Accounts filed on 31-12-2014


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31/12/2014

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 04282246


Registered Number: 04282246

BALANCE SHEET AT 31/12/2014

			2014		2013
	Notes		€		€

FIXED ASSETS
Intangible assets	2		174,232		232,310

CURRENT ASSETS
Debtors (amounts falling due within one year)	3	646,524		308,508
Cash at bank and in hand		282,963		189,164
		929,487		497,672
CREDITORS: Amounts falling due within one year		855,407		543,174
NET CURRENT ASSETS / (LIABILITIES)			74,080		(45,502)
TOTAL ASSETS LESS CURRENT LIABILITIES			248,312		186,808

CAPITAL AND RESERVES

Called up share capital	4		1,362		1,362
Profit and loss account			246,950		185,446
SHAREHOLDERS' FUNDS			248,312		186,808

For the year ending 31/12/2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board on 29/09/2015 and signed on their behalf by




Andrew Simon Davis
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).




1c. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1d. Foreign Currency
Transactions in foreign currency are translated at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the exchange rate ruling at that date. Foreign exchange gains and losses are recognised in the income statement. Non-monetary assets and liabilities that are measured in terms of historical cost in a foreign currency are translated using the exchange rate at the date of the transaction.




1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




3. DEBTORS	2014	2013
	€	€

Amounts falling due within one year:
Trade debtors	129,034	156,509
VAT	211	-
Other debtors	517,279	151,999
	646,524	308,508




4. SHARE CAPITAL	2014	2013
	€	€
Allotted, issued and fully paid:
2 Ordinary shares of £500 each	1362	1362
	1,362	1,362




5. TURNOVER

The turnover and pre-tax result is attributable to provision of consultancy and promotional services and managing trademarks and patents in the cosmetic products industry.

	2014	2013
	€	€
Sales	826,856	682,738
	826,856	682,738




6. CONTROLLING PARTY
The company is controlled by Mr Rossano Ferretti by virtue of his ownership of 100% of the issued share capital of Zone L. Mayfair 1 Limited, which, in turn, holds 100% of the issued share capital of Zone L. Mayfair Limited.