Company Registration No. 06611133 (England and Wales)
Global Textile Holdings Limited
Unaudited accounts
for the year ended 30 June 2018
Global Textile Holdings Limited
Unaudited accounts
Contents
Global Textile Holdings Limited
Company Information
for the year ended 30 June 2018
Company Number
06611133 (England and Wales)
Registered Office
The Courtyard
30 Worthing Road
Horsham
West Sussex
RH12 1SL
Accountants
Richard Matthew Accountancy
The Courtyard
30 Worthing Road
Horsham
West Sussex
RH12 1SL
Global Textile Holdings Limited
Statement of financial position
as at
30 June 2018
Tangible assets
4,430
5,906
Cash at bank and in hand
26,459
26,846
Creditors: amounts falling due within one year
(33,474)
(42,188)
Net current assets
172,215
166,526
Net assets
176,645
172,432
Share premium
1,000
1,000
Profit and loss account
175,645
171,432
Shareholders' funds
176,645
172,432
For the year ending 30 June 2018 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 director acknowledges his 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 28 March 2019.
W M A Francus
Director
Company Registration No. 06611133
Global Textile Holdings Limited
Notes to the Accounts
for the year ended 30 June 2018
Global Textile Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 06611133. The registered office is The Courtyard, 30 Worthing Road, Horsham, West Sussex, RH12 1SL.
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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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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% reducing balance
Computer equipment
25% reducing balance
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Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2017
14,000
2,985
16,985
At 30 June 2018
14,000
2,985
16,985
At 1 July 2017
8,094
2,985
11,079
Charge for the year
1,476
-
1,476
At 30 June 2018
9,570
2,985
12,555
At 30 June 2018
4,430
-
4,430
At 30 June 2017
5,906
-
5,906
Trade debtors
19,333
21,971
Other debtors
159,897
159,897
Global Textile Holdings Limited
Notes to the Accounts
for the year ended 30 June 2018
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Creditors: amounts falling due within one year
2018
2017
Trade creditors
1,772
11,377
Taxes and social security
30,802
29,465
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Average number of employees
During the year the average number of employees was 1 (2017: 1).