Abbreviated Company Accounts - EYE GLASS HUT.COM LTD

EYE GLASS HUT.COM LTD - Company Information

06256611 EYE GLASS HUT.COM LTD 2014-05-31 false 2013-06-01 2014-05-31 true 06256611 2013-06-01 2014-05-31 06256611 2014-05-31 06256611 2013-05-31 06256611 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 06256611 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 06256611

EYE GLASS HUT.COM LTD

Abbreviated Accounts

31 May 2014

EYE GLASS HUT.COM LTD Registered Number 06256611

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	750	1,500
		750	1,500
Current assets
Stocks		6,962	6,962
Debtors		100	100
Cash at bank and in hand		153	213
		7,215	7,275
Creditors: amounts falling due within one year		(9,801)	(9,801)
Net current assets (liabilities)		(2,586)	(2,526)
Total assets less current liabilities		(1,836)	(1,026)
Total net assets (liabilities)		(1,836)	(1,026)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(1,936)	(1,126)
Shareholders' funds		(1,836)	(1,026)

For the year ending 31 May 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 12 February 2015

And signed on their behalf by:
R Kakkad, Director

EYE GLASS HUT.COM LTD Registered Number 06256611

Notes to the Abbreviated Accounts for the period ended 31 May 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.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

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

Fixtures, fittings and equipment - 25% straight line

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value.

Going concern
The company had net deficiency of shareholders funds at the balance sheet date. The company was supported by the directors and creditors and accordingly the accounts are prepared on a going concern basis.

2Tangible fixed assets

	£
Cost
At 1 June 2013	3,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	3,000
Depreciation
At 1 June 2013	1,500
Charge for the year	750
On disposals	-
At 31 May 2014	2,250
Net book values
At 31 May 2014	750
At 31 May 2013	1,500

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100