| Zestor Limited |
| Registered number: |
01783329 |
| Abbreviated Balance Sheet |
| as at 31 March 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
180,219 |
|
|
170,349 |
|
| Current assets |
| Debtors |
|
|
5,837 |
|
|
11,969 |
| Cash at bank and in hand |
|
|
1,733 |
|
|
1,324 |
|
|
|
7,570 |
|
|
13,293 |
|
| Creditors: amounts falling due within one year |
|
|
(7,873) |
|
|
(7,397) |
|
| Net current (liabilities)/assets |
|
|
|
(303) |
|
|
5,896 |
|
| Total assets less current liabilities |
|
|
|
179,916 |
|
|
176,245 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(97,570) |
|
|
(104,171) |
|
|
|
| Net assets |
|
|
|
82,346 |
|
|
72,074 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
599 |
|
|
599 |
| Revaluation reserve |
|
|
|
101,146 |
|
|
91,146 |
| Profit and loss account |
|
|
|
(19,399) |
|
|
(19,671) |
|
| Shareholders' funds |
|
|
|
82,346 |
|
|
72,074 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mr S E Hoare |
| Director |
| Approved by the board on 22 December 2014 |
|
| Zestor Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
15% straight line |
|
|
No depreciation or amortisation is provided in respect of freehold properties. Although the Companies Act would normally require the systematic annual depreciation of fixed assets, the Directors believe that this policy of not providing depreciation is necessary in order for the accounts to give a true and fair view, since the current value of properties, and changes in that current value, are of prime importance rather than a calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the annual valuation, and the amount that might otherwise have been shown cannot be separately identified or quantified. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2013 |
171,173 |
|
Surplus on revaluation |
10,000 |
|
At 31 March 2014 |
181,173 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2013 |
824 |
|
Charge for the year |
130 |
|
At 31 March 2014 |
954 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2014 |
180,219 |
|
At 31 March 2013 |
170,349 |
|
|
|
|
|
|
|
|
| 3 |
Loans |
2014 |
|
2013 |
| £ |
£ |
|
Creditors include: |
|
Secured bank loans |
104,084 |
|
110,467 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
599 |
|
599 |
|
599 |
|
|
|
|
|
|
|
|
|
