ZEUS_PRODUCTS_(BLACKBURN) - Accounts

ZEUS PRODUCTS (BLACKBURN) LIMITED - Company Information

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Company Registration No. 07434741 (England and Wales)

ZEUS PRODUCTS (BLACKBURN) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

ZEUS PRODUCTS (BLACKBURN) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ZEUS PRODUCTS (BLACKBURN) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

57,608

60,166

Current assets

Stocks

4,361

9,497

Debtors

97,151

105,436

Cash at bank and in hand

2,284

4,190

103,796

119,123

Creditors: amounts falling due within one year

(144,825)

(141,208)

Net current liabilities

(41,029)

(22,085)

Total assets less current liabilities

16,579

38,081

Provisions for liabilities

(6,588)

(6,017)

9,991

32,064

Capital and reserves

Called up share capital

100

Profit and loss account

9,891

31,964

Shareholders' funds

9,991

32,064

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 20 April 2017

Mrs S J Woods

Director

Company Registration No. 07434741

ZEUS PRODUCTS (BLACKBURN) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 2 -

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).

The director considers that the company will have sufficient resources to continue trading for the foreseeable future. As a result the director has continued to adopt the going concern basis in preparing the financial statements.

1.2

Turnover

Turnover represents amounts receivable for goods and services provided net of VAT and trade discounts.

1.3

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

10% reducing balance

Motor vehicles

25% reducing balance

Fixed assets

Tangible assets

Cost

At 1 May 2015

82,889

Additions

4,375

At 30 April 2016

87,264

Depreciation

At 1 May 2015

22,723

Charge for the period

6,933

At 30 April 2016

29,656

Net book value

At 30 April 2016

57,608

At 30 April 2015

60,166

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

ZEUS PRODUCTS (BLACKBURN) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Related party relationships and transactions

Loans to the director

Loans granted to the director during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mrs S J Woods - Loan account

3.00

67,441

52,071

2,544

69,650

52,406

67,441

52,071

2,544

69,650

52,406

The maximum amount outstanding during the year was £103,863.