Zedbugs Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 05177563 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

FOR

ZEDBUGS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R G Pilkington

A Gillespie

SECRETARY:

Mrs H Pilkington

REGISTERED OFFICE:

Quayside House Highland Terrace

Barrington Street

Tiverton

Devon

EX16 6PT

REGISTERED NUMBER:

05177563 (England and Wales)

ACCOUNTANTS:

William Withers & Co

Quayside House

Highland Terrace

Barrington Street

TIVERTON

Devon

EX16 6PT

FIXED ASSETS

Tangible assets

2

237

278

CURRENT ASSETS

Stocks

6,500

10,560

Cash at bank

-

27

6,500

10,587

CREDITORS

Amounts falling due within one year

101,360

99,334

NET CURRENT LIABILITIES

(94,860

)

(88,747

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(94,623

)

(88,469

)

CREDITORS

Amounts falling due after more than one
year

1,543

4,027

NET LIABILITIES

(96,166

)

(92,496

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(96,266

)

(92,596

)

SHAREHOLDERS' FUNDS

(96,166

)

(92,496

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 12 April 2017 and were signed on its behalf by:

R G Pilkington - 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.

Tangible fixed assets

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

3,299

DEPRECIATION

At 1 August 2015

3,021

Charge for year

41

At 31 July 2016

3,062

NET BOOK VALUE

At 31 July 2016

237

At 31 July 2015

278

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

100

Ordinary

1

100