Zinter Ltd - Period Ending 2016-02-29

Registration number: 08423785

Zinter Ltd

Unaudited Abbreviated Accounts

for the Year Ended 29 February 2016
 

Malcolm Neal ACMA - AIMS Accountants for Business
Chartered Management Accountant
Chapel House
Chittlehamholt
Umberleigh
Devon
EX37 9NS

Zinter Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Management Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Zinter Ltd
for the Year Ended 29 February 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the unaudited accounts of Zinter Ltd for the year ended 29 February 2016 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

As a Member in Practice of the Chartered Institute of Management Accountants(CIMA), we are subject to its ethical and other professional requirements which are detailed at cimaglobal.com/Members/Members-handbook.

This report is made solely to the Board of Directors of Zinter Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Zinter Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Zinter Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Zinter Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Zinter Ltd. You consider that Zinter Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Zinter Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Malcolm Neal ACMA - AIMS Accountants for Business
Chartered Management Accountant
Chapel House
Chittlehamholt
Umberleigh
Devon
EX37 9NS

21 November 2016

Page 1

Registration number: 08423785

Zinter Ltd
at 29 February 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					14,892			7,229
Current assets
Stocks					75,324			75,324
Debtors					9,505			7,570
Cash at bank and in hand					9,526			16,554
					94,355			99,448
Creditors: Amounts falling due within one year					(33,619)			(104,495)
Net current assets/(liabilities)					60,736			(5,047)
Net assets					75,628			2,182
Capital and reserves
Called up share capital		3			1,515			1,351
Share premium account					403,411			104,629
Profit and loss account					(329,298)			(103,798)
Shareholders' funds					75,628			2,182

For the year ending 29 February 2016 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 21 November 2016 and signed on its behalf by:

.........................................
Mr Shane Lee Nelson
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Zinter Ltd
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... 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 January 2015).

Turnover

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

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

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
Plant and machinery	20% straight line basis
Fixtures and fittings	20% straight line basis
Office equipment	25% straight line basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

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.

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 3

Zinter Ltd
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 March 2015		10,513			10,513
Additions		12,813			12,813
At 29 February 2016		23,326			23,326
Depreciation
At 1 March 2015		3,284			3,284
Charge for the year		5,150			5,150
At 29 February 2016		8,434			8,434
Net book value
At 29 February 2016		14,892			14,892
At 28 February 2015		7,229			7,229

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		1,515			1,515			1,351			1,351

New shares allotted

During the year 164 Ordinary having an aggregate nominal value of £164 were allotted for an aggregate consideration of £298,946. new issue.

Page 4