Zullo Holdings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06447512 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

ZULLO HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S Zullo

REGISTERED OFFICE:

Unit 12, Fairway Industrial Centre

Golf Course Lane

Filton

Bristol

BS34 7QS

REGISTERED NUMBER:

06447512 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Tangible assets

4

222,830

CURRENT ASSETS

Cash at bank

9,303

3,458

CREDITORS

Amounts falling due within one year

5

74,883

73,773

NET CURRENT LIABILITIES

(65,580

)

(70,315

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

157,250

152,515

CREDITORS

Amounts falling due after more than
one year

6

128,521

132,917

NET ASSETS

28,729

19,598

CAPITAL AND RESERVES

Called up share capital

8

2

Retained earnings

9

28,727

19,596

SHAREHOLDERS' FUNDS

28,729

19,598

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director on 18 September 2019 and were signed
by:

Mr S Zullo - Director

1.	STATUTORY INFORMATION

Zullo Holdings Limited 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Freehold property

-

in accordance with the property

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it

is probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 January 2018

and 31 December 2018

222,830

NET BOOK VALUE

At 31 December 2018

222,830

At 31 December 2017

222,830

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

Bank loans and overdrafts

4,297

4,296

Taxation and social security

2,165

1,776

Other creditors

68,421

67,701

74,883

73,773

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.12.18

31.12.17

£

Bank loans

128,521

132,917

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

115,633

120,029

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.18

31.12.17

£

Bank loans

132,818

137,213

The bank loans are secured against the freehold property owned by the company.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.18

31.12.17

value:

£

2

Ordinary

£1

2

9.

RESERVES

Retained

earnings

£

At 1 January 2018

19,596

Profit for the year

9,131

At 31 December 2018

28,727

10.	RELATED PARTY DISCLOSURES

The company maintains an interest free loan accounts with the director. At the year end the

company owed the director £67,401 (2017: £67,401).

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S Zullo.

Zullo Holdings Limited - Accounts to registrar (filleted) - small 18.2

Zullo Holdings Limited - Accounts to registrar (filleted) - small 18.2