Zeno Limited - Period Ending 2016-03-31

Registration number: 05398712

Zeno Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

HML Davies Limited
Chartered Certified Accountants
9 Riverside
Waters Meeting Road
Bolton
BL1 8TU

Zeno Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Zeno Limited
(Registration number: 05398712)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			43,612			42,701
Investments					1			1
					43,613			42,702
Current assets
Debtors					1,908,246			1,321,652
Cash at bank and in hand					332,466			94,507
					2,240,712			1,416,159
Creditors: Amounts falling due within one year					(1,160,718)			(719,908)
Net current assets					1,079,994			696,251
Total assets less current liabilities					1,123,607			738,953
Creditors: Amounts falling due after more than one year					-			(3,527)
Net assets					1,123,607			735,426
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					1,123,507			735,326
Shareholders' funds					1,123,607			735,426

For the year ending 31 March 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 28 December 2016 and signed on its behalf by:

.........................................
Mr Andrew Marcus Milne
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

Zeno Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 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 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
Fixtures & Fittings	25% Straight Line
Motor Vehicles	25% Straight Line
Equipment	25% Straight Line
Horses	16.67% Straight Line

Fixed asset investments

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

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.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

Zeno Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 April 2015		184,215			1			184,216
Additions		22,895			-			22,895
Disposals		(15,675)			-			(15,675)
At 31 March 2016		191,435			1			191,436
Depreciation
At 1 April 2015		141,514			-			141,514
Charge for the year		21,839			-			21,839
Eliminated on disposals		(15,530)			-			(15,530)
At 31 March 2016		147,823			-			147,823
Net book value
At 31 March 2016		43,612			1			43,613
At 31 March 2015		42,701			1			42,702

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Abbeyway Commercial Ltd	England	Ordinary	100%	Building projects

The loss for the financial period of Abbeyway Commercial Ltd was £352,938 and the aggregate amount of capital and reserves at the end of the period was (£445,027).

Page 3

Zeno Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
A Ordinary of £1 each		50			50			50			50
B Ordinary of £1 each		25			25			25			25
C Ordinary of £1 each		25			25			25			25
		100			100			100			100

Page 4