Abbreviated Company Accounts - INDUSTRIAL EYECARE LIMITED

INDUSTRIAL EYECARE LIMITED - Company Information

05972443 INDUSTRIAL EYECARE LIMITED 2014-04-30 false 2013-05-01 2014-04-30 true 05972443 2013-05-01 2014-04-30 05972443 2014-04-30 05972443 2013-04-30 05972443 uk-gaap-cd-bus:Director1 2013-05-01 2014-04-30 05972443 uk-gaap-cd-bus:Director2 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-30 iso4217:GBP shares

Registered Number 05972443

INDUSTRIAL EYECARE LIMITED

Abbreviated Accounts

30 April 2014

INDUSTRIAL EYECARE LIMITED Registered Number 05972443

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	11,734	14,746
Tangible assets	3	26,451	35,853
		38,185	50,599
Current assets
Stocks		22,000	26,000
Debtors		14,711	11,042
Cash at bank and in hand		1,421	3,508
		38,132	40,550
Creditors: amounts falling due within one year		(92,195)	(90,599)
Net current assets (liabilities)		(54,063)	(50,049)
Total assets less current liabilities		(15,878)	550
Creditors: amounts falling due after more than one year		(8,834)	(10,834)
Total net assets (liabilities)		(24,712)	(10,284)
Capital and reserves
Called up share capital	4	1,000	1,000
Profit and loss account		(25,712)	(11,284)
Shareholders' funds		(24,712)	(10,284)

For the year ending 30 April 2014 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 30 January 2015

And signed on their behalf by:
R M Reid, Director

INDUSTRIAL EYECARE LIMITED Registered Number 05972443

Notes to the Abbreviated Accounts for the period ended 30 April 2014

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.

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery: 10% straight line
Computer equipment: 33% straight line
Fixtures, fittings & equipment: 25% reducing balance

2Intangible fixed assets

	£
Cost
At 1 May 2013	30,120
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	30,120
Amortisation
At 1 May 2013	15,374
Charge for the year	3,012
On disposals	-
At 30 April 2014	18,386
Net book values
At 30 April 2014	11,734
At 30 April 2013	14,746

3Tangible fixed assets

	£
Cost
At 1 May 2013	101,554
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	101,554
Depreciation
At 1 May 2013	65,701
Charge for the year	9,402
On disposals	-
At 30 April 2014	75,103
Net book values
At 30 April 2014	26,451
At 30 April 2013	35,853

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000