Zazu Studio Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08269293 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2018

for

Zazu Studio Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Leatt

U Zalogiene

M Zaloga

REGISTERED OFFICE:

12 Darley Abbey Mills

Darley Abbey

Derby

DE22 1DZ

REGISTERED NUMBER:

08269293 (England and Wales)

ACCOUNTANTS:

A Butler & Co

12 Darley Abbey Mills

Darley Abbey

Derby

Derbyshire

DE22 1DZ

FIXED ASSETS

Tangible assets

4

3,901

3,346

CURRENT ASSETS

Stocks

2,600

-

Debtors

5

1,137

4,051

Cash at bank

8,861

6,105

12,598

10,156

CREDITORS

Amounts falling due within one year

6

6,433

5,193

NET CURRENT ASSETS

6,165

4,963

TOTAL ASSETS LESS CURRENT LIABILITIES

10,066

8,309

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

9,866

8,109

SHAREHOLDERS' FUNDS

10,066

8,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 2 April 2019 and were signed on its behalf by:

D Leatt - Director

1.	STATUTORY INFORMATION

Zazu Studio Ltd is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 November 2017

118

8,356

8,474

Additions

-

2,012

2,012

Disposals

-

(157

)

(157

)

At 31 October 2018

118

10,211

10,329

DEPRECIATION

At 1 November 2017

52

5,076

5,128

Charge for year

16

1,284

1,300

At 31 October 2018

68

6,360

6,428

NET BOOK VALUE

At 31 October 2018

50

3,851

3,901

At 31 October 2017

66

3,280

3,346

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Trade debtors

927

2,827

Other debtors

210

1,224

1,137

4,051

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Taxation and social security

4,530

3,260

Other creditors

1,903

1,933

6,433

5,193

7.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by D Leatt with a 50% holding and M Zaloga and U Zalogiene with a

50% joint holding of the ordinary share capital of the company.