Abbreviated Company Accounts - ZORILLA LIMITED

Registered Number 00810309

ZORILLA LIMITED

Abbreviated Accounts

31 March 2015

ZORILLA LIMITED Registered Number 00810309

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	2,500	7,500
		2,500	7,500
Current assets
Debtors		20,779	-
		20,779	-
Creditors: amounts falling due within one year		(3,604)	(2,646)
Net current assets (liabilities)		17,175	(2,646)
Total assets less current liabilities		19,675	4,854
Total net assets (liabilities)		19,675	4,854
Capital and reserves
Called up share capital		2	2
Revaluation reserve		2,000	6,000
Profit and loss account		17,673	(1,148)
Shareholders' funds		19,675	4,854

For the year ending 31 March 2015 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 25 December 2015

And signed on their behalf by:
Mr E Abelesz, Director

ZORILLA LIMITED Registered Number 00810309

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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.

Other accounting policies
Investment properties are revalued annually and the aggregate surplus or deficit transferred to the revaluation reserve except where any deficit is deemed permanent when it is taken to the Profit and Loss Account. No provision is made for depreciation of investment properties. This departure from the requirements of the Companies Act 2006, which requires all properties to be depreciated is, in the opinion of the directors, necessary for the accounts to show a true and fair view. The depreciation charge is only one of the factors reflected in the annual valuation and, therefore, the effect of the departure cannot be readily quantified. The directors consider that this policy results in the accounts giving a true and fair view.

2Tangible fixed assets

	£
Cost
At 1 April 2014	7,500
Additions	4,000
Disposals	(9,000)
Revaluations	-
Transfers	-
At 31 March 2015	2,500
Depreciation
At 1 April 2014	-
Charge for the year	-
On disposals	-
At 31 March 2015	-
Net book values
At 31 March 2015	2,500
At 31 March 2014	7,500