Z_NETWORKS_LIMITED - Accounts

Z NETWORKS LIMITED - Company Information

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Company Registration No. 05942828 (England and Wales)

Z NETWORKS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

Z NETWORKS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

Z NETWORKS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2014

- 1 -

2014

2013

Notes

Current assets

Debtors

1,462

1,305

Cash at bank and in hand

2,917

2,621

4,379

3,926

Creditors: amounts falling due within one year

(14,196)

(15,592)

Total assets less current liabilities

(9,817)

(11,666)

Capital and reserves

Called up share capital

150

Profit and loss account

(9,967)

(11,816)

Shareholders' funds

(9,817)

(11,666)

For the financial year ended 30 September 2014 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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 29 June 2015

Mr O S G Zampieri

Director

Company Registration No. 05942828

Z NETWORKS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

50% straight line

Share capital

2014

2013

Allotted, called up and fully paid

50 Ordinary A shares of £1 each

50 Ordinary B shares of £1 each

50 Ordinary C shares of £1 each

150

Ultimate parent company

The company is controlled by the directors by virtue of their shareholding within the company.