ZETHEIM ENGINEERING LTD - Filleted accounts

ZETHEIM ENGINEERING LTD - Filleted accounts

ZETHEIM ENGINEERING LTD - Company Information

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Registered number
07109336
ZETHEIM ENGINEERING LTD
Filleted Accounts
31 December 2021
ZETHEIM ENGINEERING LTD
Registered number: 07109336
Balance Sheet
as at 31 December 2021
Notes 2021 2020
£ £
Current assets
Cash at bank and in hand 66,424 74,230
Creditors: amounts falling due within one year 3 (2,849) (10,510)
Net current assets 63,575 63,720
Net assets 63,575 63,720
Capital and reserves
Called up share capital 100 100
Profit and loss account 63,475 63,620
Shareholder's funds 63,575 63,720
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Zbigniew Hargesheimer
Director
Approved by the board on 14 May 2022
ZETHEIM ENGINEERING LTD
Notes to the Accounts
for the year ended 31 December 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current tax liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 0 0
3 Creditors: amounts falling due within one year 2021 2020
£ £
Trade creditors 600 600
Taxation and social security costs 1,436 9,097
Other creditors, shareholders loan 813 813
2,849 10,510
4 Other information
ZETHEIM ENGINEERING LTD is a private company limited by shares and incorporated in England. Its registered office is:
238A King Street
London
W6 0RF
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