Zian Hi-Tech (U.K.) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03584903 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

ZIAN HI-TECH (U.K.) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTOR:

Mr H Ma

SECRETARY:

Ms J Huang

REGISTERED OFFICE:

Mulberry Cottage

Clamp Hill

Stanmore

Middlesex

HA7 3JQ

REGISTERED NUMBER:

03584903 (England and Wales)

ACCOUNTANTS:

Business Orchard

Chartered Accountants

3a Chestnut House

Farm Close

Shenley

Hertfordshire

WD7 9AD

FIXED ASSETS

Tangible assets

4

1,218

1,164

CURRENT ASSETS

Stocks

960,316

993,269

Debtors

5

286,000

2,984,467

Cash at bank and in hand

12,104,981

3,100,784

13,351,297

7,078,520

CREDITORS

Amounts falling due within one year

6

13,369,670

7,061,183

NET CURRENT (LIABILITIES)/ASSETS

(18,373

)

17,337

TOTAL ASSETS LESS CURRENT LIABILITIES

(17,155

)

18,501

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(17,255

)

18,401

SHAREHOLDERS' FUNDS

(17,155

)

18,501

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director on 19 December 2017 and were signed by:

Mr H Ma - Director

1.	STATUTORY INFORMATION

Zian Hi-Tech (U.K.) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The company continues to be supported by the director. Therefore it is considered appropriate to prepare the

accounts on a going concern basis.

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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

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.

Foreign currencies

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

balance sheet 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 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2016

5,674

10,663

16,337

Additions

-

460

460

At 31 March 2017

5,674

11,123

16,797

DEPRECIATION

At 1 April 2016

5,579

9,594

15,173

Charge for year

24

382

406

At 31 March 2017

5,603

9,976

15,579

NET BOOK VALUE

At 31 March 2017

71

1,147

1,218

At 31 March 2016

95

1,069

1,164

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

240,437

412,261

Other debtors

45,563

2,572,206

286,000

2,984,467

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

6,449,552

6,016,698

Taxation and social security

5,225

17,284

Other creditors

6,914,893

1,027,201

13,369,670

7,061,183

7.	ULTIMATE CONTROLLING PARTY