Abbreviated Company Accounts - ZAFASH LIMITED

01383001 ZAFASH LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 01383001 2013-04-01 2014-03-31 01383001 2014-03-31 01383001 2013-03-31 01383001 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 01383001 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director3 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director3 2014-03-31 uk-gaap-cd-bus:Director3 2013-03-31 iso4217:GBP shares

Registered Number 01383001

ZAFASH LIMITED

Abbreviated Accounts

31 March 2014

ZAFASH LIMITED Registered Number 01383001

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	574,269	596,629
		574,269	596,629
Current assets
Stocks		220,000	220,535
Debtors		242,187	254,710
Investments		1	1
Cash at bank and in hand		127,029	115,755
		589,217	591,001
Creditors: amounts falling due within one year		(624,487)	(508,470)
Net current assets (liabilities)		(35,270)	82,531
Total assets less current liabilities		538,999	679,160
Creditors: amounts falling due after more than one year		(371,946)	(424,091)
Total net assets (liabilities)		167,053	255,069
Capital and reserves
Called up share capital		1,000	1,000
Revaluation reserve		406,220	406,220
Profit and loss account		(240,167)	(152,151)
Shareholders' funds		167,053	255,069

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 December 2014

And signed on their behalf by:
Mr M Z Khan, Director

ZAFASH LIMITED Registered Number 01383001

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Freehold Property - 2% pa on cost
Leasehold Property - 2 1/2% pa over life of Lease
Fixtures & Fittings - 10% pa on cost
Equipment - 25% pa on cost

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill - 2 1/2% pa (life of lease)

2Tangible fixed assets

	£
Cost
At 1 April 2013	1,110,683
Additions	1,429
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	1,112,112
Depreciation
At 1 April 2013	514,054
Charge for the year	23,789
On disposals	-
At 31 March 2014	537,843
Net book values
At 31 March 2014	574,269
At 31 March 2013	596,629

3Transactions with directors

Name of director receiving advance or credit:	Mr M Z Khan
Description of the transaction:	Additional Loan
Balance at 1 April 2013:	£ 33,350
Advances or credits made:	£ 6,785
Advances or credits repaid:	-
Balance at 31 March 2014:	£ 40,135

All transactions with the director are shown in the director's current account. The balance at the year end is shown as part of other creditors in the notes to the accounts.