Registration number:
Le Suc Limited
for the Year Ended 31 May 2018
9A Burroughs Gardens
London
NW4 4AU
Le Suc Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Le Suc Limited
Company Information
Director |
Mrs O Veselova |
Company secretary |
Mrs O Veselova |
Registered office |
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Accountants |
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Page 1 |
Le Suc Limited
(Registration number: 09053353)
Balance Sheet as at 31 May 2018
Note |
2018 |
2017 |
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Fixed assets |
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Intangible assets |
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Investments |
45,000 |
45,000 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Total equity |
( |
( |
Page 2 |
Le Suc Limited
(Registration number: 09053353)
Balance Sheet as at 31 May 2018
For the financial year ending 31 May 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Company secretary and director
Page 3 |
Le Suc Limited
Notes to the Financial Statements for the Year Ended 31 May 2018
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The accounts have been prepared on a going concern basis on the understanding that the director will continue to support the company for the foreseeable future.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Investments
Investments are stated at historical cost less provision for any diminution in value.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Websites |
3 years from Jun'17 |
Page 4 |
Le Suc Limited
Notes to the Financial Statements for the Year Ended 31 May 2018
Intangible assets |
Website |
Total |
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Cost or valuation |
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At 1 June 2017 |
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At 31 May 2018 |
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Amortisation charge |
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At 31 May 2018 |
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At 31 May 2018 |
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At 31 May 2017 |
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Investments |
Unlisted investments |
Total |
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Other investments |
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Cost or valuation |
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At 1 June 2017 |
45,000 |
45,000 |
At 31 May 2018 |
45,000 |
45,000 |
Net book value |
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At 31 May 2018 |
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45,000 |
The company had acquired 20% (1020 shares) of First Call Accounting Limited on 4 December 2014.
Debtors |
2018 |
2017 |
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Other debtors |
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Page 5 |
Le Suc Limited
Notes to the Financial Statements for the Year Ended 31 May 2018
Creditors |
Creditors: amounts falling due within one year
Note |
2018 |
2017 |
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Due within one year |
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Trade creditors |
- |
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Other creditors |
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Included in other creditors is a balance due to the director, Olesya Veselova of £218,362 (2017: £211,126).
Share capital |
Allotted, called up and fully paid shares
2018 |
2017 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
Control |
The director is the ultimate controlling party by virtue of her controlling shareholding in the company.
Related party disclosures |
First Call Accounting Limited
A company in which Le Suc Limited is a shareholder.
During the year Le Suc Limited has received £2,138 for marketing income from First Call Accounting Limited.
Page 6 |