Global Initiative Limited - Period Ending 2017-07-31

Registration number: 03806415

Global Initiative Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2017

Smith Kennedy Limited
4 Wychwood Drive
Milton-Under-Wychwood
Chipping Norton
Oxfordshire
OX7 6JA

Global Initiative Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	2

Global Initiative Limited

Company Information

Directors

Mr Chris Sinclair Mr Gareth Nixon

Registered office

33-35 George Street Oxford Oxfordshire OX1 2AY

Accountants

Smith Kennedy Limited 4 Wychwood Drive Milton-Under-Wychwood Chipping Norton Oxfordshire OX7 6JA

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Global Initiative Limited

(Registration number: 03806415)
Balance Sheet as at 31 July 2017

	Note	2017 £	2016 £
Fixed assets		23,273	24,438
Current assets		596,212	413,456
Prepayments and accrued income		3,769	8,771
Creditors: Amounts falling due within one year		(153,315)	(184,602)
Net current assets		446,666	237,625
Total assets less current liabilities		469,939	262,063
Provisions for liabilities		-	(4,900)
Accruals and deferred income		(1,500)	(1,500)
		468,439	255,663
Capital and reserves		468,439	255,663

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
33-35 George Street
Oxford
Oxfordshire
OX1 2AY
England

These financial statements were authorised for issue by the Board on 3 April 2018.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2016 - 12).

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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Global Initiative Limited

(Registration number: 03806415)
Balance Sheet as at 31 July 2017

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 3 April 2018 and signed on its behalf by:
 

.........................................

Mr Chris Sinclair
Director

Page 3