ZN Consulting Limited - Period Ending 2014-05-31

ZN Consulting Limited - Period Ending 2014-05-31


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Registration number: 07247346

ZN Consulting Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2014
 

A.Y.A ACCOUNTANTS
82 Blackburn Road
Accrington
Lancashire
BB5 1LL

 

ZN Consulting Limited
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 3

 

ZN Consulting Limited
(Registration number: 07247346)
Abbreviated Balance Sheet at 31 May 2014

   

Note

   

2014
£

   

2013
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

3,210

   

2,742

 

Current assets

 

             

Debtors

 

   

-

   

21,874

 

Cash at bank and in hand

 

   

5,701

   

1,991

 
   

   

5,701

   

23,865

 

Creditors: Amounts falling due within one year

 

   

(36,194)

   

(29,727)

 

Net current liabilities

 

   

(30,493)

   

(5,862)

 

Net liabilities

 

   

(27,283)

   

(3,120)

 

Capital and reserves

 

             

Called up share capital

 

3

   

1

   

100

 

Profit and loss account

 

   

(27,284)

   

(3,220)

 

Shareholders' deficit

 

   

(27,283)

   

(3,120)

 

For the year ending 31 May 2014 the company was entitled to exemption 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 4 February 2015

.........................................
Miss Zubaira Nawaz
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

 

ZN Consulting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2014
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Office equipment

20% reducing balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

 

ZN Consulting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2014
......... continued

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 June 2013

 

3,852

   

3,852

 

Additions

 

1,270

   

1,270

 

At 31 May 2014

 

5,122

   

5,122

 

Depreciation

           

At 1 June 2013

 

1,110

   

1,110

 

Charge for the year

 

802

   

802

 

At 31 May 2014

 

1,912

   

1,912

 

Net book value

           

At 31 May 2014

 

3,210

   

3,210

 

At 31 May 2013

 

2,742

   

2,742

 

3

Share capital

Allotted, called up and fully paid shares

 

2014

2013

   

No.

   

£

   

No.

   

£

 

Ordinary £1 Shares of £1 each

 

1

   

1

   

1

   

1