Zozma Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08089854 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2017

FOR

ZOZMA LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L F Baron

Mrs A J Baron

SECRETARY:

Mrs A J Baron

REGISTERED OFFICE:

Cherry Trees

Back Lane

Cross in hand

Heathfield

East Sussex

TN21 0QH

REGISTERED NUMBER:

08089854 (England and Wales)

ACCOUNTANTS:

D E Ball & Co Limited

Chartered Accountants

15 Bridge Road

Wellington

Telford

Shropshire

TF1 1EB

FIXED ASSETS

Intangible assets

3

47,275

56,575

Tangible assets

4

147

267

47,422

56,842

CURRENT ASSETS

Debtors

5

81,807

68,015

Cash at bank

20,159

14,360

101,966

82,375

CREDITORS

Amounts falling due within one year

6

24,368

21,160

NET CURRENT ASSETS

77,598

61,215

TOTAL ASSETS LESS CURRENT LIABILITIES

125,020

118,057

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

125,018

118,055

SHAREHOLDERS' FUNDS

125,020

118,057

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 27th June 2017 and were signed on its behalf by:

L F Baron - Director

1.	STATUTORY INFORMATION

Zozma Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

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.

Fixtures and fittings

-

20% on cost

Taxation

Taxation for the year 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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 year 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.

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st May 2016

and 30th April 2017

93,000

AMORTISATION

At 1st May 2016

36,425

Amortisation for year

9,300

At 30th April 2017

45,725

NET BOOK VALUE

At 30th April 2017

47,275

At 30th April 2016

56,575

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st May 2016

and 30th April 2017

600

DEPRECIATION

At 1st May 2016

333

Charge for year

120

At 30th April 2017

453

NET BOOK VALUE

At 30th April 2017

147

At 30th April 2016

267

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Other debtors

81,807

68,015

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Corporation tax

21,199

18,654

Directors' current accounts

1,112

467

Accrued expenses

2,057

2,039

24,368

21,160

7.	RELATED PARTY DISCLOSURES

Zozma Limited is a partner in Tucana Financial Planning LLP.

The directors , Mr L Baron and Mrs A Baron, are also partners in that business.

The company has supplied administration services to the partnership in the year amounting to £23,000.