Company Registration No. 08399657 (England and Wales)
ZOE SUGG LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
ZOE SUGG LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ZOE SUGG LTD
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
14,713
11,487
Investments
2
300
-
15,013
11,487
Current assets
Debtors
842,977
497,536
Cash at bank and in hand
401,239
746,008
1,244,216
1,243,544
Creditors: amounts falling due within one year
(1,129,482)
(888,859)
Net current assets
114,734
354,685
Total assets less current liabilities
129,747
366,172
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
129,746
366,171
Shareholder's funds
129,747
366,172
For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her 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 26 August 2017
Ms Zoe Sugg
Director
Company Registration No. 08399657
ZOE SUGG LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 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 January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT
.
1.4
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:
Fixtrures, fittings & equipment
20% Reducing balance
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.6
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 December 2015
18,763
-
18,763
Additions
6,613
300
6,913
At 30 November 2016
25,376
300
25,676
Depreciation
At 1 December 2015
7,277
-
7,277
Charge for the year
3,386
-
3,386
At 30 November 2016
10,663
-
10,663
Net book value
At 30 November 2016
14,713
300
15,013
At 30 November 2015
11,487
-
11,487
ZOE SUGG LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary Share of £1 each
1
1