Zig Zag Accountants & Business Advisers - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 09648598 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2017

for

Zig Zag Accountants & Business Advisers

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G P Banwell

M J Bryant

REGISTERED OFFICE:

14 Queen Square

Bath

BA1 2HN

REGISTERED NUMBER:

09648598 (England and Wales)

FIXED ASSETS

Tangible assets

4

5,930

8,311

CURRENT ASSETS

Stocks

86,571

46,571

Debtors

5

94,742

64,732

Cash at bank and in hand

5,996

49

187,309

111,352

CREDITORS

Amounts falling due within one year

6

123,063

81,641

NET CURRENT ASSETS

64,246

29,711

TOTAL ASSETS LESS CURRENT LIABILITIES

70,176

38,022

CREDITORS

Amounts falling due after more than one year

7

11,492

-

NET ASSETS

58,684

38,022

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

58,584

37,922

SHAREHOLDERS' FUNDS

58,684

38,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 February 2018 and were signed on its behalf by:

M J Bryant - Director

1.	STATUTORY INFORMATION

Zig Zag Accountants & Business Advisers 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing

stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2016

and 31 July 2017

10,006

DEPRECIATION

At 1 August 2016

1,695

Charge for year

2,381

At 31 July 2017

4,076

NET BOOK VALUE

At 31 July 2017

5,930

At 31 July 2016

8,311

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

94,742

64,732

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

12,508

12,805

Trade creditors

130

334

Taxation and social security

49,694

28,562

Other creditors

60,731

39,940

123,063

81,641

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

11,492

-