Global Support Limited

Global Support Limited

GLOBAL SUPPORT LIMITED - Company Information

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1 May 2016 false No description of principal activity Taxfiler 2017.42.Web 03356415business:PrivateLimitedCompanyLtd2016-05-012017-04-30 033564152016-04-30 033564152016-05-012017-04-30 03356415business:AuditExemptWithAccountantsReport2016-05-012017-04-30 03356415business:FullAccounts2016-05-012017-04-30 033564152017-04-30 03356415business:Director12016-05-012017-04-30 03356415business:Director22016-05-012017-04-30 03356415business:RegisteredOffice2016-05-012017-04-30 033564152016-04-30 03356415core:WithinOneYear2017-04-30 03356415core:WithinOneYear2016-04-30 03356415core:ShareCapital2017-04-30 03356415core:ShareCapital2016-04-30 03356415core:RetainedEarningsAccumulatedLosses2017-04-30 03356415core:RetainedEarningsAccumulatedLosses2016-04-30 03356415business:SmallEntities2016-05-012017-04-30 03356415countries:EnglandWales2016-05-012017-04-30 03356415core:PlantMachinery2016-05-012017-04-30 03356415core:PlantMachinery2016-04-30 03356415core:PlantMachinery2017-04-30 03356415core:WithinOneYear2016-05-012017-04-30 033564152015-05-012016-04-30 iso4217:GBP xbrli:pure
Company Registration No. 03356415 (England and Wales)
Global Support Limited Unaudited accounts for the year ended 30 April 2017
Global Support Limited Unaudited accounts Contents
Page
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Global Support Limited Company Information for the year ended 30 April 2017
Directors
J M Nigel C A Carter
Company Number
03356415 (England and Wales)
Registered Office
Crown House 1 Crown Square Woking Surrey GU21 6HR
Accountants
Ruffett Accountancy Services Hillside Lodge Ridgeway Woking Surrey GU21 4QP
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Global Support Limited for the year ended 30 April 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Global Support Limited for the year ended 30 April 2017 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html
This report is made solely to the Board of Directors of Global Support Limited, as a body, in accordance with the terms of our engagement letter dated 20 July 2017. Our work has been undertaken solely to prepare for your approval the accounts of Global Support Limited and state those matters that we have agreed to state to the Board of Directors of Global Support Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Global Support Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Global Support Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Global Support Limited. You consider that Global Support Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Global Support Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Ruffett Accountancy Services Chartered Certified Accountants Hillside Lodge Ridgeway Woking Surrey GU21 4QP 25 September 2017
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Global Support Limited Statement of financial position as at 30 April 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,068 
896 
Current assets
Inventories
5
6,183 
6,487 
Debtors
6
39,447 
8,289 
Cash at bank and in hand
69,087 
9,858 
114,717 
24,634 
Creditors: amounts falling due within one year
7
(925,538)
(981,200)
Net current liabilities
(810,821)
(956,566)
Net liabilities
(808,753)
(955,670)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(808,755)
(955,672)
Shareholders' funds
(808,753)
(955,670)
For the year ending 30 April 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 7 December 2017.
J M Nigel Director Company Registration No. 03356415
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Global Support Limited Notes to the Accounts for the year ended 30 April 2017
1
Statutory information
Global Support Limited is a private company, limited by shares, registered in England and Wales, registration number 03356415. The registered office is Crown House, 1 Crown Square, Woking, Surrey, GU21 6HR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 30 April 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities ('FRS 102') and the Companies Act 2006.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Stock
Stock have been valued at the lower of cost and estimated selling price.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and loans to related parties. These basic financial instruments are recognised at cost and amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Revenue recognition
The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.
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Global Support Limited Notes to the Accounts for the year ended 30 April 2017
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 May 2016
7,605 
Additions
2,088 
Disposals
(3,198)
At 30 April 2017
6,495 
Depreciation
At 1 May 2016
6,709 
Charge for the year
916 
On disposals
(3,198)
At 30 April 2017
4,427 
Net book value
At 30 April 2017
2,068 
At 30 April 2016
896 
5
Inventories
2017 
2016 
£ 
£ 
Finished goods
6,183 
6,487 
6,183 
6,487 
6
Debtors
2017 
2016 
£ 
£ 
Trade debtors
101 
2,780 
Accrued income and prepayments
36,846 
3,009 
Other debtors
2,500 
2,500 
39,447 
8,289 
7
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Trade creditors
920 
- 
Taxes and social security
10,327 
7,741 
Loans from directors
913,191 
972,521 
Accruals
1,100 
938 
925,538 
981,200 
The directors have agreed not to seek repayment of the directors loan until the company has sufficient funds to do so.
8
Average number of employees
During the year the average number of employees was 3 (2016: 3).
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