ZM Electrical Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07246619 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 April 2015 to 5 April 2016

for

ZM Electrical Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Z I Moylan

SECRETARY:

Mrs S Moylan

REGISTERED OFFICE:

33 Openwood Road

Belper

Derbyshire

DE56 0SG

REGISTERED NUMBER:

07246619 (England and Wales)

ACCOUNTANTS:

NP & Associates Limited

2 Besthorpe Close

Oakwood

Derby

DE21 4RQ

FIXED ASSETS

Intangible assets

2

10,417

12,917

Tangible assets

3

9,320

12,237

19,737

25,154

CURRENT ASSETS

Debtors

46,660

48,837

Cash at bank

-

3,604

46,660

52,441

CREDITORS

Amounts falling due within one year

53,771

46,357

NET CURRENT (LIABILITIES)/ASSETS

(7,111

)

6,084

TOTAL ASSETS LESS CURRENT
LIABILITIES

12,626

31,238

PROVISIONS FOR LIABILITIES

1,771

2,447

NET ASSETS

10,855

28,791

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

10,755

28,691

SHAREHOLDERS' FUNDS

10,855

28,791

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 5 April 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 5 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 2 January 2017 and were signed by:

Z I Moylan - Director

1.	ACCOUNTING POLICIES

Accounting convention

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

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tools and equipment

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 5 April 2016

25,000

AMORTISATION

At 1 April 2015

12,083

Amortisation for period

2,500

At 5 April 2016

14,583

NET BOOK VALUE

At 5 April 2016

10,417

At 31 March 2015

12,917

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

29,677

Additions

120

At 5 April 2016

29,797

DEPRECIATION

At 1 April 2015

17,440

Charge for period

3,037

At 5 April 2016

20,477

NET BOOK VALUE

At 5 April 2016

9,320

At 31 March 2015

12,237

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100