ZETA_COMMUNICATIONS_LIMIT - Accounts

ZETA COMMUNICATIONS LIMITED - Company Information

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Company Registration No. 01701849 (England and Wales)

ZETA COMMUNICATIONS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

ZETA COMMUNICATIONS LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

2 - 3

Notes to the abbreviated accounts

4 - 5

ZETA COMMUNICATIONS LIMITED

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ZETA COMMUNICATIONS LIMITED FOR THE YEAR ENDED 31 MARCH 2016

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 5 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Zeta Communications Limited for the year ended 31 March 2016 set out on pages 3 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Zeta Communications Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Zeta Communications Limited and state those matters that we have agreed to state to the Board of Directors of Zeta Communications Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Zeta Communications Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Zeta Communications Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Zeta Communications Limited. You consider that Zeta Communications Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Zeta Communications Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Morris & Co

12 August 2016

Accountants

Chester House

Lloyd Drive

Cheshire Oaks Business Park

Ellesmere Port

Cheshire

CH65 9HQ

ZETA COMMUNICATIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 2 -

2016

2015

Notes

Fixed assets

Tangible assets

353,232

354,133

Investments

310,304

314,862

663,536

668,995

Current assets

Debtors

1,303

14,615

Cash at bank and in hand

12,825

4,960

14,128

19,575

Creditors: amounts falling due within one year

(6,066)

(4,581)

Net current assets

8,062

14,994

Total assets less current liabilities

671,598

683,989

Provisions for liabilities

(46)

(70)

671,552

683,919

Capital and reserves

Called up share capital

38,400

Share premium account

10,000

Profit and loss account

623,152

635,519

Shareholders' funds

671,552

683,919

ZETA COMMUNICATIONS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 3 -

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 10 August 2016

Mr R Pole

Director

Company Registration No. 01701849

ZETA COMMUNICATIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover in relation to rents represents the amounts receivable for the period; in other instances turnover represents net invoiced sales of goods and services.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

various - 25%, 33% and 50% on cost

Investment properties are included in the balance sheet at their open market value. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

The investment return from fixed asset investments is as follows:

Income from fixed securities is accounted for in the period in which it is received.

Dividends are included in the profit and loss when securties are listed as ex-dividend.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

ZETA COMMUNICATIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 5 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 April 2015

356,651

314,862

671,513

Additions

(785)

764

(21)

Disposals

(5,322)

At 31 March 2016

355,866

310,304

666,170

Depreciation

At 1 April 2015

2,518

Charge for the year

116

At 31 March 2016

2,634

Net book value

At 31 March 2016

353,232

310,304

663,536

At 31 March 2015

354,133

314,862

668,995

Share capital

2016

2015

Allotted, called up and fully paid

34,389 Ordinary A shares of £1 each

34,389

11 Ordinary B shares of £1 each

3,989 Ordinary C shares of £1 each

3,989

38,400

Related party relationships and transactions

The directors, R T Pole and Mrs M Pole had an interest free loan outstanding at the beginning of the year of £12,779 and this was fully repaid in the year.