ZMU Limited Small abbreviated accounts
ZMU Limited Small abbreviated accounts
COMPANY REGISTRATION NUMBER
09438343
FOR THE PERIOD ENDED
ABBREVIATED BALANCE SHEET
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29 Feb 16 |
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Note |
£ |
£ |
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FIXED ASSETS |
2 |
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Tangible assets |
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CURRENT ASSETS
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Debtors |
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Cash at bank and in hand |
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--------- |
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119,932 |
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CREDITORS: Amounts falling due within one year |
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NET CURRENT LIABILITIES |
(
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------------ |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: Amounts falling due after more than one year |
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--------- |
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CAPITAL AND RESERVES
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Called up equity share capital |
4 |
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Profit and loss account |
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-------- |
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SHAREHOLDERS' FUNDS |
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-------- |
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Director's responsibilities:
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The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts were approved and signed by the director and authorised for issue on
7 November 2016
.
Company Registration Number:
09438343
NOTES TO THE ABBREVIATED ACCOUNTS
PERIOD FROM 13TH FEBRUARY 2015 TO 29TH FEBRUARY 2016
1.
ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax.
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
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:
Motor Vehicles
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25% Reducing balance
Equipment
-
20% Reducing balance
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less tax.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
2.
FIXED ASSETS
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Tangible Assets |
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£ |
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COST
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Additions |
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------------ |
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At 29th February 2016 |
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DEPRECIATION
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Charge for period |
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------- |
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At 29th February 2016 |
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------- |
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NET BOOK VALUE
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At 29th February 2016 |
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------------ |
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At 12th February 2015 |
– |
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3.
TRANSACTIONS WITH DIRECTOR
During the period the following transactions took place between the company and the directors:
A loan of £77,000 was made by the director,
Miss F Watkin
to the company,of which £12,300 was repaid before the balance sheet date.
The company paid management fees of £9,167 to Mr A Moore, who was a director during the period.
100 ordinary shares were issued to the director,
Miss F Watkin
, and her sisters through this loan account.
At the balance sheet date the company owed
Miss F Watkin
, the director £814,633. All the above advances were interest free and were unsecured. There were no fixed payment terms.
4.
SHARE CAPITAL
Allotted, called up and fully paid:
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No |
£ |
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