Company Registration No. 04100948 (England and Wales)
Z & A (Zairi & Associates) Limited
Abbreviated Accounts
For The Year Ended 30 November 2015
Z & A (ZAIRI & ASSOCIATES) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
Z & A (ZAIRI & ASSOCIATES) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2015
- 1 -
2015
2014
Notes
£
£
£
£
Current assets
Debtors
16,151
12,420
Cash at bank and in hand
2,938
819
19,089
13,239
Creditors: amounts falling due within one year
(76,803)
(54,770)
Total assets less current liabilities
(57,714)
(41,531)
Capital and reserves
Called up share capital
2
100
100
Profit and loss account
(57,814)
(41,631)
Shareholders'  funds
(57,714)
(41,531)
For the financial year ended 30 November 2015 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 of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 August 2016
Mr A N Zairi
Director
Company Registration No. 04100948
Z & A (ZAIRI & ASSOCIATES) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company is reliant upon the support of its Directors and European Centre for Best Practice Management (company limited by guarantee) to meet its day to day working capital requirements. The directors and European Centre For Best Practice have confirmed their intention to continue to support the company to enable it to settle its debts as they fall due for at least twelve months from the date of approval of these financial statements. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.

1.2
Turnover

Turnover represents amounts receivable for lecturing and consultancy services.lecturing and consultancy services.

1.3
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 less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment
33% straight line
1.4
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
2
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
3
Related party relationships and transactions
Loans to and from directors
Transactions in relation to loans with directors during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Mr A Zairi
-
(3,500)
-
-
4,200
(7,700)
Dr A Awan
-
(5,820)
-
-
-
(5,820)
Professor M Zairi
-
33,092
23,928
-
-
57,020
23,772
23,928
-
4,200
43,500

The amounts owed from Mr A Zairi and Dr A Awan are included within Debtors: Other debtors, and the amount owed to Professor M Zairi is included within Creditors: Other creditors at the year end.

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