ZONE 1 LTD

		2016		2015
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	2		81		101

			81		101
CURRENT ASSETS
Stocks		886,479		886,479
Cash at bank and in hand		45,479		51,701

		931,958		938,180
Creditors: Amounts Falling Due Within One Year		(71,715)		(67,305)

NET CURRENT ASSETS (LIABILITIES)			860,243		870,875

TOTAL ASSETS LESS CURRENT LIABILITIES			860,324		870,976

Creditors: Amounts Falling Due After More Than One Year	3		(841,645)		(841,645)

NET ASSETS			18,679		29,331

CAPITAL AND RESERVES
Called up share capital	4		2		2
Profit and Loss Account			18,677		29,329

SHAREHOLDERS' FUNDS			18,679		29,331

Page 1

ZONE 1 LTD

Company No. 03780246

Abbreviated Balance Sheet (continued) 31 March 2016

For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Ms Jane Townsend

20 September 2016

Accounting Policies

Basis of Preparation of Financial Statements

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

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

20%

Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Tangible Assets


	Total
Cost	£
As at 1 April 2015	1,059

As at 31 March 2016	1,059

Depreciation
As at 1 April 2015	958
Provided during the period	20

As at 31 March 2016	978

Net Book Value
As at 31 March 2016	81

As at 1 April 2015	101

Creditors: Amounts Falling Due After More Than One Year

	2016	2015
	£	£
Bank loans	841,645	841,645

Page 3

ZONE 1 LTD

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 March 2016

Share Capital

	Value	Number	2016	2015
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	2	2	2

Transactions With and Loans to Directors

Dividends paid to directors

Ultimate Controlling Party

The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.