ZBA SERVICES LIMITED - Filleted accounts

ZBA SERVICES LIMITED - Filleted accounts

ZBA SERVICES LIMITED - Company Information

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Registered number
07680452
ZBA SERVICES LIMITED
Filleted Accounts
30 June 2018
ZBA SERVICES LIMITED
Registered number: 07680452
Balance Sheet
as at 30 June 2018
Notes 2018 2017
£ £
Fixed assets
Tangible assets 2 750 1,231
Current assets
Debtors 3 31,884 12,700
Cash at bank and in hand 77,045 65,331
108,929 78,031
Creditors: amounts falling due within one year 4 (34,346) (22,614)
Net current assets 74,583 55,417
Net assets 75,333 56,648
Capital and reserves
Called up share capital 100 100
Profit and loss account 75,233 56,548
Shareholder's funds 75,333 56,648
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Patel
Director
Approved by the board on 25 March 2019
ZBA SERVICES LIMITED
Notes to the Accounts
for the year ended 30 June 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% straight line
Motor vehicles 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2017 1,045 1,500 2,545
At 30 June 2018 1,045 1,500 2,545
Depreciation
At 1 July 2017 939 375 1,314
Charge for the year 106 375 481
At 30 June 2018 1,045 750 1,795
Net book value
At 30 June 2018 - 750 750
At 30 June 2017 106 1,125 1,231
3 Debtors 2018 2017
£ £
Trade debtors 29,540 12,600
Other debtors 2,344 100
31,884 12,700
4 Creditors: amounts falling due within one year 2018 2017
£ £
Bank loans and overdrafts 594 130
Taxation and social security costs 33,308 21,916
Other creditors 444 568
34,346 22,614
5 Other information
ZBA SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
1-4 The Parade, Monarch Way
Newbury Park
Ilford
Essex
IG2 7HT
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