Abbreviated Company Accounts - ZNG TECHNOLOGIES LIMITED

ZNG TECHNOLOGIES LIMITED - Company Information

Registered Number 05148624

ZNG TECHNOLOGIES LIMITED

Abbreviated Accounts

31 December 2015

ZNG TECHNOLOGIES LIMITED Registered Number 05148624

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		€	€
Fixed assets
Investments	2	1,850,000	1,850,000
		1,850,000	1,850,000
Current assets
Debtors		-	2,167
		-	2,167
Creditors: amounts falling due within one year		(929)	(625)
Net current assets (liabilities)		(929)	1,542
Total assets less current liabilities		1,849,071	1,851,542
Creditors: amounts falling due after more than one year		(4,247,135)	(4,245,010)
Total net assets (liabilities)		(2,398,064)	(2,393,468)
Capital and reserves
Called up share capital		149	149
Profit and loss account		(2,398,213)	(2,393,617)
Shareholders' funds		(2,398,064)	(2,393,468)

For the year ending 31 December 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 29 September 2016

And signed on their behalf by:
Mrs Andreea Ecaterina Mocanu, Director

ZNG TECHNOLOGIES LIMITED Registered Number 05148624

Notes to the Abbreviated Accounts for the period ended 31 December 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
Going concern
The financial statements have been prepared on a going concern basis.
Group financial statements
The financial statements present information about the company as an individual undertaking and not about its group. In the director's opinion the company can take advantage of the exemptions relating to small sized groups, provided by section 398 of the Companies Act 2006, not to prepare group accounts.

Foreign currency
Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

2Fixed assets Investments
Fixed asset investments are stated at historical cost less provision for any diminution in value.