Abbreviated Company Accounts - ZEAL ELECTRONICS LIMITED

ZEAL ELECTRONICS LIMITED - Company Information

04610251 ZEAL ELECTRONICS LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 04610251 2013-01-01 2013-12-31 04610251 2013-12-31 04610251 2012-12-31 04610251 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 04610251 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 04610251

ZEAL ELECTRONICS LIMITED

Abbreviated Accounts

31 December 2013

ZEAL ELECTRONICS LIMITED Registered Number 04610251

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Intangible assets	2	60,000	80,000
Tangible assets	3	194,947	220,155
		254,947	300,155
Current assets
Stocks		58,940	63,775
Debtors		296,039	279,370
Cash at bank and in hand		826	3,826
		355,805	346,971
Creditors: amounts falling due within one year	4	(421,399)	(388,213)
Net current assets (liabilities)		(65,594)	(41,242)
Total assets less current liabilities		189,353	258,913
Creditors: amounts falling due after more than one year	4	(4,595)	(18,181)
Provisions for liabilities		(33,561)	(37,766)
Total net assets (liabilities)		151,197	202,966
Capital and reserves
Called up share capital	5	50,000	50,000
Profit and loss account		101,197	152,966
Shareholders' funds		151,197	202,966

For the year ending 31 December 2013 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 17 September 2014

And signed on their behalf by:
Mr A Hagin, Director
Mr D Hagin, Director

ZEAL ELECTRONICS LIMITED Registered Number 04610251

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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
Turnover is invoiced sales less VAT

Tangible assets depreciation policy
Assets written off over useful lives at 5/10% Cost and 25% Reducing balance.

2Intangible fixed assets

	£
Cost
At 1 January 2013	202,796
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	202,796
Amortisation
At 1 January 2013	122,796
Charge for the year	20,000
On disposals	-
At 31 December 2013	142,796
Net book values
At 31 December 2013	60,000
At 31 December 2012	80,000

3Tangible fixed assets

	£
Cost
At 1 January 2013	314,742
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	314,742
Depreciation
At 1 January 2013	94,587
Charge for the year	25,208
On disposals	-
At 31 December 2013	119,795
Net book values
At 31 December 2013	194,947
At 31 December 2012	220,155

4Creditors

	2013 £	2012 £
Secured Debts	131,315	128,305

5Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
50,000 Ordinary shares of £1 each	50,000	50,000