Accounts filed on 30-11-2014


Registered number: 05987183






OPTICAL CARE CENTRE LTD


ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30/11/2014
























Prepared By:
AA-Accounting and Business Solutions Associates
265
Haydons Road
Wimbledon
London
SW19 8TY


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 30/11/2014

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 05987183


Registered Number: 05987183

BALANCE SHEET AT 30/11/2014

			2014		2013
	Notes		£		£

FIXED ASSETS
Intangible assets	2		20,000		20,000
Tangible assets	3		12,060		7,718

			32,060		27,718

CURRENT ASSETS
Stock		9,752		8,426
Debtors (amounts falling due within one year)	4	10,567		15,636
Cash at bank and in hand		19,771		3,085
		40,090		27,147
CREDITORS: Amounts falling due within one year		10,828		15,073
NET CURRENT ASSETS			29,262		12,074
TOTAL ASSETS LESS CURRENT LIABILITIES			61,322		39,792

CAPITAL AND RESERVES

Called up share capital	5		100		100
Profit and loss account			61,222		39,692
SHAREHOLDERS' FUNDS			61,322		39,792

For the year ending 30/11/2014 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 15/03/2015 and signed on their behalf by




Anand Shah
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and Fittings		reducing balance 25%
Equipment		reducing balance 25%




1d. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.




1e. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




1g. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.




4. DEBTORS	2014	2013
	£	£

Amounts falling due within one year:
Trade debtors	7,707	9,427
VAT	2,196	1,492
Other debtors	664	4,717
	10,567	15,636




5. SHARE CAPITAL	2014	2013
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100