Registered number
07983386
1-Zero-1 Computer Solutions Limited
Abbreviated Accounts
31 March 2015
1-Zero-1 Computer Solutions Limited
Registered number: 07983386
Abbreviated Balance Sheet
as at 31 March 2015
Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 1,126 1,689
Tangible assets 3 3,214 4,554
4,340 6,243
Current assets
Stocks 8,283 5,200
Debtors 27,106 28,311
Cash at bank and in hand 584 605
35,973 34,116
Creditors: amounts falling due within one year (38,771) (39,349)
Net current liabilities (2,798) (5,233)
Total assets less current liabilities 1,542 1,010
Provisions for liabilities (643) (911)
Net assets 899 99
Capital and reserves
Called up share capital 4 1 1
Profit and loss account 898 98
Shareholder's funds 899 99
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 1 July 2015
1-Zero-1 Computer Solutions Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2015
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 2014 2,815
At 31 March 2015 2,815
Amortisation
At 1 April 2014 1,126
Provided during the year 563
At 31 March 2015 1,689
Net book value
At 31 March 2015 1,126
At 31 March 2014 1,689
3 Tangible fixed assets £
Cost
At 1 April 2014 6,701
At 31 March 2015 6,701
Depreciation
At 1 April 2014 2,147
Charge for the year 1,340
At 31 March 2015 3,487
Net book value
At 31 March 2015 3,214
At 31 March 2014 4,554
4 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each - 1 1
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