Zeus Hydratech Limited - Period Ending 2014-09-30

Registration number: 05230249

Zeus Hydratech Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2014
 

Marshall + Co Accountants LLP
St Mary's House,
Crewe Road,
Alsager
Stoke-on-Trent
ST7 2EW

Zeus Hydratech Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Zeus Hydratech Limited
for the Year Ended 30 September 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Zeus Hydratech Limited for the year ended 30 September 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Zeus Hydratech Limited, as a body, in accordance with the terms of our engagement letterdated 18 October 2013. Our work has been undertaken solely to prepare for your approval the accounts of Zeus Hydratech Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Zeus Hydratech Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Zeus Hydratech Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Zeus Hydratech Limited. You consider that Zeus Hydratech Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Zeus Hydratech Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Marshall + Co Accountants LLP
St Mary's House,
Crewe Road,
Alsager
Stoke-on-Trent
ST7 2EW

26 May 2015

Page 1

Zeus Hydratech Limited
(Registration number: 05230249)
Abbreviated Balance Sheet at 30 September 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					2,882			2,889
Current assets
Stocks					12,142			32,273
Debtors					87,234			21,111
Cash at bank and in hand					70,617			20,794
					169,993			74,178
Creditors: Amounts falling due within one year					(138,899)			(71,987)
Net current assets					31,094			2,191
Net assets					33,976			5,080
Capital and reserves
Called up share capital		3			100			2
Profit and loss account					33,876			5,078
Shareholders' funds					33,976			5,080

For the year ending 30 September 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 26 May 2015 and signed on its behalf by:

.........................................
Mr O L Starr
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Zeus Hydratech Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 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
Fixtures and fittings	straight line over 3 years
Motor vehicles	25% on reducing balance
Office equipment	straight line over 3 years
Computer equipment	straight line over 3 years

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

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.

Page 3

Zeus Hydratech Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2013		15,454			15,454
Additions		2,257			2,257
At 30 September 2014		17,711			17,711
Depreciation
At 1 October 2013		12,565			12,565
Charge for the year		2,264			2,264
At 30 September 2014		14,829			14,829
Net book value
At 30 September 2014		2,882			2,882
At 30 September 2013		2,889			2,889

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		100			100			2			2

Page 4