Abbreviated Company Accounts - GLOBAL CLARITY SOLUTIONS LIMITED

GLOBAL CLARITY SOLUTIONS LIMITED - Company Information

06952761 GLOBAL CLARITY SOLUTIONS LIMITED 2016-07-31 false 2015-08-01 2016-07-31 true 06952761 2015-08-01 2016-07-31 06952761 2016-07-31 06952761 2015-07-31 06952761 uk-gaap-cd-bus:Director1 2015-08-01 2016-07-31 06952761 uk-gaap-cd-bus:Director2 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 iso4217:GBP shares

Registered Number 06952761

GLOBAL CLARITY SOLUTIONS LIMITED

Abbreviated Accounts

31 July 2016

GLOBAL CLARITY SOLUTIONS LIMITED Registered Number 06952761

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	12,930	17,240
		12,930	17,240
Current assets
Debtors		80,629	81,309
Cash at bank and in hand		483	695
		81,112	82,004
Creditors: amounts falling due within one year		(186,031)	(189,458)
Net current assets (liabilities)		(104,919)	(107,454)
Total assets less current liabilities		(91,989)	(90,214)
Total net assets (liabilities)		(91,989)	(90,214)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(91,990)	(90,215)
Shareholders' funds		(91,989)	(90,214)

For the year ending 31 July 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 12 April 2017

And signed on their behalf by:
Mr Andrew Green, Director

GLOBAL CLARITY SOLUTIONS LIMITED Registered Number 06952761

Notes to the Abbreviated Accounts for the period ended 31 July 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).

The company meets its day to day working capital requirements through funds held in the company's bank accounts. The director has indicated that there should be sufficient funds to support the company for at least 12 months following the year end of the financial statements.

On this basis, the director consider s it appropriate to prepare the financial statements on the going
concern basis.

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).

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

Tangible assets depreciation policy
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 - 25% Reducing balance
Fixtures & fittings - 25% Reducing balance

Other accounting policies
Revenue recognition
Sales income represents revenue earned under a wide variety of contracts to provide professional
services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts.

It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax .

Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the
treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

2Tangible fixed assets

	£
Cost
At 1 August 2015	60,756
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	60,756
Depreciation
At 1 August 2015	43,516
Charge for the year	4,310
On disposals	-
At 31 July 2016	47,826
Net book values
At 31 July 2016	12,930
At 31 July 2015	17,240

3Called Up Share Capital
Allotted, called up and fully paid:

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