 March 2016 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 20 December 2016

And signed on their behalf by:
G Stanley, Director

ESAY GLOBAL SOLUTIONS LIMITED Registered Number 07347345

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Tangible assets depreciation policy
Investments
Fixed asset investments are stated at cost less provision for diminution in value

Other accounting policies
Group Accounts
The financial statements present information about the company as an individual undertaking and not about this group. The company and its subsidary undertakings comprise a small-sized group. the company has therefore taken advantage of the exemptions provided by section 399 of the companies act 2006 not to prepare group accounts.

Taxation
The charge for taxation is based on the loss for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes.
Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes which have arisen but not reversed by the balance sheet date, except as otherwise required by FRS 19.

Going Concern
The company is reliant upon the financial support of Workmobile International Limited, a shareholder of the company, together with the support of its directors, in order to meet its liabilities as they fall due. Workmobile International Limited has indicated that this support will continue for the foreseeable future and, as a result, the directors have continued to adopt the going concern basis in preparing the financial statements. This support is required as the company has net current liabilities of £528,588 and net liabilities of £3,338. We believe no further disclosures relating to the company's ability to continue as a going concern need to be made in the financial statements. In assessing going concern, we have paid particular attention to a period of not less than one year from the date of approval of the financial statements.

2Tangible fixed assets

	£
Cost
At 1 April 2015	2,494,300
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	2,494,300
Depreciation
At 1 April 2015	-
Charge for the year	-
On disposals	-
At 31 March 2016	-
Net book values
At 31 March 2016	2,494,300
At 31 March 2015	2,494,300

Holdings of more than 20%
The company holds more than 20% of the shares in the following companies:

Company Country of Registration Class of Shares % Shares Held
Esay Solutions Limited England & Wales Ordinary 100%
Workmobile Limited England & Wales Ordinary 100%
Workmobile Pvt Limited Pakistan Ordinary 100%

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial Year were as follows:

Company Principle Activities Reserves 2016 Profit /(loss) 2016
Esay Solutions Limited Computer Software programming (2,125,587) (115,228)
Workmobile Limited Dormant 300 -
Workmobile Pvt Limited Software outsourcing 6500 -

3Creditors

	2016 £	2015 £
Non-instalment debts due after 5 years	1,969,050	2,084,250

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000