Zartech Limited - Accounts to registrar (filleted) - small 18.2

Zartech Limited - Accounts to registrar (filleted) - small 18.2

ZARTECH LIMITED - Company Information

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REGISTERED NUMBER: 06139702 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

ZARTECH LIMITED
ZARTECH LIMITED (REGISTERED NUMBER: 06139702)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ZARTECH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2019







DIRECTOR: Dr S R Aliwell





SECRETARY: Mrs P Aliwell





REGISTERED OFFICE: 71 Kenwood Drive
Beckenham
Kent
BR3 6QZ





REGISTERED NUMBER: 06139702 (England and Wales)





ACCOUNTANTS: Acuity Professional Ltd
Fifth Floor
11 Leadenhall Street
London
EC3V 1LP
Page 1
ZARTECH LIMITED (REGISTERED NUMBER: 06139702)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 382 773

CURRENT ASSETS
Debtors 5 374 1,377
Cash at bank 13,075 21,160
13,449 22,537
CREDITORS
Amounts falling due within one year 6 5,462 7,451
NET CURRENT ASSETS 7,987 15,086
TOTAL ASSETS LESS CURRENT
LIABILITIES
8,369
15,859

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 8,269 15,759
SHAREHOLDERS' FUNDS 8,369 15,859

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

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

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
ZARTECH LIMITED (REGISTERED NUMBER: 06139702)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2019


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director on 2 December 2019 and were signed by:





Dr S R Aliwell - Director


The notes form part of these financial statements

Page 3
ZARTECH LIMITED (REGISTERED NUMBER: 06139702)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019


1. STATUTORY INFORMATION

Zartech 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The preparation of financial statements in conformity with FRS 102 Section 1A requires the use of certain critical
accounting estimates. It also requires management to exercise judgement in applying the company's accounting
policies.

ACCOUNTING ESTIMATES AND JUDGEMENTS
In preparing the financial statements, management were not required to make any estimates or judgements which
materially affect reported income, expenses, assets, liabilities or disclosure of contingent assets and liabilities.

DIVIDENDS
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when
paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

TURNOVER
Turnover represents net invoiced sales of services, excluding value added tax.

TANGIBLE FIXED ASSETS
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the following annual rates in
order to write off each asset over its estimated useful life.

Computer equipment - 33% on cost

DEBTORS
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at
fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest
method, less any impairment.

CASH AND CASH EQUIVALENTS
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of
not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months
from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of
change in value.

Page 4 continued...
ZARTECH LIMITED (REGISTERED NUMBER: 06139702)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


2. ACCOUNTING POLICIES - continued

CREDITORS
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are
measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the
effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 1 April 2018
and 31 March 2019 6,643
Depreciation
At 1 April 2018 5,870
Charge for year 391
At 31 March 2019 6,261
Net book value
At 31 March 2019 382
At 31 March 2018 773

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors - 1,321
Social security and other taxe - 56
VAT 374 -
374 1,377

Page 5 continued...
ZARTECH LIMITED (REGISTERED NUMBER: 06139702)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 18 10
Corporation tax payable 3,190 4,915
Social security and other taxes 1,136 -
VAT - 2,339
Other creditors 25 -
Directors' loan accounts 1,002 108
Accrued expenses 91 79
5,462 7,451

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 April 2018 15,759
Profit for the year 13,210
Dividends (20,700 )
At 31 March 2019 8,269

9. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The pension cost charge represents contributions
payable by the company to the fund and amounted to NIL (2018: NIL). No contributions were outstanding at the
balance sheet date.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £20,700 (2018 - £24,500) were paid to the director .

At balance sheet date, there was an amount due to the director, Mr S R Aliwell for £1,002 (2018:£108).This is an
interest free advance to the company and does not have a fixed date of repayment.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Dr S R Aliwell.

Page 6