Zenserve It Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07124621 (England and Wales)

Financial Statements for the Year Ended 31 January 2019

for

Zenserve It Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr G Wu

SECRETARY:

REGISTERED OFFICE:

2nd Floor

Claremont House

Claremont Bank

Shrewsbury

Shropshire

SY1 1RW

REGISTERED NUMBER:

07124621 (England and Wales)

ACCOUNTANTS:

Morgan Jones & Co

Ironmaster House

37 Wyle Cop

Shrewsbury

Shropshire

SY1 1XF

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

2,065

2,065

CURRENT ASSETS

Debtors

6

1,013

Cash at bank

30,828

31,841

CREDITORS

Amounts falling due within one year

7

12,111

NET CURRENT ASSETS

19,730

TOTAL ASSETS LESS CURRENT LIABILITIES

21,795

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

21,793

21,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 25 October 2019 and were signed by:

Dr G Wu - Director

1.	STATUTORY INFORMATION

Zenserve It Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on

the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment

losses.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2018

and 31 January 2019

1,500

AMORTISATION

At 1 February 2018

and 31 January 2019

1,500

NET BOOK VALUE

At 31 January 2019

-

At 31 January 2018

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 February 2018

5,973

Additions

250

At 31 January 2019

6,223

DEPRECIATION

At 1 February 2018

3,470

Charge for year

688

At 31 January 2019

4,158

NET BOOK VALUE

At 31 January 2019

2,065

At 31 January 2018

2,503

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

1,013

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

31

Trade creditors

5,300

Tax

5,806

Directors' loan accounts

974

12,111