Abbreviated Company Accounts - ZAFASH LIMITED

01383001 ZAFASH LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 01383001 2014-04-01 2015-03-31 01383001 2015-03-31 01383001 2014-03-31 01383001 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 01383001 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director3 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director3 2015-03-31 uk-gaap-cd-bus:Director3 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 01383001

ZAFASH LIMITED

Abbreviated Accounts

31 March 2015

ZAFASH LIMITED Registered Number 01383001

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	554,980	574,269
		554,980	574,269
Current assets
Stocks		225,708	220,000
Debtors		208,435	242,187
Investments		1	1
Cash at bank and in hand		320,124	127,029
		754,268	589,217
Creditors: amounts falling due within one year		(572,991)	(624,487)
Net current assets (liabilities)		181,277	(35,270)
Total assets less current liabilities		736,257	538,999
Creditors: amounts falling due after more than one year		(653,551)	(371,946)
Total net assets (liabilities)		82,706	167,053
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		81,706	166,053
Shareholders' funds		82,706	167,053

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 M Z KHAN, Director

ZAFASH LIMITED Registered Number 01383001

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.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Freehold Property - 2% pa on cost
Leasehold Property - 21/2% pa over life of Lease
Fixtures & Fittings - 10% pa on cost
Equipment - 25% pa on cost

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill - 21/2% pa (life of Lease)

2Tangible fixed assets

	£
Cost
At 1 April 2014	1,112,112
Additions	4,500
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	1,116,612
Depreciation
At 1 April 2014	537,843
Charge for the year	23,789
On disposals	-
At 31 March 2015	561,632
Net book values
At 31 March 2015	554,980
At 31 March 2014	574,269

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1,000 Ordinary shares of £1 each	1,000	1,000

4Transactions with directors

Name of director receiving advance or credit:	MR M Z KHAN
Description of the transaction:	Loan to Company
Balance at 1 April 2014:	£ 40,135
Advances or credits made:	£ 39,813
Advances or credits repaid:	-
Balance at 31 March 2015:	£ 79,948

All transactions with the director are shown in the director's current account. The balance at the year end is shown as part of creditors in the notes to the accounts.