ZELINAJ8 Limited - Period Ending 2017-03-31

Registration number: 10044860

ZELINAJ8 Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2017

Accounts Direct Limited

ZELINAJ8 Limited

Contents

Company Information	1
Director's Report	2
Statement of Director's Responsibilities	3
Accountants' Report	4
Profit and Loss Account	5
Statement of Comprehensive Income	6
Balance Sheet	7
Statement of Changes in Equity	8
Notes to the Financial Statements	9 to 11

ZELINAJ8 Limited

Company Information

Director

Ms Lisa Amah

Registered office

20 Helford Close Aylesbury Buckinghamshire HP21 8BG

Accountants

Accounts Direct Limited

Page 1

ZELINAJ8 Limited

Director's Report for the Year Ended 31 March 2017

The director presents her report and the financial statements for the year ended 31 March 2017.

Director of the company

The director who held office during the year was as follows:

Ms Lisa Amah

Principal activity

The principal activity of the company is Hospital activities.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 25 July 2017 and signed on its behalf by:

.........................................
Ms Lisa Amah
Director

Page 2

ZELINAJ8 Limited

Statement of Director's Responsibilities

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless she is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable her to ensure that the financial statements comply with the Companies Act 2006 and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime. She is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 3

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
ZELINAJ8 Limited
for the Year Ended 31 March 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ZELINAJ8 Limited for the year ended 31 March 2017 as set out on pages 5 to 11 from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that ZELINAJ8 Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ZELINAJ8 Limited. You consider that ZELINAJ8 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of ZELINAJ8 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Accounts Direct Limited

Date:.............................

Page 4

ZELINAJ8 Limited

Profit and Loss Account for the Year Ended 31 March 2017

	Note	Total 31 March 2017 £
Turnover		22,006
Administrative expenses		(18,794)
Operating profit		3,212
Profit before tax	3	3,212
Taxation		(642)
Profit for the financial year		2,570

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

The notes on pages 9 to 11 form an integral part of these financial statements.

Page 5

ZELINAJ8 Limited

Statement of Comprehensive Income for the Year Ended 31 March 2017

	Note	2017 £
Profit for the year		2,570
Total comprehensive income for the year		2,570

The notes on pages 9 to 11 form an integral part of these financial statements.

Page 6

ZELINAJ8 Limited

(Registration number: 10044860)
Balance Sheet as at 31 March 2017

	Note	2017 £
Current assets
Debtors	4	711
Creditors: Amounts falling due within one year		(710)
Net assets		1
Capital and reserves
Called up share capital		1
Total equity		1

For the financial year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 25 July 2017
 

.........................................

Ms Lisa Amah

Director

The notes on pages 9 to 11 form an integral part of these financial statements.

Page 7

ZELINAJ8 Limited

Statement of Changes in Equity for the Year Ended 31 March 2017

	Share capital £	Profit and loss account £	Total £
Profit for the year	-	2,570	2,570
Total comprehensive income	-	2,570	2,570
Dividends	-	(2,570)	(2,570)
New share capital subscribed	1	-	1
At 31 March 2017	1	-	1

The notes on pages 9 to 11 form an integral part of these financial statements.

Page 8

ZELINAJ8 Limited

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

1	General information

The company is a private company limited by share capital incorporated in England.

The address of its registered office is:
20 Helford Close
Aylesbury
Buckinghamshire
HP21 8BG
England

These financial statements were authorised for issue by the director on 25 July 2017.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Page 9

ZELINAJ8 Limited

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

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Profit before tax

Arrived at after charging/(crediting)

2017 £

4

Debtors

	2017 £
Other debtors	711
Total current trade and other debtors	711

Page 10

ZELINAJ8 Limited

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

5	Loans and borrowings

	2017 £
Current loans and borrowings
Bank overdrafts	68

Page 11

ZELINAJ8 Limited

Detailed Profit and Loss Account for the Year Ended 31 March 2017

2017 £

Turnover
Sale of goods, UK	22,006

Employee benefits expense
Directors remuneration	8,050
Staff training	200
	8,250

Other expenses
Rent and rates	1,500
Insurance	197
Administrative and office expenses	756
Travel and subsistence	7,441
Accountancy fees	650
	10,544

This page does not form part of the statutory financial statements.

Page 12