Le Suc Limited - Period Ending 2018-05-31

Registration number: 09053353

Le Suc Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2018

Ripe LLP
9A Burroughs Gardens
London
NW4 4AU

Le Suc Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 6

Le Suc Limited

Company Information

Director

Mrs O Veselova

Company secretary

Mrs O Veselova

Registered office

9A Burroughs Gardens London NW4 4AU

Accountants

Ripe LLP 9A Burroughs Gardens London NW4 4AU

Page 1

Le Suc Limited

(Registration number: 09053353)
Balance Sheet as at 31 May 2018

	Note	2018 £	2017 £
Fixed assets
Intangible assets	2	5,263	7,894
Investments	3	45,000	45,000
		50,263	52,894
Current assets
Debtors	4	489	1,247
Cash at bank and in hand		82,375	91,536
		82,864	92,783
Creditors: Amounts falling due within one year	5	(219,362)	(216,755)
Net current liabilities		(136,498)	(123,972)
Net liabilities		(86,235)	(71,078)
Capital and reserves
Called up share capital	6	100	100
Profit and loss account		(86,335)	(71,178)
Total equity		(86,235)	(71,078)

The notes on pages 4 to 6 form an integral part of these financial statements.

Page 2

Le Suc Limited

(Registration number: 09053353)
Balance Sheet as at 31 May 2018

For the financial year ending 31 May 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 29 August 2018
 

.........................................

Mrs O Veselova
Company secretary and director

The notes on pages 4 to 6 form an integral part of these financial statements.

Page 3

Le Suc Limited

Notes to the Financial Statements for the Year Ended 31 May 2018

1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The accounts have been prepared on a going concern basis on the understanding that the director will continue to support the company for the foreseeable future.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Investments
Investments are stated at historical cost less provision for any diminution in value.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Websites	3 years from Jun'17

Page 4

Le Suc Limited

Notes to the Financial Statements for the Year Ended 31 May 2018

2	Intangible assets

	Website £	Total £
Cost or valuation
At 1 June 2017	7,894	7,894
At 31 May 2018	7,894	7,894
Amortisation charge	2,631	2,631
At 31 May 2018	2,631	2,631
At 31 May 2018	5,263	5,263
At 31 May 2017	7,894	7,894

3	Investments

	Unlisted investments £	Total £
Other investments
Cost or valuation
At 1 June 2017	45,000	45,000
At 31 May 2018	45,000	45,000
Net book value
At 31 May 2018	45,000	45,000

The company had acquired 20% (1020 shares) of First Call Accounting Limited on 4 December 2014.

4

Debtors

	2018 £	2017 £
Other debtors	489	1,247

Page 5

Le Suc Limited

Notes to the Financial Statements for the Year Ended 31 May 2018

5

Creditors

Creditors: amounts falling due within one year

	Note	2018 £	2017 £
Due within one year
Trade creditors		-	3,529
Other creditors		219,362	213,226
		219,362	216,755

Included in other creditors is a balance due to the director, Olesya Veselova of £218,362 (2017: £211,126).

6	Share capital

Allotted, called up and fully paid shares

	2018		2017
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

7

Control

The director is the ultimate controlling party by virtue of her controlling shareholding in the company.

8

Related party disclosures

First Call Accounting Limited

A company in which Le Suc Limited is a shareholder.
During the year Le Suc Limited has received £2,138 for marketing income from First Call Accounting Limited.

Page 6