Abbreviated Company Accounts - ZING ONLINE MEDIA LTD

08592291 ZING ONLINE MEDIA LTD 2014-07-31 false 2013-07-01 2014-07-31 true 08592291 2013-07-01 2014-07-31 08592291 2014-07-31 08592291 uk-gaap-cd-bus:Director1 2013-07-01 2014-07-31 08592291 uk-gaap-cd-bus:Director2 2013-07-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 iso4217:GBP shares

Registered Number 08592291

ZING ONLINE MEDIA LTD

Abbreviated Accounts

31 July 2014

ZING ONLINE MEDIA LTD Registered Number 08592291

Abbreviated Balance Sheet as at 31 July 2014

	Notes	2014
		£
Fixed assets
Tangible assets	2	1,011
		1,011
Current assets
Debtors		36,381
Cash at bank and in hand		74,214
		110,595
Creditors: amounts falling due within one year		(109,795)
Net current assets (liabilities)		800
Total assets less current liabilities		1,811
Total net assets (liabilities)		1,811
Capital and reserves
Called up share capital	3	1
Profit and loss account		1,810
Shareholders' funds		1,811

For the year ending 31 July 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 directors acknowledge their 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 Board on 31 March 2015

And signed on their behalf by:
Zak Maqsood, Director

ZING ONLINE MEDIA LTD Registered Number 08592291

Notes to the Abbreviated Accounts for the period ended 31 July 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment - 33.33% straight line basis

Other accounting policies
Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction.
Exchange differences are taken into account in arriving at the operating profit.

2Tangible fixed assets

	£
Cost
Additions	1,281
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2014	1,281
Depreciation
Charge for the year	270
On disposals	-
At 31 July 2014	270
Net book values
At 31 July 2014	1,011

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £
1 Ordinary shares of £1 each	1