Abbreviated Company Accounts - ZEM (HATTON GARDEN) LIMITED

ZEM (HATTON GARDEN) LIMITED - Company Information

01492768 ZEM (HATTON GARDEN) LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 01492768 2014-01-01 2014-12-31 01492768 2014-12-31 01492768 2013-12-31 01492768 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 01492768 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 01492768

ZEM (HATTON GARDEN) LIMITED

Abbreviated Accounts

31 December 2014

ZEM (HATTON GARDEN) LIMITED Registered Number 01492768

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	525	656
		525	656
Current assets
Stocks		41,137	38,743
Debtors		68,100	64,740
Cash at bank and in hand		160,904	134,615
		270,141	238,098
Creditors: amounts falling due within one year		(85,109)	(104,609)
Net current assets (liabilities)		185,032	133,489
Total assets less current liabilities		185,557	134,145
Total net assets (liabilities)		185,557	134,145
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		185,457	134,045
Shareholders' funds		185,557	134,145

For the year ending 31 December 2014 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 23 March 2016

And signed on their behalf by:
SIMON MOLLER, Director

ZEM (HATTON GARDEN) LIMITED Registered Number 01492768

Notes to the Abbreviated Accounts for the period ended 31 December 2014

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, exclusive of Value Added Tax.

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:

Fixtures & Fittings - 15% on cost
Equipment - 15% on cost

Other accounting policies
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Tangible fixed assets

	£
Cost
At 1 January 2014	23,766
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	23,766
Depreciation
At 1 January 2014	23,110
Charge for the year	131
On disposals	-
At 31 December 2014	23,241
Net book values
At 31 December 2014	525
At 31 December 2013	656

All fixed assets are initially recorded at cost.

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

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100