Company Registration No. 4309294 (England and Wales)
LONDON ZU LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2014
LONDON ZU LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
LONDON ZU LTD
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2014
31 October 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
5,062
6,422
Current assets
Stocks
25,500
28,000
Debtors
4,106
6,042
Cash at bank and in hand
7,559
1,625
37,165
35,667
Creditors: amounts falling due within one year
(18,813)
(18,693)
Net current assets
18,352
16,974
Total assets less current liabilities
23,414
23,396
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
22,414
22,396
Shareholders' funds
23,414
23,396
For the financial year ended 31 October 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 16 July 2015
B Jacques
M Storm
Director
Director
Company Registration No. 4309294
LONDON ZU LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2014
- 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 April 2008).
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:
Land and buildings
Over the period of the lease
Plant and equipment
25% reducing balance
Fixtures and fittings
25% reducing balance
Motor vehicles
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2013 & at 31 October 2014
26,358
Depreciation
At 1 November 2013
19,936
Charge for the year
1,360
At 31 October 2014
21,296
Net book value
At 31 October 2014
5,062
At 31 October 2013
6,422
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000
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