Zian Hi-Tech (U.K.) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03584903 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

ZIAN HI-TECH (U.K.) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

H Ma

SECRETARY:

Ms J H 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

2

12,593

17,121

CURRENT ASSETS

Stocks

1,116,372

-

Debtors

1,550,183

2,545,749

Cash at bank

93,934

247,446

2,760,489

2,793,195

CREDITORS

Amounts falling due within one year

2,769,219

2,805,805

NET CURRENT LIABILITIES

(8,730

)

(12,610

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,863

4,511

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

3,763

4,411

SHAREHOLDERS' FUNDS

3,863

4,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 18 December 2014 and were signed by:

H Ma - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

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

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

47,062

DEPRECIATION

At 1 April 2013

29,941

Charge for year

4,528

At 31 March 2014

34,469

NET BOOK VALUE

At 31 March 2014

12,593

At 31 March 2013

17,121

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary shares

1

100

100