ZENECO LIMITED,Ltd - Accounts

ZENECO LIMITED - Company Information

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ZENECO LIMITED

For the year ended 31 May 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 09054470

Contents Page

ZENECO LIMITED

For the year ended 31 May 2016

Accountants' Report

Balance Sheet

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Notes to the Abbreviated Financial Statements

ZENECO LIMITED

Accountants' Report

For the year ended 31 May 2016

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 May

2016 and you consider that the company is exempt from an audit under the Companies Act 2006.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil

your statutory responsibilities, from the accounting records and information and explanations supplied to us.

C M Accountancy Ltd

Woodcote,Park Farm

Tolleshunt Knights

Maldon

Essex

CM9 8HB

16 February 2017

Dated:

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Abbreviated Balance Sheet

ZENECO LIMITED

As at 31 May 2016

09054470

Registered Number :

2016

Notes

2015

Fixed assets

Tangible assets

720

Current assets

Stocks

570,687

670,123

Debtors

18,359

Cash at bank and in hand

990

18,059

689,472

588,746

Creditors: amounts falling due within one year

(592,152)

(666,361)

(3,406)

23,111

Net current assets

Total assets less current liabilities

23,831

(3,406)

23,831

Net assets/liabilities

(3,406)

Capital and reserves

Called up share capital

Profit and loss account

23,829

(3,408)

23,831

(3,406)

Shareholders funds

For the year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) 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.

Date approved by the board: 16 February 2017

S C Morley Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

ZENECO LIMITED

For the year ended 31 May 2016

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the profit and loss account on a straight line basis.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the

shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

20% Reducing balance

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of

ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the

shorter of the lease term and their estimated expected useful lives.

Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

Stocks and work in progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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Notes to the Abbreviated Financial Statements

ZENECO LIMITED

For the year ended 31 May 2016

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

899

Additions

At 31 May 2016

899

Depreciation

179

Charge for year

179

At 31 May 2016

Net book values

At 31 May 2016

720

3 Creditors: amounts falling due within one year

Other Creditors includes private loan of £275,000 secured by first charge over house purchased and shown in Work in progress.

4 Share capital

Allotted called up and fully paid

2016

2015

2 Class A shares of £1.00 each

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