Zelig Sound Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07623023 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2018

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:

First Floor RR

34/35 Eastcastle Street

London

W1W 8DW

REGISTERED NUMBER:

07623023 (England and Wales)

ACCOUNTANTS:

Pemberton Professionals Limited

9 Acton Hill Mews

Uxbridge Road

London

W3 9QN

FIXED ASSETS

Tangible assets

4

1,157

2,314

CURRENT ASSETS

Cash at bank and in hand

333,010

161,762

CREDITORS

Amounts falling due within one year

5

169,793

119,281

NET CURRENT ASSETS

163,217

42,481

TOTAL ASSETS LESS CURRENT LIABILITIES

164,374

44,795

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

164,274

44,695

SHAREHOLDERS' FUNDS

164,374

44,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 17 July 2018 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 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 June 2017

and 31 May 2018

114,471

5,785

120,256

DEPRECIATION

At 1 June 2017

114,471

3,471

117,942

Charge for year

-

1,157

1,157

At 31 May 2018

114,471

4,628

119,099

NET BOOK VALUE

At 31 May 2018

-

1,157

1,157

At 31 May 2017

-

2,314

2,314

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Tax

40,049

15,073

Social security and other taxes

748

839

VAT

15,792

10,710

Directors' current accounts

111,215

90,670

Accrued expenses

1,989

1,989

169,793

119,281