THE ZOCKOLL GROUP LIMITED
|
Registered number: |
00907055
|
Balance Sheet |
as at 31 December 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Intangible assets |
4 |
|
|
1,002 |
|
|
1,336 |
Tangible assets |
5 |
|
|
11,585 |
|
|
5,400 |
Investments and loans |
6 |
|
|
1,203,198 |
|
|
1,118,744 |
|
|
|
|
1,215,785 |
|
|
1,125,480 |
|
Current assets |
Debtors |
7 |
|
43,857 |
|
|
43,867 |
Cash at bank and in hand |
|
|
1,131,728 |
|
|
1,122,944 |
|
|
|
1,175,585 |
|
|
1,166,811 |
|
Creditors: amounts falling due within one year |
8 |
|
(31,896) |
|
|
(18,721) |
|
|
|
|
|
1,143,689 |
|
|
1,148,090 |
|
Total assets less current liabilities |
|
|
|
2,359,474 |
|
|
2,273,570 |
|
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
11,033,600 |
|
|
11,033,600 |
Share premium |
|
|
|
- |
|
|
- |
Revaluation reserve |
11 |
|
|
- |
|
|
- |
Profit and loss account |
|
|
|
(8,674,126) |
|
|
(8,760,030) |
|
Shareholders' funds |
|
|
|
2,359,474 |
|
|
2,273,570 |
|
|
|
|
|
|
|
|
The directors are 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.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
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|
|
|
|
Mr Steven Zockoll |
Director |
Approved by the board on 16 July 2017
|
|
THE ZOCKOLL GROUP LIMITED
|
Notes to the Accounts |
for the year ended 31 December 2016
|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
|
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
|
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
|
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
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|
|
Plant and machinery |
over 5 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Investments |
|
Investments in subsidiaries are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
|
|
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
|
|
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
|
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
|
|
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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|
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate.
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|
|
|
4 |
Intangible fixed assets |
£ |
|
|
|
Cost |
|
At 1 January 2016 |
3,625 |
|
Additions |
- |
|
Disposals |
- |
|
At 31 December 2016 |
3,625 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 January 2016 |
2,289 |
|
Provided during the year |
334 |
|
On disposals |
- |
|
At 31 December 2016 |
2,623 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2016 |
1,002 |
|
At 31 December 2015 |
1,336 |
|
|
|
|
|
|
|
|
|
|
|
|
5 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
£ |
£ |
£ |
£ |
|
Cost |
|
At 1 January 2016 |
- |
|
31,944 |
|
36,215 |
|
68,159 |
|
Additions |
- |
|
- |
|
9,000 |
|
9,000 |
|
Surplus on revaluation |
- |
|
- |
|
- |
|
- |
|
Disposals |
- |
|
- |
|
- |
|
- |
|
At 31 December 2016 |
- |
|
31,944 |
|
45,215 |
|
77,159 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2016 |
- |
|
30,726 |
|
32,033 |
|
62,759 |
|
Charge for the year |
- |
|
246 |
|
2,569 |
|
2,815 |
|
Surplus on revaluation |
- |
|
- |
|
- |
|
- |
|
On disposals |
- |
|
- |
|
- |
|
- |
|
At 31 December 2016 |
- |
|
30,972 |
|
34,602 |
|
65,574 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2016 |
- |
|
972 |
|
10,613 |
|
11,585 |
|
At 31 December 2015 |
- |
|
1,218 |
|
4,182 |
|
5,400 |
|
|
|
|
|
|
|
|
|
|
6 |
Investments and Loans |
Investments in |
subsidiary |
Investments |
undertakings |
and Loans |
Total |
£ |
£ |
£ |
|
|
Investments |
- |
|
1,018,744 |
|
1,018,744 |
|
Loan from Phone Name |
- |
|
(1,594) |
|
(1,594) |
|
Loan to 0800 Handyman Putney |
- |
|
85,868 |
|
85,868 |
|
Loan to 0800 Handyman ES |
100,180 |
|
100,000 |
|
|
At 31 December 2016 |
- |
|
1,203,198 |
|
1,203,198 |
|
|
|
|
|
|
|
|
|
|
7 |
Debtors |
2016 |
|
2015 |
£ |
£ |
|
|
Trade debtors |
20,714 |
|
25,422 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
(7,964) |
|
(7,965) |
|
Deferred tax asset |
|
|
|
|
28,778 |
|
24,697 |
|
Prepayments |
2,329 |
|
1,713 |
|
|
|
|
|
|
43,857 |
|
43,867 |
|
|
|
|
|
|
|
|
|
|
8 |
Creditors: amounts falling due within one year |
2016 |
|
2015 |
£ |
£ |
|
|
Trade creditors |
4,566 |
|
12,684 |
|
Corporation tax |
22,264 |
|
- |
|
Other taxes and social security costs |
5,066 |
|
3,564 |
|
Director's loan account |
- |
|
2,473 |
|
|
|
|
|
|
31,896 |
|
18,721 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20 |
Related party transactions |
|
|
Company
|
Shares held |
Capital and |
Profit (loss) |
|
|
Class |
% |
reserves |
for the year |
|
Weirdos Limited |
Ordinary |
100 |
|
1 |
|
- |
|
Phone Name Limited |
Ordinary |
100 |
|
364,156 |
|
37,399 |
|
0800 Handyman Limited |
Ordinary |
97 |
|
50,134 |
|
1,716 |
|
0800 Handyman Limited (East Sheen) |
Ordinary |
99 |
|
(31,311) |
|
30,072 |
|
0800 Handyman Limited (Putney) |
Ordinary |
100 |
|
(49,197) |
|
(49,199) |
|
|
21 |
Controlling party |
|
|
Mr Steven Mark Zockoll
|
|
|
22 |
Other information |
|
|
THE ZOCKOLL GROUP LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
246 Upper Richmond Road West |
|
East Sheen |
|
London |
|
|
SW14 8AG |
|
23 |
Accountants |
|
|
DALE Accounting and Tax Services Limited |
|
Chartered Certified Accountants and Probate Experts |
|
152 Pegaxis House |
|
61 Victoria Road |
|
Surbiton |
|
KT6 4JX |
|
24 |
Currency exchange discrepancies |
|
|
After confirming with Mr Andy Sexton from HMRC I updated the exchange rate differences |
|
for 2015-2016 and 2016-2017 as per his advice. |
|
I presented them in a separate line, no under the sales and I used the |
|
HMRC exchange rates when I calculated them. |
|
I adjusted also the year 2015-2016 and the full Corporation Tax |
|
was paid on them this year. |
|
There is no VAT implication. |