Abbreviated Company Accounts - ZOE MARYBONE LIMITED

ZOE MARYBONE LIMITED - Company Information

04209301 ZOE MARYBONE LIMITED 2014-05-31 false 2013-06-01 2014-05-31 true 04209301 2013-06-01 2014-05-31 04209301 2014-05-31 04209301 2013-05-31 04209301 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 04209301 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 04209301

ZOE MARYBONE LIMITED

Abbreviated Accounts

31 May 2014

ZOE MARYBONE LIMITED Registered Number 04209301

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	41,434	48,523
		41,434	48,523
Current assets
Debtors		43,003	57,800
Cash at bank and in hand		22,349	4,100
		65,352	61,900
Creditors: amounts falling due within one year		(145,954)	(152,309)
Net current assets (liabilities)		(80,602)	(90,409)
Total assets less current liabilities		(39,168)	(41,886)
Creditors: amounts falling due after more than one year		(115,836)	(102,197)
Total net assets (liabilities)		(155,004)	(144,083)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(155,005)	(144,084)
Shareholders' funds		(155,004)	(144,083)

For the year ending 31 May 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 November 2014

And signed on their behalf by:
E Eleftheriou, Director

ZOE MARYBONE LIMITED Registered Number 04209301

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Equipment, Fixtures & Fittings 10% Reducing Balance

Other accounting policies
Investment properties
Investment properties are accounted for in accordance with SSAP 19 as follows:
"i) investment properties are revalued annually by the directors and the aggregate surplus or deficit is transferred to a revaluation reserve unless a deficit or its reversal, on an individual property is expected to be permanent, in which case its recognised profit and loss account for the period.
ii) no depreciation or amortisation is provided in respect of freehold investment properties and leasehold properties with over 20 years to run. "
Although the Companies Act would normally require the systematic annual depreciation of fixed assets, the directors believe that this policy of not providing depreciation or amortisation is necessary in order for the accounts to show a true and fair view, since the current value of the investment of properties, and changes in that current value, are of prime importance rather than a calculation of systematic annual depreciation. Depreciation or amortisation is only one of many factors reflected in the annual valuation, and the amount which might otherwise have been shown cannot be separately identified or quantified.
Group Accounting
Advantage has been taken of the exemptions available under the Companies Act 2006 from the need to prepare group accounts on the basis that the group qualifies as a small group.

2Tangible fixed assets

	£
Cost
At 1 June 2013	138,017
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	138,017
Depreciation
At 1 June 2013	89,494
Charge for the year	7,089
On disposals	-
At 31 May 2014	96,583
Net book values
At 31 May 2014	41,434
At 31 May 2013	48,523

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1 Ordinary shares of £1 each	1	1