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REGISTERED NUMBER: 05203543 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2018

for

Qzym Limited
Qzym Limited (Registered number: 05203543)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Qzym Limited

Company Information
for the Year Ended 31 March 2018







DIRECTOR: P C Garrett





SECRETARY: Ms J Garrett





REGISTERED OFFICE: 11 Julian Road
Sneyd Park
Bristol
BS9 1NQ





REGISTERED NUMBER: 05203543 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY
Qzym Limited (Registered number: 05203543)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 90

CURRENT ASSETS
Debtors 5 8,372 -
Cash at bank 9,336 31,156
17,708 31,156
CREDITORS
Amounts falling due within one year 6 9,926 9,936
NET CURRENT ASSETS 7,782 21,220
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,782

21,310

CAPITAL AND RESERVES
Called up share capital 7 1,005 1,005
Share premium 8 84,890 84,890
Retained earnings 8 (78,113 ) (64,585 )
SHAREHOLDERS' FUNDS 7,782 21,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 6 December 2018 and were signed by:





P C Garrett - Director

Qzym Limited (Registered number: 05203543)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Qzym Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 33.33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a self-invested personal pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .
Qzym Limited (Registered number: 05203543)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 April 2017
and 31 March 2018 4,274
DEPRECIATION
At 1 April 2017 4,184
Charge for year 90
At 31 March 2018 4,274
NET BOOK VALUE
At 31 March 2018 -
At 31 March 2017 90

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Directors' current accounts 117 -
Prepayments and accrued income 8,255 -
8,372 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Social security and other taxes 1,616 3,001
VAT 6,810 4,788
Directors' current accounts - 647
Accrued expenses 1,500 1,500
9,926 9,936

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.18 31.3.17
value: £    £   
10,050 Ordinary 10p 1,005 1,005

8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2017 (64,585 ) 84,890 20,305
Deficit for the year (13,528 ) (13,528 )
At 31 March 2018 (78,113 ) 84,890 6,777
Qzym Limited (Registered number: 05203543)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2018 and the period
ended 31 March 2017:

31.3.18 31.3.17
£    £   
P C Garrett
Balance outstanding at start of year (647 ) 786
Amounts advanced 5,560 7,300
Amounts repaid (4,796 ) (8,733 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 117 (647 )

This loan will be repaid within 9 months of the year end.

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