One Zulu Alpha Ltd - Period Ending 2018-10-31

One Zulu Alpha Ltd

Annual Report and Unaudited Financial Statements
Year Ended 31 October 2018

Registration number: 06393833

One Zulu Alpha Ltd

Contents

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 6

One Zulu Alpha Ltd

Balance Sheet

31 October 2018

	Note	2018 £	2017 £
Fixed assets
Tangible assets	3	1,770	-
Current assets
Debtors	4	2,800	6,750
Cash at bank and in hand		13,402	35,521
		16,202	42,271
Creditors: Amounts falling due within one year	5	(10,616)	(24,192)
Net current assets		5,586	18,079
Total assets less current liabilities		7,356	18,079
Provisions for liabilities		(301)	-
Net assets		7,055	18,079
Capital and reserves
Called up share capital		1	1
Profit and loss account		7,054	18,078
Total equity		7,055	18,079

The notes on pages 3 to 6 form an integral part of these financial statements.

Page 1

One Zulu Alpha Ltd

Balance Sheet

31 October 2018

For the financial year ending 31 October 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have 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 financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 31 July 2019
 

........................................... Mr J Grose Director

Company Registration Number: 06393833

The notes on pages 3 to 6 form an integral part of these financial statements.

Page 2

One Zulu Alpha Ltd

Notes to the Financial Statements

Year Ended 31 October 2018

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Swallows
Thurlestone
Kingsbridge
South Devon
TQ7 3NS

These financial statements were authorised for issue by the director on 31 July 2019.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Page 3

One Zulu Alpha Ltd

Notes to the Financial Statements

Year Ended 31 October 2018

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Machinery	33% straight line

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

Page 4

One Zulu Alpha Ltd

Notes to the Financial Statements

Year Ended 31 October 2018

3	Tangible assets

	Other property, plant and equipment  £	Total £
Cost or valuation
Additions	2,642	2,642
At 31 October 2018	2,642	2,642
Depreciation
Charge for the year	872	872
At 31 October 2018	872	872
Carrying amount
At 31 October 2018	1,770	1,770

4

Debtors

	2018 £	2017 £
Trade debtors	2,800	6,750
	2,800	6,750

5

Creditors

Creditors: amounts falling due within one year

	2018 £	2017  £
Due within one year
Corporation tax	9,027	17,952
Other creditors	589	5,240
Accrued expenses	1,000	1,000
	10,616	24,192

Page 5

One Zulu Alpha Ltd

Notes to the Financial Statements

Year Ended 31 October 2018

6	Share capital

Allotted, called up and fully paid shares

	2018		2017
	No.	£	No.	£
Ordinary share capital of £1 each	1	1	1	1

Page 6