ZM Architecture Ltd. - Abbreviated accounts 16.3

REGISTERED NUMBER: SC209407 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2016

for

ZM Architecture Ltd.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

N Blair

P Richardson

SECRETARY:

Mrs M L Richardson

REGISTERED OFFICE:

62 Albion Street

Glasgow

G1 1NY

REGISTERED NUMBER:

SC209407 (Scotland)

ACCOUNTANTS:

Gerber Landa & Gee

Chartered Accountants

Chartered Tax Advisers

Pavilion 1

Finnieston Business Park

Minerva Way

GLASGOW

G3 8AU

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

1,488

3,302

1,488

3,302

CURRENT ASSETS

Debtors

214,785

107,462

Cash at bank

32,355

69,163

247,140

176,625

CREDITORS

Amounts falling due within one year

4

137,668

114,082

NET CURRENT ASSETS

109,472

62,543

TOTAL ASSETS LESS CURRENT
LIABILITIES

110,960

65,845

CREDITORS

Amounts falling due after more than one
year

4

28,897

37,557

NET ASSETS

82,063

28,288

CAPITAL AND RESERVES

Called up share capital

5

1,500

Profit and loss account

80,563

26,788

SHAREHOLDERS' FUNDS

82,063

28,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 1 February 2017 and were signed on its behalf by:

N Blair - Director

P Richardson - 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 2005, 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.

Plant and machinery etc

-

33% on cost, 15% on reducing balance and 10% on cost

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Amounts recoverable on contracts

Amounts recoverable on contracts represents the excess of the value of work carried out to the balance sheet date

(which has been recorded as turnover) over cumulative payments on account. This valuation follows the process

of contract revenue recognition and is directly linked to turnover.

Provision is made for any anticipated losses on unprofitable contracts.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

50,000

AMORTISATION

At 1 November 2015

and 31 October 2016

50,000

NET BOOK VALUE

At 31 October 2016

-

At 31 October 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

62,607

DEPRECIATION

At 1 November 2015

59,305

Charge for year

1,814

At 31 October 2016

61,119

NET BOOK VALUE

At 31 October 2016

1,488

At 31 October 2015

3,302

4.

CREDITORS

Creditors include an amount of £ 38,269 (31.10.15 - £ 55,528 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.10.16

31.10.15

£

Repayable by instalments

-

766

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

2

Ordinary

1

1,500

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2016 and

31 October 2015:

31.10.16

31.10.15

£

N Blair

Balance outstanding at start of year

6,462

4,094

Amounts advanced

7,800

6,369

Amounts repaid

(4,320

)

(4,001

)

Balance outstanding at end of year

9,942

6,462

P Richardson

Balance outstanding at start of year

488

145

Amounts advanced

8,028

6,345

Amounts repaid

(6,480

)

(6,002

)

Balance outstanding at end of year

2,036

488