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Unaudited Financial Statements |
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for the Year Ended 30 November 2019 |
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for |
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ZERO OUTAGE INDUSTRY STANDARD LTD |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 November 2019 |
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for |
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ZERO OUTAGE INDUSTRY STANDARD LTD |
ZERO OUTAGE INDUSTRY STANDARD LTD (REGISTERED NUMBER: 10462181) |
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Contents of the Financial Statements |
for the Year Ended 30 November 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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ZERO OUTAGE INDUSTRY STANDARD LTD |
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Company Information |
for the Year Ended 30 November 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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First Floor, Templeback |
10 Temple back |
Bristol |
BS1 6FL |
ZERO OUTAGE INDUSTRY STANDARD LTD (REGISTERED NUMBER: 10462181) |
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Balance Sheet |
30 November 2019 |
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30/11/19 | 30/11/18 |
Notes | € | € |
CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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RESERVES |
Income and expenditure account |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act
2006 and |
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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 surplus or deficit 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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
on its behalf by: |
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ZERO OUTAGE INDUSTRY STANDARD LTD (REGISTERED NUMBER: 10462181) |
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Notes to the Financial Statements |
for the Year Ended 30 November 2019 |
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1. | STATUTORY INFORMATION |
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Zero Outage Industry Standard Ltd is a
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The company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Euro (€). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Financial instruments |
The Company has elected to apply the provisions of Section 11'Basic Financial Instruments' and Section 12 'Other |
Financial Instruments Issues'of FRS 102 to all its financial instruments. |
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Financial instruments are recognised in the company's balance sheet when the company becomes party to the |
contractual provisions of the instrument. |
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Financial assets and liabilities are offset, with the net amounts presented in the financial statements,when there is a |
legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to |
realise the asset and settle the liability simultaneously. |
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Classification of financial liabilities |
Financial liabilities and equity instruments are classified according to the substance of the contractual agreements |
entered into. |
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Basic financial liabilities |
Basic financial liabilities,including creditors, and loans from fellow group companies are initially recognised at |
transaction price. |
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Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of |
business from suppliers.Amounts payable are classified as current liabilities if payment is due within one year or |
less.If not, they are presented as non-current liabilities.Trade creditors are initially recognised at transaction price. |
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Mutual trading status |
The company is operating as a mutual trader therefore all income is used for the benefit of the members. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2018 - NIL). |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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2019 | 2018 |
€ | € |
Trade debtors | - | 29,000 |
VAT | 2,418 | 1,406 |
Prepayments | 576 | - |
2,994 | 30,406 |
ZERO OUTAGE INDUSTRY STANDARD LTD (REGISTERED NUMBER: 10462181) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 November 2019 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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2019 | 2018 |
€ | € |
Trade creditors | 18,366 | 7,822 |
Accruals and deferred income | 2,207 | 1,551 |
20,573 | 9,373 |