Zartech Limited - Accounts to registrar (filleted) - small 18.2

Zartech Limited - Accounts to registrar (filleted) - small 18.2

ZARTECH LIMITED - Company Information

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REGISTERED NUMBER: 06139702 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 4 APRIL 2017 TO 31 MARCH 2018

FOR

ZARTECH LIMITED
ZARTECH LIMITED (REGISTERED NUMBER: 06139702)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 4 APRIL 2017 TO 31 MARCH 2018










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ZARTECH LIMITED

COMPANY INFORMATION
FOR THE PERIOD 4 APRIL 2017 TO 31 MARCH 2018







DIRECTOR: Dr 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
Page 1
ZARTECH LIMITED (REGISTERED NUMBER: 06139702)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 773 268

CURRENT ASSETS
Debtors 5 1,377 11,234
Cash at bank 21,160 23,438
22,537 34,672
CREDITORS
Amounts falling due within one year 6 7,451 16,038
NET CURRENT ASSETS 15,086 18,634
TOTAL ASSETS LESS CURRENT
LIABILITIES
15,859
18,902

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 15,759 18,802
SHAREHOLDERS' FUNDS 15,859 18,902

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2018 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 notes form part of these financial statements

Page 2 continued...
ZARTECH LIMITED (REGISTERED NUMBER: 06139702)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2018


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director on 27 November 2018 and were signed by:





Dr S R Aliwell - Director


The notes form part of these financial statements

Page 3
ZARTECH LIMITED (REGISTERED NUMBER: 06139702)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 4 APRIL 2017 TO 31 MARCH 2018


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.

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.

DIVIDENDS
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when
paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

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.

DEBTORS
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at
fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest
method, less any impairment.

CASH AND CASH EQUIVALENTS
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of
not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months
from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of
change in value.

Page 4 continued...
ZARTECH LIMITED (REGISTERED NUMBER: 06139702)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 4 APRIL 2017 TO 31 MARCH 2018


2. ACCOUNTING POLICIES - continued

CREDITORS
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are
measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the
effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2017 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 4 April 2017 5,819
Additions 824
At 31 March 2018 6,643
Depreciation
At 4 April 2017 5,551
Charge for period 319
At 31 March 2018 5,870
Net book value
At 31 March 2018 773
At 3 April 2017 268

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 1,321 11,234
Social security and other taxe 56 -
1,377 11,234

Page 5 continued...
ZARTECH LIMITED (REGISTERED NUMBER: 06139702)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 4 APRIL 2017 TO 31 MARCH 2018


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 10 186
Corporation tax payable 4,915 12,311
Social security and other taxes - 1,161
VAT 2,339 1,247
Directors' loan accounts 108 1,133
Accrued expenses 79 -
7,451 16,038

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 4 April 2017 18,802
Profit for the period 21,457
Dividends (24,500 )
At 31 March 2018 15,759

9. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The pension cost charge represents contributions
payable by the company to the fund and amounted to NIL (2017: 15,000). No contributions were outstanding at the
balance sheet date.

10. RELATED PARTY DISCLOSURES

During the period, total dividends of £24,500 (2017 - £54,000) were paid to the director .

At balance sheet date, there was an amount due to the director, Mr S R Aliwell for £108 (2017:£1,133).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 Dr S R Aliwell.

Page 6