Accounts filed on 31-12-2015


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31/12/2015

















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 31/12/2015

			2015		2014
	Notes		€		€

FIXED ASSETS
Intangible assets	2		116,154		174,232

CURRENT ASSETS
Debtors (amounts falling due within one year)	3	874,421		646,525
Cash at bank and in hand		396,310		282,963
		1,270,731		929,488
CREDITORS: Amounts falling due within one year		1,341,129		855,408
NET CURRENT (LIABILITIES) / ASSETS			(70,398)		74,080
TOTAL ASSETS LESS CURRENT LIABILITIES			45,756		248,312

CAPITAL AND RESERVES

Called up share capital	4		1,362		1,362
Profit and loss account			44,394		246,950
SHAREHOLDERS' FUNDS			45,756		248,312

For the year ending 31/12/2015 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 29/09/2016 and signed on their behalf by




Rossano Ferretti
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 January 2015).




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 January 2015).




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	2015	2014
	€	€

Amounts falling due within one year:
Trade debtors	5,542	129,035
VAT	-	211
Other debtors	868,879	517,279
	874,421	646,525




4. SHARE CAPITAL	2015	2014
	€	€
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.

	2015	2014
	€	€
Sales	833,310	826,856
	833,310	826,856




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.