Sycamore (UK) Limited - Abbreviated accounts 16.1

Sycamore (UK) Limited - Abbreviated accounts 16.1

SYCAMORE (UK) LIMITED - Company Information

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REGISTERED NUMBER: 03471319 (England and Wales)















ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

FOR

SYCAMORE (UK) LIMITED

SYCAMORE (UK) LIMITED (REGISTERED NUMBER: 03471319)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the year ended 30 November 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Chartered Accountants' Report 5

SYCAMORE (UK) LIMITED

COMPANY INFORMATION
for the year ended 30 November 2015







DIRECTORS: U Pfeffer
N F Dibbo





SECRETARY: N J Dibbo





REGISTERED OFFICE: The Cleaning Centre
Bath Road
Maidenhead
SL6 3QR





REGISTERED NUMBER: 03471319 (England and Wales)





ACCOUNTANTS: Cameron Baum
Chartered Accountants
88 Crawford Street
London
W1H 2EJ
Page 1
SYCAMORE (UK) LIMITED (REGISTERED NUMBER: 03471319)

ABBREVIATED BALANCE SHEET
30 November 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 148,732 146,993
Tangible assets 3 52,664 19,178
201,396 166,171

CURRENT ASSETS
Stocks 798,254 394,454
Debtors 1,234,915 1,046,380
Cash at bank 58 38,169
2,033,227 1,479,003
CREDITORS
Amounts falling due within one year 1,901,752 1,428,321
NET CURRENT ASSETS 131,475 50,682
TOTAL ASSETS LESS CURRENT
LIABILITIES
332,871
216,853

CREDITORS
Amounts falling due after more than one
year
35,000
35,000
NET ASSETS 297,871 181,853

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 297,771 181,753
SHAREHOLDERS' FUNDS 297,871 181,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 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 31 August 2016 and were signed on its behalf by:





N F Dibbo - Director


The notes form part of these abbreviated accounts

Page 2
SYCAMORE (UK) LIMITED (REGISTERED NUMBER: 03471319)

NOTES TO THE ABBREVIATED ACCOUNTS
for the year ended 30 November 2015

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 2014 309,242
Additions 43,556
At 30 November 2015 352,798
AMORTISATION
At 1 December 2014 162,249
Amortisation for year 41,817
At 30 November 2015 204,066
NET BOOK VALUE

At 30 November 2015 148,732
At 30 November 2014 146,993

Page 3 continued...
SYCAMORE (UK) LIMITED (REGISTERED NUMBER: 03471319)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the year ended 30 November 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 December 2014 89,644
Additions 44,750
At 30 November 2015 134,394
DEPRECIATION
At 1 December 2014 70,466
Charge for year 11,264
At 30 November 2015 81,730
NET BOOK VALUE
At 30 November 2015 52,664
At 30 November 2014 19,178

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
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.

Page 4
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SYCAMORE (UK) LIMITED

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 2015 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


31 August 2016

This page does not form part of the abbreviated accounts

Page 5