Company Registration No. 08449060 (England and Wales)
Zaiku Group Ltd
Unaudited accounts
for the year ended 31 March 2018
Zaiku Group Ltd
Unaudited accounts
Contents
Zaiku Group Ltd
Company Information
for the year ended 31 March 2018
Directors
Bamborde Balde
Liam Shore
Company Number
08449060 (England and Wales)
Registered Office
10 Renwick Avenue
Rainhill
Prescot
Merseyside
L35 9JJ
Accountants
FAO Accountancy Services Ltd
90 Fulbeck Avenue
Wigan
WN3 5QL
Zaiku Group Ltd
Statement of financial position
as at
31 March 2018
Cash at bank and in hand
124
3,117
Creditors: amounts falling due within one year
(32,051)
(27,208)
Net current liabilities
(31,927)
(24,091)
Net liabilities
(31,544)
(23,219)
Called up share capital
300
300
Share premium
20,250
20,250
Profit and loss account
(52,094)
(43,769)
Shareholders' funds
(31,544)
(23,219)
For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 11 December 2018.
Liam Shore
Director
Company Registration No. 08449060
Zaiku Group Ltd
Notes to the Accounts
for the year ended 31 March 2018
Zaiku Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 08449060. The registered office is 10 Renwick Avenue, Rainhill, Prescot, Merseyside, L35 9JJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% - on cost
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Zaiku Group Ltd
Notes to the Accounts
for the year ended 31 March 2018
5
Creditors: amounts falling due within one year
2018
2017
Loans from directors
31,406
26,488
6
Transactions with related parties
The company has no controlling party.
Included in other creditors are loans due to the directors as follows:
B Balde - £13,076 (2017 - £10,466)
L Shore - £18,330 (2017 - £16,022)
7
Average number of employees
During the year the average number of employees was 2 (2017: 2).