Zizi Smile Limited - Accounts to registrar (filleted) - small 18.2

Zizi Smile Limited - Accounts to registrar (filleted) - small 18.2

ZIZI SMILE LIMITED - Company Information

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REGISTERED NUMBER: 06326094















Unaudited Financial Statements for the Year Ended 31 March 2020

for

Zizi Smile Limited
Zizi Smile Limited (Registered number: 06326094)






Contents of the Financial Statements
for the Year Ended 31 March 2020




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


Zizi Smile Limited

Company Information
for the Year Ended 31 March 2020







DIRECTOR: Dr G Azizi





REGISTERED OFFICE: Easton Manor
Easton Royal
Pewsey
SN9 5LZ





REGISTERED NUMBER: 06326094





ACCOUNTANTS: Havard & Associates
Third Floor
Scottish Mutual House
27-29 North Street
Hornchurch
Essex
RM11 1RS
Page 1
Zizi Smile Limited (Registered number: 06326094)

Statement of Financial Position
31 March 2020

31.3.20 31.3.19
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 166,140 206,280
Tangible assets 5 18,162 20,493
184,302 226,773

CURRENT ASSETS
Debtors 6 79,033 80,636
Cash at bank and in hand 241,639 168,274
320,672 248,910
CREDITORS
Amounts falling due within one year 7 51,019 37,307
NET CURRENT ASSETS 269,653 211,603
TOTAL ASSETS LESS CURRENT
LIABILITIES
453,955
438,376

CREDITORS
Amounts falling due after more than one
year
8
(229,505
)
(251,997
)

PROVISIONS FOR LIABILITIES (3,233 ) (3,628 )
NET ASSETS 221,217 182,751

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 221,117 182,651
SHAREHOLDERS' FUNDS 221,217 182,751

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 notes form part of these financial statements

Page 2 continued...
Zizi Smile Limited (Registered number: 06326094)

Statement of Financial Position - continued
31 March 2020


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 and authorised for issue on 9 March 2021 and were signed by:





S Turton - Director


The notes form part of these financial statements

Page 3
Zizi Smile Limited (Registered number: 06326094)

Notes to the Financial Statements
for the Year Ended 31 March 2020

1. STATUTORY INFORMATION

Zizi Smile Limited is a private company, limited by shares , registered in Not specified/Other. 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 of £191,000 was purchased from the company director on commencement of trade, 1st January 2008, having previously been acquired by the director in her then capacity as a sole trader from an unrelated third party on 1st January 2006. Goodwill is amortised at 10% per annum using the straight line method.

There was a further purchase of goodwill made on 5 February 2018 for £ 210,000. This goodwill is also amortised at 10% per annum using the straight line method.

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 - 33% on cost and 20% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Page 4 continued...
Zizi Smile Limited (Registered number: 06326094)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2020

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2019
and 31 March 2020 401,400
AMORTISATION
At 1 April 2019 195,120
Charge for year 40,140
At 31 March 2020 235,260
NET BOOK VALUE
At 31 March 2020 166,140
At 31 March 2019 206,280

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2019 83,698
Additions 2,827
Disposals (25,600 )
At 31 March 2020 60,925
DEPRECIATION
At 1 April 2019 63,205
Charge for year 4,208
Eliminated on disposal (24,650 )
At 31 March 2020 42,763
NET BOOK VALUE
At 31 March 2020 18,162
At 31 March 2019 20,493

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.3.19
£    £   
Trade debtors 11,970 24,567
Other debtors 67,063 56,069
79,033 80,636

Page 5 continued...
Zizi Smile Limited (Registered number: 06326094)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2020

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.3.19
£    £   
Bank loans and overdrafts 15,073 7,934
Trade creditors 1,560 1,147
Taxation and social security 32,058 25,909
Other creditors 2,328 2,317
51,019 37,307

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.20 31.3.19
£    £   
Bank loans 229,505 251,997

9. RELATED PARTY DISCLOSURES

There were loans to participators brought forward of £ 39,473 which were still outstanding at the year end. Section 455 tax has already been paid .
The loan was unsecured and interest charged at 2.5% per annum pro rata.

Page 6