Registered number
07983386
1-Zero-1 Computer Solutions Limited
Abbreviated Accounts
31 March 2014
1-Zero-1 Computer Solutions Limited
Registered number: 07983386
Abbreviated Balance Sheet
as at 31 March 2014
Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 1,689 2,252
Tangible assets 3 4,554 4,151
6,243 6,403
Current assets
Stocks 5,200 6,060
Debtors 28,311 30,714
Cash at bank and in hand 605 722
34,116 37,496
Creditors: amounts falling due within one year (39,349) (43,020)
Net current liabilities (5,233) (5,524)
Total assets less current liabilities 1,010 879
Provisions for liabilities (911) (830)
Net assets 99 49
Capital and reserves
Called up share capital 4 1 1
Profit and loss account 98 48
Shareholder's funds 99 49
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Christopher J Thompson
Director
Approved by the board on 22 October 2014
1-Zero-1 Computer Solutions 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 20% straight line
Motor vehicles 25% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
2 Intangible fixed assets £
Cost
At 1 April 2013 2,815
At 31 March 2014 2,815
Amortisation
At 1 April 2013 563
Provided during the year 563
At 31 March 2014 1,126
Net book value
At 31 March 2014 1,689
At 31 March 2013 2,252
3 Tangible fixed assets £
Cost
At 1 April 2013 5,189
Additions 1,512
At 31 March 2014 6,701
Depreciation
At 1 April 2013 1,038
Charge for the year 1,109
At 31 March 2014 2,147
Net book value
At 31 March 2014 4,554
At 31 March 2013 4,151
4 Share capital Nominal 2014 2014 2013
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each - 1 1
5 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Christopher John Thompson
Loan Account Balance 31.03.13 9,043 - (5,500) 3,543
9,043 - (5,500) 3,543
1-Zero-1 Computer Solutions Limited 07983386 false true 2013-04-01 2014-03-31 2014-03-31 Christopher J Thompson 07983386 2013-03-30 07983386 uk-bus:OrdinaryShareClass1 2013-03-30 07983386 2013-04-01 2014-03-31 07983386 uk-bus:Director40 2013-04-01 2014-03-31 07983386 uk-gaap:PlantMachinery 2013-04-01 2014-03-31 07983386 uk-gaap:MotorVehicles 2013-04-01 2014-03-31 07983386 uk-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 07983386 uk-bus:Director1 2013-04-01 2014-03-31 07983386 uk-bus:AllEntityOfficers 2013-04-01 2014-03-31 07983386 2014-03-31 07983386 uk-bus:OrdinaryShareClass1 2014-03-31 07983386 uk-bus:Director1 2014-03-31 07983386 uk-bus:AllEntityOfficers 2014-03-31 07983386 2013-03-31 07983386 uk-bus:Director1 2013-03-31 07983386 uk-bus:AllEntityOfficers 2013-03-31 iso4217:GBP xbrli:shares

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