| Zent South East Limited |
| Notes to the Accounts |
| for the year ended 31 May 2017 |
|
|
| 1 |
Accounting policies |
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|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Plant and machinery |
25% reducing balance basis |
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Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current tax liabilities are not discounted. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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| 2 |
Employees |
2017 |
|
2016 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
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| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 June 2016 |
3,130 |
|
Additions |
742 |
|
At 31 May 2017 |
3,872 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2016 |
1,582 |
|
Charge for the year |
464 |
|
At 31 May 2017 |
2,046 |
|
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|
|
|
|
|
|
|
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Net book value |
|
At 31 May 2017 |
1,826 |
|
At 31 May 2016 |
1,548 |
|
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| 4 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
Additions |
3,051 |
|
|
At 31 May 2017 |
3,051 |
|
|
| 5 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Taxation and social security costs |
993 |
|
10 |
|
Other creditors |
13,399 |
|
14,894 |
|
|
|
|
|
|
14,392 |
|
14,904 |
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| 6 |
Other information |
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Zent South East Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
5 Reed Pond Walk |
|
Langdon Hills |
|
Basildon |
|
Essex |
|
SS16 6AX |
