Zozma Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08089854 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2020

FOR

ZOZMA LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L F Baron

Mrs A J Baron

SECRETARY:

Mrs A J Baron

REGISTERED OFFICE:

Cherry Trees

Back Lane

Cross in hand

Heathfield

East Sussex

TN21 0QH

REGISTERED NUMBER:

08089854 (England and Wales)

ACCOUNTANTS:

D E Ball & Co Limited

Chartered Accountants

15 Bridge Road

Wellington

Telford

Shropshire

TF1 1EB

FIXED ASSETS

Intangible assets

4

19,375

28,675

Tangible assets

5

1,098

1,577

Investments

6

6,600

-

27,073

30,252

CURRENT ASSETS

Debtors

7

72,532

54,086

Cash at bank

33,173

43,755

105,705

97,841

CREDITORS

Amounts falling due within one year

8

23,931

27,793

NET CURRENT ASSETS

81,774

70,048

TOTAL ASSETS LESS CURRENT LIABILITIES

108,847

100,300

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

108,845

100,298

SHAREHOLDERS' FUNDS

108,847

100,300

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2020 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 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 Board of Directors and authorised for issue on 22nd October 2020 and were signed on its behalf by:

L F Baron - Director

1.	STATUTORY INFORMATION

Zozma 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 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost and Straight line over 3 years

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.

Pension costs and other post-retirement benefits

The company has made contributions to certain of the employees money purchase pension schemes.These are

reflected in the profit and loss account in the year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2019 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st May 2019

and 30th April 2020

93,000

AMORTISATION

At 1st May 2019

64,325

Charge for year

9,300

At 30th April 2020

73,625

NET BOOK VALUE

At 30th April 2020

19,375

At 30th April 2019

28,675

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st May 2019

2,234

Additions

261

At 30th April 2020

2,495

DEPRECIATION

At 1st May 2019

657

Charge for year

740

At 30th April 2020

1,397

NET BOOK VALUE

At 30th April 2020

1,098

At 30th April 2019

1,577

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

6,600

At 30th April 2020

6,600

NET BOOK VALUE

At 30th April 2020

6,600

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Other debtors

72,532

54,086

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Taxation and social security

21,004

24,655

Other creditors

2,927

3,138

23,931

27,793

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.20

30.4.19

value:

£

£

2

Ordinary

£1

2

2

10.	RELATED PARTY DISCLOSURES

Zozma Limited is a partner in Tucana Financial Planning LLP.

The directors , Mr L Baron and Mrs A Baron, are also partners in that business.

The company has supplied administration services to the partnership in the year amounting to £108,297.