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 Period 1 April 2020 to 2 November 2020

for

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






Contents of the Financial Statements
for the Period 1 April 2020 to 2 November 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 Period 1 April 2020 to 2 November 2020







DIRECTORS: S Turton





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
2 November 2020

2.11.20 31.3.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 142,725 166,140
Tangible assets 5 14,216 18,162
156,941 184,302

CURRENT ASSETS
Stocks 7,842 -
Debtors 6 135,296 79,033
Cash at bank and in hand 82,736 241,639
225,874 320,672
CREDITORS
Amounts falling due within one year 7 72,280 51,019
NET CURRENT ASSETS 153,594 269,653
TOTAL ASSETS LESS CURRENT
LIABILITIES
310,535
453,955

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

PROVISIONS FOR LIABILITIES - (3,233 )
NET ASSETS 310,535 221,217

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 310,435 221,117
SHAREHOLDERS' FUNDS 310,535 221,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 2 November 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 2 November 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 notes form part of these financial statements

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

Statement of Financial Position - continued
2 November 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 Board of Directors and authorised for issue on 9 March 2022 and were signed on its behalf 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 Period 1 April 2020 to 2 November 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

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

Taxation
Taxation for the period 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 period 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.

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

Notes to the Financial Statements - continued
for the Period 1 April 2020 to 2 November 2020

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2020 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2020
and 2 November 2020 401,400
AMORTISATION
At 1 April 2020 235,260
Charge for period 23,415
At 2 November 2020 258,675
NET BOOK VALUE
At 2 November 2020 142,725
At 31 March 2020 166,140

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2020 60,925
Disposals (3,276 )
At 2 November 2020 57,649
DEPRECIATION
At 1 April 2020 42,763
Charge for period 1,553
Eliminated on disposal (883 )
At 2 November 2020 43,433
NET BOOK VALUE
At 2 November 2020 14,216
At 31 March 2020 18,162

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

Notes to the Financial Statements - continued
for the Period 1 April 2020 to 2 November 2020

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2.11.20 31.3.20
£    £   
Trade debtors 25,835 11,970
Other debtors 109,461 67,063
135,296 79,033

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2.11.20 31.3.20
£    £   
Bank loans and overdrafts - 15,073
Trade creditors 9,191 1,560
Taxation and social security 60,035 32,058
Other creditors 3,054 2,328
72,280 51,019

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2.11.20 31.3.20
£    £   
Bank loans - 229,505

9. RELATED PARTY DISCLOSURES

There were loans to participators brought forward of £ 11,805 which were still outstanding at the year end.

Further loans of £50,262 were taken within the year and a total of £62,068 was outstanding as at 2 November 2020.

The loan was unsecured and interest charged at 2.5% per annum pro rata.

Page 6