true
Globe Microsystems Limited
02581610
2015-03-31
881556
780528
882556
781528
1000
1000
882556
781528
882556
781528
618978
490030
479328
865186
1098306
1355216
992983
1268237
52970
53936
52353
33043
263578
291498
20000
40000
18578
26498
225000
225000
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
The turnover shown in the profit and loss account represents amounts earned during the period, exclusive of Value Added Tax.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Useful economic life - 3 years
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Fixed Assets
All fixed assets are initially recorded at cost.
Motor Vehicles
0.0000
Equipment
Straight line
0.2000
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
60000
60000
40000
20000
20000
135945
141940
117367
115442
7920
225000
225000
420945
426940
157367
135442
27920
Ordinary
1000
1
1000
1000
Ordinary
1
1000
1000
1000
2015-08-14
Lucien Bartram
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Globe Microsystems Limited
2014-04-01
2015-03-31
Globe Microsystems Limited
2013-04-01
2014-03-31
Globe Microsystems Limited
2013-03-31
Globe Microsystems Limited
2014-03-31
Globe Microsystems Limited
2014-03-31
Globe Microsystems Limited
2015-03-31
2015-12-17