COMPANY REGISTRATION NUMBER
SC302204
GBW RECRUITMENT LIMITED
ABBREVIATED ACCOUNTS
30 June 2015
ACRIO LIMITED
Chartered Management Accountants
32 Carroll Crescent
Newarthill
Motherwell
ML1 5AT
GBW RECRUITMENT LIMITED
ABBREVIATED BALANCE SHEET
30 June 2015
CURRENT ASSETS
Cash at bank and in hand
|
-
|
|
2
|
|
|
|
|
CREDITORS: Amounts falling due within one year
|
4,902
|
|
4,302
|
|
-------
|
|
-------
|
NET CURRENT LIABILITIES
|
|
(
4,902)
|
(
4,300)
|
|
|
-------
|
-------
|
TOTAL ASSETS LESS CURRENT LIABILITIES
|
|
(
4,902)
|
(
4,300)
|
|
|
-------
|
-------
|
|
|
|
|
CAPITAL AND RESERVES
Called-up equity share capital
|
2
|
|
2
|
2
|
Profit and loss account
|
|
(
4,904)
|
(
4,302)
|
|
|
-------
|
-------
|
DEFICIT
|
|
(
4,902)
|
(
4,300)
|
|
|
-------
|
-------
|
|
|
|
|
|
For the year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
These abbreviated accounts were approved and signed by the director and authorised for issue on
3 July 2015
.
Mr A Wilson
Director
Company Registration Number:
SC302204
GBW RECRUITMENT LIMITED
NOTES TO THE
ABBREVIATED ACCOUNTS
YEAR ENDED 30 JUNE 2015
1.
ACCOUNTING POLICIES
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).
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.
Deferred tax assets are recognised only to the extent that the directors consider it more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax assets and liabilities recognised have not been discounted.
Deferred tax is measured on a non-discounted basis at the average tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2.
SHARE CAPITAL
Allotted, called up and fully paid:
|
2015
|
2014
|
|
No
|
£
|
No
|
£
|
|
Ordinary shares of £ 1 each
|
2
|
2
|
2
|
2
|
|
|
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2
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2
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2
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2
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