Zero Double X Publishing Limited 31/03/2020 iXBRL

Zero Double X Publishing Limited 31/03/2020 iXBRL

ZERO DOUBLE X PUBLISHING LIMITED - Company Information

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0 31/03/2020 2020-03-31 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2019-04-01 Sage Accounts Production 20.0 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 04605578 2019-04-01 2020-03-31 04605578 2020-03-31 04605578 2019-03-31 04605578 bus:Director1 2019-04-01 2020-03-31 04605578 core:ShareCapital 2018-04-01 2019-03-31 04605578 core:RetainedEarningsAccumulatedLosses 2018-04-01 2019-03-31 04605578 core:RetainedEarningsAccumulatedLosses 2019-04-01 2020-03-31 04605578 core:WithinOneYear 2020-03-31 04605578 core:WithinOneYear 2019-03-31 04605578 core:ShareCapital 2020-03-31 04605578 core:ShareCapital 2019-03-31 04605578 core:RetainedEarningsAccumulatedLosses 2020-03-31 04605578 core:RetainedEarningsAccumulatedLosses 2019-03-31 04605578 core:ShareCapital 2018-03-31 04605578 core:RetainedEarningsAccumulatedLosses 2018-03-31 04605578 core:CostValuation core:Non-currentFinancialInstruments 2020-03-31 04605578 core:Non-currentFinancialInstruments 2020-03-31 04605578 core:Non-currentFinancialInstruments 2019-03-31 04605578 bus:Director1 2019-03-31 04605578 bus:Director1 2020-03-31 04605578 bus:Director1 2018-03-31 04605578 bus:Director1 2019-03-31 04605578 bus:Director1 2018-04-01 2019-03-31 04605578 bus:SmallEntities 2019-04-01 2020-03-31 04605578 bus:AuditExempt-NoAccountantsReport 2019-04-01 2020-03-31 04605578 bus:FullAccounts 2019-04-01 2020-03-31 04605578 bus:SmallCompaniesRegimeForAccounts 2019-04-01 2020-03-31 04605578 bus:PrivateLimitedCompanyLtd 2019-04-01 2020-03-31 04605578 1 2019-04-01 2020-03-31
Company registration number: 04605578
Zero Double X Publishing Limited
Unaudited filleted financial statements
31 March 2020
Zero Double X Publishing Limited
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Zero Double X Publishing Limited
Statement of financial position
31 March 2020
2020 2019
Note £ £ £ £
Fixed assets
Investments 4 2 2
_______ _______
2 2
Current assets
Debtors 5 5,989 9,187
Cash at bank and in hand 1,369 1,319
_______ _______
7,358 10,506
Creditors: amounts falling due
within one year 6 ( 7,315) ( 10,347)
_______ _______
Net current assets 43 159
_______ _______
Total assets less current liabilities 45 161
_______ _______
Net assets 45 161
_______ _______
Capital and reserves
Called up share capital 8 8
Profit and loss account 37 153
_______ _______
Shareholders funds 45 161
_______ _______
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 23 December 2020 , and are signed on behalf of the board by:
Mr J Whitbread
Director
Company registration number: 04605578
Zero Double X Publishing Limited
Statement of changes in equity
Year ended 31 March 2020
Called up share capital Profit and loss account
£ £
At 1 April 2018 2 4
Profit for the year 36,649
_______ _______
Total comprehensive income for the year - 36,649
Issue of shares 6
Dividends paid and payable ( 36,500)
_______ _______
Total investments by and distributions to owners 6 ( 36,500)
_______ _______
At 31 March 2019 and 1 April 2019 8 153
Profit for the year 26,284
_______ _______
Total comprehensive income for the year - 26,284
Dividends paid and payable ( 26,400)
_______ _______
Total investments by and distributions to owners - ( 26,400)
_______ _______
At 31 March 2020 8 37
_______ _______
Zero Double X Publishing Limited
Notes to the financial statements
Year ended 31 March 2020
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Office Ff10 Brooklands House, 58 Marlborough Road, Lancing, West Sussex, BN15 8AF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 April 2019 and 31 March 2020 2 2
_______ _______
Impairment
At 1 April 2019 and 31 March 2020 - -
_______ _______
Carrying amount
At 31 March 2020 2 2
_______ _______
At 31 March 2019 2 2
_______ _______
The company purchased the entire share capital and assets of JJ Sales Consulting Limited.
5. Debtors
2020 2019
£ £
Other debtors 5,989 9,187
_______ _______
6. Creditors: amounts falling due within one year
2020 2019
£ £
Corporation tax 6,165 8,597
Other creditors 1,150 1,750
_______ _______
7,315 10,347
_______ _______
7. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
Year ended 31 March 2020 Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr J Whitbread 9,187 ( 3,198) 5,989
_______ _______ _______
Year ended 31 March 2019 Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr J Whitbread 8,341 846 9,187
_______ _______ _______
8. Controlling party
The company is under the control of the directors.