Company Registration No. 01492768 (England and Wales)
ZEM (Hatton Garden) Limited
Unaudited accounts
for the year ended 31 December 2018
ZEM (Hatton Garden) Limited
Unaudited accounts
Contents
ZEM (Hatton Garden) Limited
Company Information
for the year ended 31 December 2018
Company Number
01492768 (England and Wales)
Registered Office
Hallswelle House
1 Hallswelle Road
London
NW11 0DH
Accountants
Clearfin Accountants Limited
Churchill House
137-139 Brent Street
London
NW4 4DJ
ZEM (Hatton Garden) Limited
Statement of financial position
as at 31 December 2018
Cash at bank and in hand
239,657
262,936
Creditors: amounts falling due within one year
(72,236)
(89,467)
Net current assets
293,067
289,107
Net assets
293,777
289,393
Called up share capital
100
100
Profit and loss account
293,677
289,293
Shareholders' funds
293,777
289,393
For the year ending 31 December 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 20 September 2019.
Simon Moller
Director
Company Registration No. 01492768
ZEM (Hatton Garden) Limited
Notes to the Accounts
for the year ended 31 December 2018
ZEM (Hatton Garden) Limited is a private company, limited by shares, registered in England and Wales, registration number 01492768. The registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.
2
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Fixtures & fittings
20% straight line
Computer equipment
20% reducing balance method
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
ZEM (Hatton Garden) Limited
Notes to the Accounts
for the year ended 31 December 2018
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2018
21,810
1,956
23,766
At 31 December 2018
21,810
2,558
24,368
At 1 January 2018
21,810
1,670
23,480
Charge for the year
-
178
178
At 31 December 2018
21,810
1,848
23,658
At 31 December 2018
-
710
710
At 31 December 2017
-
286
286
Finished goods
65,588
54,597
Trade debtors
60,058
61,041
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Creditors: amounts falling due within one year
2018
2017
Trade creditors
21,196
14,654
Taxes and social security
26,733
63,661
Other creditors
1,251
3,010
Loans from directors
19,056
4,142
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Transactions with related parties
Included within other creditors is an amount of £19,056 (2017: £4,142) due to a director of the company.
9
Average number of employees
During the year the average number of employees was 3 (2017: 3).
