Registered number
07983386
1-Zero-1 Computer Solutions Limited
Abbreviated Accounts
31 March 2016
1-Zero-1 Computer Solutions Limited
Registered number: 07983386
Abbreviated Balance Sheet
as at 31 March 2016
Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 563 1,126
Tangible assets 3 3,503 3,214
4,066 4,340
Current assets
Stocks 7,649 8,283
Debtors 30,885 27,106
Cash at bank and in hand 706 584
39,240 35,973
Creditors: amounts falling due within one year (42,579) (38,771)
Net current liabilities (3,339) (2,798)
Total assets less current liabilities 727 1,542
Provisions for liabilities (701) (643)
Net assets 26 899
Capital and reserves
Called up share capital 4 1 1
Profit and loss account 25 898
Shareholders' funds 26 899
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 members have 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.
Mr C Thompson
Director
Approved by the board on 8 August 2016
1-Zero-1 Computer Solutions Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
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 January 2015).
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
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 2015 2,815
At 31 March 2016 2,815
Amortisation
At 1 April 2015 1,689
Provided during the year 563
At 31 March 2016 2,252
Net book value
At 31 March 2016 563
At 31 March 2015 1,126
3 Tangible fixed assets £
Cost
At 1 April 2015 6,701
Additions 2,037
At 31 March 2016 8,738
Depreciation
At 1 April 2015 3,487
Charge for the year 1,748
At 31 March 2016 5,235
Net book value
At 31 March 2016 3,503
At 31 March 2015 3,214
4 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 1 1 1
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