Abbreviated Company Accounts - TONI & GUY OPTICIANS LTD

Abbreviated Company Accounts - TONI & GUY OPTICIANS LTD

BROMLEY CROSS OPTICIANS LIMITED - Company Information

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Registered Number 04782231

TONI & GUY OPTICIANS LTD

Abbreviated Accounts

31 August 2014

TONI & GUY OPTICIANS LTD Registered Number 04782231

Abbreviated Balance Sheet as at 31 August 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 15,303 23,938
15,303 23,938
Current assets
Stocks 44,096 48,796
Debtors 392,839 392,839
Cash at bank and in hand 50 -
436,985 441,635
Creditors: amounts falling due within one year (462,239) (457,906)
Net current assets (liabilities) (25,254) (16,271)
Total assets less current liabilities (9,951) 7,667
Creditors: amounts falling due after more than one year - (8,327)
Total net assets (liabilities) (9,951) (660)
Capital and reserves
Called up share capital 100 100
Profit and loss account (10,051) (760)
Shareholders' funds (9,951) (660)
  • For the year ending 31 August 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 May 2015

And signed on their behalf by:
Mr Phillip Kynaston, Director

TONI & GUY OPTICIANS LTD Registered Number 04782231

Notes to the Abbreviated Accounts for the period ended 31 August 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 amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Land & buildings leasehold - 20% straight line
Plant & machinery - 20% straight line
Computer equipment - 33% straight line
Fixtures, fittings & equipment - 20% straight line

2Tangible fixed assets
£
Cost
At 1 September 2013 57,496
Additions 4,475
Disposals -
Revaluations -
Transfers -
At 31 August 2014 61,971
Depreciation
At 1 September 2013 33,558
Charge for the year 13,110
On disposals -
At 31 August 2014 46,668
Net book values
At 31 August 2014 15,303
At 31 August 2013 23,938