Accounts Submission

Accounts Submission

ZELAH DESIGN LTD - Company Information

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ZELAH DESIGN LTD

Company Registration Number:
07660322 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 July 2015

End date: 30 June 2016

ZELAH DESIGN LTD

Abbreviated Balance sheet

As at 30 June 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 2 943 2,003
Total fixed assets: 943 2,003
Current assets
Debtors: 3 0 4,145
Cash at bank and in hand: 44,847 32,401
Total current assets: 44,847 36,546
Creditors: amounts falling due within one year: 4 ( 17,146 ) ( 14,943 )
Net current assets (liabilities): 27,701 21,603
Total assets less current liabilities: 28,644 23,606
Total net assets (liabilities): 28,644 23,606

The notes form part of these financial statements

ZELAH DESIGN LTD

Balance sheet continued

As at 30 June 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 5 50 50
Profit and loss account: 28,594 23,556
Shareholders funds: 28,644 23,606

For the year ending 30 June 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 and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 28 March 2017

SIGNED ON BEHALF OF THE BOARD BY:

Name: James Collins
Status: Director

The notes form part of these financial statements

ZELAH DESIGN LTD

Notes to the Abbreviated Accounts

for the Period Ended 30 June 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention and in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

    Turnover policy

    Turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

    Tangible fixed assets depreciation policy

    Depreciation has been provided in the following rates in order to write off the assets over their estimated useful lives.

    Fixtures and fittings - 10 years straight line basis
    Office equipment (including computer equipment) - 3 year straight line basis

    Other accounting policies

    Deferred taxation:

    Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.

    A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

    Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.

    Deferred tax assets and liabilities are not discounted.

ZELAH DESIGN LTD

Notes to the Abbreviated Accounts

for the Period Ended 30 June 2016

  • 2. Tangible assets

    Total
    Cost £
    01 July 2015: 3,506
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    30 June 2016: 3,506
    Depreciation
    01 July 2015: 1,503
    Charge for year: 1,060
    On disposals: 0
    Other adjustments: 0
    30 June 2016: 2,563
    Net book value
    30 June 2016: 943
    30 June 2015: 2,003

ZELAH DESIGN LTD

Notes to the Abbreviated Accounts

for the Period Ended 30 June 2016

  • 3. Debtors


    2016
    £
    2015
    £
    Other debtors: 0 4,145
    Total: 0 4,145

ZELAH DESIGN LTD

Notes to the Abbreviated Accounts

for the Period Ended 30 June 2016

  • 4. Creditors: amounts falling due within one year


    2016
    £
    2015
    £
    Taxation and social security: 11,213 14,367
    Accruals and deferred income: 558 360
    Other creditors: 5,375 216
    Total: 17,146 14,943

ZELAH DESIGN LTD

Notes to the Abbreviated Accounts

for the Period Ended 30 June 2016

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 50 1.00 50
    Preference shares: 0
    Total share capital (£): 50
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 50 1.00 50
    Preference shares: 0
    Total share capital (£): 50

ZELAH DESIGN LTD

Notes to the Abbreviated Accounts

for the Period Ended 30 June 2016

  • 6. Related party disclosures

    Name of the ultimate controlling party during the period: James Collins

ZELAH DESIGN LTD

Notes to the Abbreviated Accounts

for the Period Ended 30 June 2016

  • 7. Transactions with directors

    Name of director receiving advance or credit James Collins
    Description of the transaction Director Loan
    Balance at 01 July 2015 4,145
    Advances or credits repaid 9,304
    Balance at 30 June 2016 5,159