Zelig Sound Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07623023 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2021

for

Zelig Sound Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs A Basu

M Wilcock

REGISTERED OFFICE:

6 Grafton Mews

London

W1T 5JF

REGISTERED NUMBER:

07623023 (England and Wales)

CURRENT ASSETS

Debtors

4

400,000

-

Cash at bank and in hand

1,025,937

1,091,585

1,425,937

1,091,585

CREDITORS

Amounts falling due within one year

5

231,481

370,287

NET CURRENT ASSETS

1,194,456

721,298

TOTAL ASSETS LESS CURRENT LIABILITIES

1,194,456

721,298

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,194,356

721,198

SHAREHOLDERS' FUNDS

1,194,456

721,298

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 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 12 October 2021 and were signed on its behalf by:

Mrs A Basu - Director

1.	STATUTORY INFORMATION

Zelig Sound 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 year was 3 (2020 - 3 ) .

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.21

31.5.20

£

£

Other debtors

400,000

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

£

Tax

127,877

92,911

Social security and other taxes

3,372

2,069

VAT

1,546

44,760

Directors' current accounts

96,096

227,957

Accrued expenses

2,590

2,590

231,481

370,287