Zartech Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06139702 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2016 TO 3 APRIL 2017

FOR

ZARTECH LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr S R Aliwell

SECRETARY:

Mrs P Aliwell

REGISTERED OFFICE:

71 Kenwood Drive

Beckenham

Kent

BR3 6QZ

REGISTERED NUMBER:

06139702 (England and Wales)

ACCOUNTANTS:

Acuity Professional Ltd

Fifth Floor

11 Leadenhall Street

London

EC3V 1LP

FIXED ASSETS

Tangible assets

4

268

746

CURRENT ASSETS

Debtors

5

11,235

10,609

Cash at bank

23,438

26,080

34,673

36,689

CREDITORS

Amounts falling due within one year

6

16,039

13,324

NET CURRENT ASSETS

18,634

23,365

TOTAL ASSETS LESS CURRENT LIABILITIES

18,902

24,111

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

18,802

24,011

SHAREHOLDERS' FUNDS

18,902

24,111

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 3 April 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 3 April 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 21 December 2017 and were signed by:

Mr S R Aliwell - Director

1.	STATUTORY INFORMATION

Zartech 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 preparation of financial statements in conformity with FRS 102 Section 1A requires the use of certain

critical accounting estimates. It also requires management to exercise judgement in applying the company's

accounting policies.

Information on the impact of first-time adoption of FRS 102 Section 1A is given in the last note in notes to the

financial statements. The following principal accounting policies have been applied:

ACCOUNTING ESTIMATES AND JUDGEMENTS

In preparing the financial statements, management were not required to make any estimates or judgements which

materially affect reported income, expenses, assets, liabilities or disclosure of contingent assets and liabilities.

TURNOVER

Turnover represents net invoiced sales of services, excluding value added tax.

TANGIBLE FIXED ASSETS

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the following annual rates

in order to write off each asset over its estimated useful life.

Computer equipment - 33% on cost

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 period was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

Cost

At 1 April 2016

5,470

Additions

349

At 3 April 2017

5,819

Depreciation

At 1 April 2016

4,724

Charge for period

827

At 3 April 2017

5,551

Net book value

At 3 April 2017

268

At 31 March 2016

746

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

11,235

10,609

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

186

90

Corporation tax payable

12,311

10,237

Social security and other taxes

1,162

157

VAT

1,247

1,417

Directors' loan accounts

1,133

-

Accrued expenses

-

1,423

16,039

13,324

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 April 2016

24,011

Profit for the period

48,791

Dividends

(54,000

)

At 3 April 2017

18,802

9.	PENSION COMMITMENTS

The Company operates a defined contribution pension scheme. The pension cost charge represents

contributions payable by the company and amounted to £15,000 (2016 - £10,000). No contributions were

outstanding at the balance sheet date.

10.	RELATED PARTY DISCLOSURES

During the period, total dividends of £54,000 (2016 - £45,000) were paid to the director .

At balance sheet date, there was an amount due to the director, Mr S R Aliwell for £1,133 (2016:NIL).This is an

interest free advance to the company and does not have a fixed date of repayment.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr S R Aliwell.

12.	FIRST YEAR ADOPTION

This was the first year that the company has presented its results under FRS 102 section 1A. The last financial

statements under FRSSE 2015 were for the year ended 31 March 2016. The date of transition to FRS 102 section

1A was 1 April 2016.

There is no impact on either the Profit and Loss account or the net assets of the company upon the transition to

FRS 102 section 1A.