03423266 1.4.13 31.3.14 31.3.14 Company accounts Private Limited Company FY true false true false true false false false Ordinary 'A' 1.00000 Ordinary 'B' 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure034232662013-03-31034232662014-03-31034232662013-04-012014-03-31034232662012-03-31034232662012-04-012013-03-31034232662013-03-3103423266ns12:England2013-04-012014-03-3103423266ns14:PoundSterling2013-04-012014-03-3103423266ns7:Director12013-04-012014-03-3103423266ns7:OrdinaryShareClass12013-04-012014-03-3103423266ns7:OrdinaryShareClass22013-04-012014-03-3103423266ns5:PlantMachinery2013-04-012014-03-3103423266ns5:ComputerEquipment2013-04-012014-03-3103423266ns7:OrdinaryShareClass12014-03-3103423266ns7:OrdinaryShareClass12013-03-3103423266ns7:OrdinaryShareClass22014-03-3103423266ns7:OrdinaryShareClass22013-03-31
REGISTERED NUMBER: 03423266 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

GLOBAL TOURISM SOLUTIONS (UK) LTD

GLOBAL TOURISM SOLUTIONS (UK) LTD (REGISTERED NUMBER: 03423266)

CONTENTS OF THE ABBREVIATED ACCOUNTS
for the year ended 31 March 2014










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

GLOBAL TOURISM SOLUTIONS (UK) LTD (REGISTERED NUMBER: 03423266)

ABBREVIATED BALANCE SHEET
31 March 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 120,001 150,001
Tangible assets 3 12,808 14,631
132,809 164,632

CURRENT ASSETS
Debtors 94,746 182,505
Cash at bank 157,349 113,418
252,095 295,923
CREDITORS
Amounts falling due within one year 78,845 124,180
NET CURRENT ASSETS 173,250 171,743
TOTAL ASSETS LESS CURRENT
LIABILITIES
306,059
336,375

PROVISIONS FOR LIABILITIES 11,766 14,847
NET ASSETS 294,293 321,528

CAPITAL AND RESERVES
Called up share capital 4 211 211
Profit and loss account 294,082 321,317
SHAREHOLDERS' FUNDS 294,293 321,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and
which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable
to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 18 November 2014 and were signed on its behalf by:





Mr D J James - Director


The notes form part of these abbreviated accounts

Page 1
GLOBAL TOURISM SOLUTIONS (UK) LTD (REGISTERED NUMBER: 03423266)

NOTES TO THE ABBREVIATED ACCOUNTS
for the year ended 31 March 2014


1. ACCOUNTING POLICIES

Accounting convention
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
Turnover represents goods and services supplied, excluding value added tax. Revenue is recognised to the extent that the
company has obtained the right to consideration through its performance and is measured at the fair value of the right to
consideration. Where payments are received from customers in advance of the right to consideration being earned, the
amounts are recorded as deferred income and included within creditors falling due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment - 25% on reducing balance
Computer equipment - 25% on cost

Deferred tax
The general principle is that deferred tax is recognised as a liability or asset if the transactions or events that give an
obligation to pay more tax in future or a right to pay less tax in future have occurred by the balance sheet date.

Foreign currencies
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 transaction.
Exchange differences are taken into account in arriving at the operating result.

Intangible assets
Intangible assets are included at cost and are to be amortised over their expected useful life of 10 years. No amortisation is
provided in the year of purchase.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 300,001
AMORTISATION
At 1 April 2013 150,000
Amortisation for year 30,000
At 31 March 2014 180,000
NET BOOK VALUE

At 31 March 2014 120,001
At 31 March 2013 150,001

Page 2 continued...
GLOBAL TOURISM SOLUTIONS (UK) LTD (REGISTERED NUMBER: 03423266)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the year ended 31 March 2014


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013 62,886
Additions 4,192
Disposals (70 )
At 31 March 2014 67,008
DEPRECIATION
At 1 April 2013 48,255
Charge for year 6,004
Eliminated on disposal (59 )
At 31 March 2014 54,200
NET BOOK VALUE
At 31 March 2014 12,808
At 31 March 2013 14,631

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
91 Ordinary 'A' £1 91 91
120 Ordinary 'B' £1 120 120
211 211

Page 3