Zettlex (UK) Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06822548 (England and Wales)

Unaudited Financial Statements

For The Year Ended 28 February 2017

for

Zettlex (UK) Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M A Howard

Dr D Kreit

SECRETARY:

Dr D Kreit

REGISTERED OFFICE:

Newton Court

Town Street

Newton

Cambridge

Cambridgeshire

CB22 7PE

REGISTERED NUMBER:

06822548 (England and Wales)

ACCOUNTANTS:

Giess Wallis Crisp LLP

10-12 Mulberry Green

Old Harlow

Essex

CM17 0ET

FIXED ASSETS

Tangible assets

4

62,115

44,744

CURRENT ASSETS

Stocks

297,346

220,788

Debtors

682,095

535,866

Cash at bank

568,798

381,555

1,548,239

1,138,209

CREDITORS

Amounts falling due within one year

944,300

318,070

NET CURRENT ASSETS

603,939

820,139

TOTAL ASSETS LESS CURRENT LIABILITIES

666,054

864,883

PROVISIONS FOR LIABILITIES

12,423

8,948

NET ASSETS

653,631

855,935

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

653,627

855,931

SHAREHOLDERS' FUNDS

653,631

855,935

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 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 Statement of Financial Position for the year ended 28 February 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 10 July 2017 and were signed on its behalf by:

Mr M A Howard - Director

1.	STATUTORY INFORMATION

Zettlex (UK) 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.

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 and 25% 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 have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

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

statement of financial position 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the

operating result.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2016 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2016

82,211

Additions

43,892

At 28 February 2017

126,103

DEPRECIATION

At 1 March 2016

37,467

Charge for year

26,521

At 28 February 2017

63,988

NET BOOK VALUE

At 28 February 2017

62,115

At 29 February 2016

44,744

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 were paid to the directors .

6.	ULTIMATE CONTROLLING PARTY

Mr M A Howard and Dr D Kreit, the directors of the company, are in ultimate control of the company.