false
false
false
false
false
false
false
false
false
true
false
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false
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No description of principal activity
2016-04-01
Sage Accounts Production Advanced 2017 - FRS
3,439
4,450
7,889
2,028
2,623
4,651
3,238
1,411
xbrli:pure
xbrli:shares
iso4217:GBP
09130350
2016-04-01
2017-03-31
09130350
2017-03-31
09130350
2016-03-31
09130350
2015-04-01
2016-03-31
09130350
2016-03-31
09130350
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2016-04-01
2017-03-31
09130350
bus:LeadAgentIfApplicable
2016-04-01
2017-03-31
09130350
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2016-04-01
2017-03-31
09130350
bus:Director2
2016-04-01
2017-03-31
09130350
bus:Director3
2016-04-01
2017-03-31
09130350
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2017-03-31
09130350
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2016-03-31
09130350
core:ShareCapital
2017-03-31
09130350
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2016-03-31
09130350
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2017-03-31
09130350
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2016-03-31
09130350
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2016-04-01
2017-03-31
09130350
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2016-04-01
2017-03-31
09130350
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2016-04-01
2017-03-31
09130350
bus:SmallCompaniesRegimeForAccounts
2016-04-01
2017-03-31
09130350
bus:PrivateLimitedCompanyLtd
2016-04-01
2017-03-31
09130350
core:OfficeEquipment
2016-04-01
2017-03-31
09130350
core:OfficeEquipment
2016-03-31
09130350
core:OfficeEquipment
2017-03-31
COMPANY REGISTRATION NUMBER:
09130350
Global Search Marketing Ltd
|
|
Unaudited Financial Statements
|
|
GARRATTS WOLVERHAMPTON LIMITED
Chartered accountant
29 Waterloo Road
Wolverhampton
WV1 4DJ
Global Search Marketing Ltd
|
|
Year ended 31 March 2017
Officers and professional advisers
|
1
|
|
|
Statement of financial position
|
2 to 3
|
|
|
Notes to the financial statements
|
4 to 6
|
|
|
Global Search Marketing Ltd
|
|
Officers and Professional Advisers
|
|
The Board of Directors
|
Mr N Milestone
|
|
Mr R Milestone
|
|
Mr L Hodgkins
|
|
|
Registered Office
|
Jobsons Solicitors Limited
|
|
4 North Courtyard
|
|
Dunston Business Village
|
|
Stafford
|
|
Staffordshire
|
|
ST18 9AB
|
|
|
Accountants
|
GARRATTS WOLVERHAMPTON LIMITED
|
|
Chartered accountant
|
|
29 Waterloo Road
|
|
Wolverhampton
|
|
WV1 4DJ
|
|
|
Global Search Marketing Ltd
|
|
Statement of Financial Position
|
|
31 March 2017
Fixed assets
Tangible assets
|
6
|
3,238
|
1,411
|
|
|
|
|
Current assets
Debtors
|
7
|
60,595
|
29,517
|
Cash at bank and in hand
|
21,996
|
20,090
|
|
---------
|
---------
|
|
82,591
|
49,607
|
|
|
|
|
Creditors: amounts falling due within one year
|
8
|
79,394
|
50,560
|
|
---------
|
---------
|
Net current assets/(liabilities)
|
3,197
|
(
953)
|
|
---------
|
---------
|
Total assets less current liabilities
|
6,435
|
458
|
|
|
|
|
Provisions
Taxation including deferred tax
|
648
|
282
|
|
---------
|
---------
|
Net assets
|
5,787
|
176
|
|
---------
|
---------
|
|
|
|
Capital and reserves
Called up share capital
|
75
|
75
|
Profit and loss account
|
5,712
|
101
|
|
---------
|
---------
|
Members funds
|
5,787
|
176
|
|
---------
|
---------
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Global Search Marketing Ltd
|
|
Statement of Financial Position (continued)
|
|
31 March 2017
These financial statements were approved by the
board of directors
and authorised for issue on
5 July 2017
, and are signed on behalf of the board by:
Company registration number:
09130350
Global Search Marketing Ltd
|
|
Notes to the Financial Statements
|
|
Year ended 31 March 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Jobsons Solicitors Limited, 4 North Courtyard, Dunston Business Village, Stafford, Staffordshire, ST18 9AB.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 April 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 11.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Deferred tax
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.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Equipment
|
-
|
33% straight line
|
|
|
|
|
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
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.
4.
Staff costs
The average number of persons employed by the company during the year, including the directors, amounted to 14 (2016: 11).
5.
Profit before taxation
Profit before taxation is stated after charging:
|
2017
|
2016
|
|
£
|
£
|
Depreciation of tangible assets
|
2,623
|
1,147
|
|
---------
|
---------
|
|
|
|
6.
Tangible assets
|
Equipment
|
|
£
|
Cost
|
|
At 1 April 2016
|
3,439
|
Additions
|
4,450
|
|
---------
|
At 31 March 2017
|
7,889
|
|
---------
|
Depreciation
|
|
At 1 April 2016
|
2,028
|
Charge for the year
|
2,623
|
|
---------
|
At 31 March 2017
|
4,651
|
|
---------
|
Carrying amount
|
|
At 31 March 2017
|
3,238
|
|
---------
|
At 31 March 2016
|
1,411
|
|
---------
|
|
|
7.
Debtors
|
2017
|
2016
|
|
£
|
£
|
Trade debtors
|
50,830
|
29,517
|
Other debtors
|
9,765
|
–
|
|
---------
|
---------
|
|
60,595
|
29,517
|
|
---------
|
---------
|
|
|
|
8.
Creditors:
amounts falling due within one year
|
2017
|
2016
|
|
£
|
£
|
Trade creditors
|
7,258
|
5,982
|
Corporation tax
|
32,594
|
13,337
|
Social security and other taxes
|
30,321
|
10,940
|
Other creditors
|
9,221
|
20,301
|
|
---------
|
---------
|
|
79,394
|
50,560
|
|
---------
|
---------
|
|
|
|
9.
Directors' advances, credits and guarantees
There have been no director's advances, credits or guarantees during the year.
10.
Related party transactions
The company was under the control of the directors throughout the current and previous period.
11.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 April 2015.
No transitional adjustments were required in equity or profit or loss for the year.