Sycamore (UK) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03471319 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2014

FOR

SYCAMORE (UK) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTORS:

U Pfeffer

N F Dibbo

SECRETARY:

N J Dibbo

REGISTERED OFFICE:

88 Crawford Street

London

W1H 2EJ

REGISTERED NUMBER:

03471319 (England and Wales)

ACCOUNTANTS:

Cameron Baum

Chartered Accountants

88 Crawford Street

London

W1H 2EJ

FIXED ASSETS

Intangible assets

2

146,993

101,219

Tangible assets

3

19,178

10,810

166,171

112,029

CURRENT ASSETS

Stocks

394,454

308,292

Debtors

1,046,380

897,828

Cash at bank

38,169

2,200

1,479,003

1,208,320

CREDITORS

Amounts falling due within one year

1,428,321

1,197,406

NET CURRENT ASSETS

50,682

10,914

TOTAL ASSETS LESS CURRENT LIABILITIES

216,853

122,943

CREDITORS

Amounts falling due after more than one year

35,000

35,000

NET ASSETS

181,853

87,943

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

181,753

87,843

SHAREHOLDERS' FUNDS

181,853

87,943

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

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 profit or loss 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28 August 2015 and were signed on its behalf by:

N F Dibbo - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Design and development costs

These costs are being written off over a period of 5 years. In respect of additions during the year,amortisation

commences from the following year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life:-

Computer equipment:- 33% on cost

Fixtures and fittings:- 33% on cost

Motor vehicles:- 33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

233,670

Additions

75,572

At 30 November 2014

309,242

AMORTISATION

At 1 December 2013

132,451

Amortisation for year

29,798

At 30 November 2014

162,249

NET BOOK VALUE

At 30 November 2014

146,993

At 30 November 2013

101,219

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

65,903

Additions

23,741

At 30 November 2014

89,644

DEPRECIATION

At 1 December 2013

55,093

Charge for year

15,373

At 30 November 2014

70,466

NET BOOK VALUE

At 30 November 2014

19,178

At 30 November 2013

10,810

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

49

Ordinary A

£1

49

49

51

Ordinary B

£1

51

51

100

100

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Sycamore Israel, by virtue of their 51% shareholding in the company.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Sycamore (UK) Limited for the year ended 30 November 2014 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Sycamore (UK) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sycamore (UK) Limited and state those matters that we have agreed to state to the Board of Directors of Sycamore (UK) Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sycamore (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sycamore (UK) Limited. You consider that Sycamore (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sycamore (UK) Limited. For

this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cameron Baum

Chartered Accountants

88 Crawford Street

London

W1H 2EJ

28 August 2015