Zenserve IT Limited - Accounts to registrar - small 17.1.1

Zenserve IT Limited - Accounts to registrar - small 17.1.1

ZENSERVE IT LIMITED - Company Information

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REGISTERED NUMBER: 07124621 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 31 January 2017

for

Zenserve IT Limited

Zenserve IT Limited (Registered number: 07124621)






Contents of the Financial Statements
for the Year Ended 31 January 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Zenserve IT Limited

Company Information
for the Year Ended 31 January 2017







DIRECTORS: S K Anderson
Dr G Wu





REGISTERED OFFICE: 2nd Floor
Claremont House
Claremont Bank
Shrewsbury
Shropshire
SY1 1RW





REGISTERED NUMBER: 07124621 (England and Wales)
Page 1
Zenserve IT Limited (Registered number: 07124621)

Abridged Balance Sheet
31 January 2017

31.1.17 31.1.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,879 3,387
2,879 3,387

CURRENT ASSETS
Stocks - 2,722
Debtors 17,961 18,498
Cash at bank 4,593 10,888
22,554 32,108
CREDITORS
Amounts falling due within one year 21,268 19,057
NET CURRENT ASSETS 1,286 13,051
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,165
16,438

PROVISIONS FOR LIABILITIES 6 547 677
NET ASSETS 3,618 15,761

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,616 15,759
SHAREHOLDERS' FUNDS 3,618 15,761

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 notes form part of these financial statements

Page 2 continued...
Zenserve IT Limited (Registered number: 07124621)

Abridged Balance Sheet - continued
31 January 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 19 June 2017 and were signed on its behalf by:




S K Anderson - Director



Dr G Wu - Director


The notes form part of these financial statements

Page 3
Zenserve IT Limited (Registered number: 07124621)

Notes to the Financial Statements
for the Year Ended 31 January 2017

1. STATUTORY INFORMATION

Zenserve IT Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted
or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal
of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

Page 4 continued...
Zenserve IT Limited (Registered number: 07124621)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2017

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2016
and 31 January 2017 1,500
AMORTISATION
At 1 February 2016
and 31 January 2017 1,500
NET BOOK VALUE

At 31 January 2017 -
At 31 January 2016 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2016
and 31 January 2017 5,906
DEPRECIATION
At 1 February 2016 2,519
Charge for year 508
At 31 January 2017 3,027
NET BOOK VALUE
At 31 January 2017 2,879
At 31 January 2016 3,387

6. PROVISIONS FOR LIABILITIES
31.1.17 31.1.16
£    £   
Deferred tax 547 677

Deferred
tax
£   
Balance at 1 February 2016 677
Provided during year (130 )
Balance at 31 January 2017 547

Page 5