Zinc Floral Design Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07240322 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Zinc Floral Design Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs D M Richmond

REGISTERED OFFICE:

Kestrel Lodge

Upper Hexgreave

Farnsfield

Newark

Nottinghamshire

NG22 8LS

REGISTERED NUMBER:

07240322 (England and Wales)

ACCOUNTANTS:

Net Accountancy Solutions LLP

Kestrel Lodge

Upper Hexgreave

Farnsfield

Newark

Nottinghamshire

NG22 8LS

FIXED ASSETS

Tangible assets

2

2,592

5,413

CURRENT ASSETS

Stocks

4,000

3,500

Debtors

1,353

680

Cash at bank

554

366

5,907

4,546

CREDITORS

Amounts falling due within one year

14,224

9,450

NET CURRENT LIABILITIES

(8,317

)

(4,904

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,725

)

509

PROVISIONS FOR LIABILITIES

-

101

NET (LIABILITIES)/ASSETS

(5,725

)

408

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(5,727

)

406

SHAREHOLDERS' FUNDS

(5,725

)

408

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30 December 2014 and were signed by:

Mrs D M Richmond - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

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

balance sheet date.

Going concern

Despite the balance sheet being overdrawn at the year end date, the accounts have been prepared under the

going concern basis, as the directors have confirmed their intention to support the company.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

10,695

DEPRECIATION

At 1 April 2013

5,282

Charge for year

2,821

At 31 March 2014

8,103

NET BOOK VALUE

At 31 March 2014

2,592

At 31 March 2013

5,413

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary 'A'

£1

2

2