Abbreviated Company Accounts - ZOE ENTERPRISES LIMITED

ZOE ENTERPRISES LIMITED - Company Information

03269128 ZOE ENTERPRISES LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true 03269128 2014-06-01 2015-05-31 03269128 2015-05-31 03269128 2014-05-31 03269128 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 03269128 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number 03269128

ZOE ENTERPRISES LIMITED

Abbreviated Accounts

31 May 2015

ZOE ENTERPRISES LIMITED Registered Number 03269128

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	2,591,218	1,840,517
		2,591,218	1,840,517
Current assets
Debtors		216,349	217,594
Cash at bank and in hand		27,437	14,120
		243,786	231,714
Creditors: amounts falling due within one year		(386,105)	(415,314)
Net current assets (liabilities)		(142,319)	(183,600)
Total assets less current liabilities		2,448,899	1,656,917
Creditors: amounts falling due after more than one year		(978,082)	(978,061)
Total net assets (liabilities)		1,470,817	678,856
Capital and reserves
Called up share capital	3	2	2
Revaluation reserve		1,265,342	541,921
Profit and loss account		205,473	136,933
Shareholders' funds		1,470,817	678,856

For the year ending 31 May 2015 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 January 2016

And signed on their behalf by:
E Eleftheriou, Director

ZOE ENTERPRISES LIMITED Registered Number 03269128

Notes to the Abbreviated Accounts for the period ended 31 May 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Equipment, fixtures & fittings 25% straight line

Other accounting policies
Investment properties
Investment properties are accounted for in accordance with SSAP 19 as follows:
"i) investment properties are revalued annually by the directors and the aggregate surplus or deficit is transferred to a revaluation reserve unless a deficit or its reversal, on an individual property is expected to be permanent, in which case its recognised profit and loss account for the period.
ii) no depreciation or amortisation is provided in respect of freehold investment properties and leasehold properties with over 20 years to run. "

Although the Companies Act would normally require the systematic annual depreciation of fixed assets, the directors believe that this policy of not providing depreciation or amortisation is necessary in order for the accounts to show a true and fair view, since the current value of the investment of properties, and changes in that current value, are of prime importance rather than a calculation of systematic annual depreciation. Depreciation or amortisation is only one of many factors reflected in the annual valuation, and the amount which might otherwise have been shown cannot be separately identified or quantified.

Group Accounting
Advantage has been taken of the exemptions available under the Companies Act 2006 from the need to prepare group accounts on the basis that the group qualifies as a small group.

2Tangible fixed assets

	£
Cost
At 1 June 2014	1,850,344
Additions	333,498
Disposals	-
Revaluations	417,203
Transfers	-
At 31 May 2015	2,601,045
Depreciation
At 1 June 2014	9,827
Charge for the year	-
On disposals	-
At 31 May 2015	9,827
Net book values
At 31 May 2015	2,591,218
At 31 May 2014	1,840,517

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2