ZN Consulting Limited - Period Ending 2015-05-31

Registration number: 07247346

ZN Consulting Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2015
 

A.Y.A ACCOUNTANTS
82 Blackburn Road
Accrington
Lancashire
BB5 1LL

ZN Consulting Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

ZN Consulting Limited
(Registration number: 07247346)
Abbreviated Balance Sheet at 31 May 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					2,568			3,210
Current assets
Debtors					4,401			-
Cash at bank and in hand					6,094			5,701
					10,495			5,701
Creditors: Amounts falling due within one year					(26,976)			(36,194)
Net current liabilities					(16,481)			(30,493)
Net liabilities					(13,913)			(27,283)
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					(13,914)			(27,284)
Shareholders' deficit					(13,913)			(27,283)

For the year ending 31 May 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 director acknowledges her 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 director on 2 February 2016

.........................................
Miss Zubaira Nawaz
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
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ZN Consulting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	20% reducing balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

ZN Consulting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2014		5,122			5,122
At 31 May 2015		5,122			5,122
Depreciation
At 1 June 2014		1,912			1,912
Charge for the year		642			642
At 31 May 2015		2,554			2,554
Net book value
At 31 May 2015		2,568			2,568
At 31 May 2014		3,210			3,210

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary £1 Shares of £1 each		1			1			1			1

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