Abbreviated Company Accounts - A B OPTICS LIMITED

A B OPTICS LIMITED - Company Information

05573331 A B OPTICS LIMITED 2014-09-30 false 2013-10-01 2014-09-30 true 05573331 2013-10-01 2014-09-30 05573331 2014-09-30 05573331 2013-09-30 05573331 uk-gaap-cd-bus:Director1 2013-10-01 2014-09-30 05573331 uk-gaap-cd-bus:Director2 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-30 iso4217:GBP shares

Registered Number 05573331

A B OPTICS LIMITED

Abbreviated Accounts

30 September 2014

A B OPTICS LIMITED Registered Number 05573331

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	120,000	-
Tangible assets	3	7,155	9,540
		127,155	9,540
Current assets
Stocks		52,000	9,000
Debtors		19,700	21,676
Cash at bank and in hand		75,078	92,138
		146,778	122,814
Creditors: amounts falling due within one year		(143,438)	(50,256)
Net current assets (liabilities)		3,340	72,558
Total assets less current liabilities		130,495	82,098
Total net assets (liabilities)		130,495	82,098
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		130,493	82,096
Shareholders' funds		130,495	82,098

For the year ending 30 September 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 June 2015

And signed on their behalf by:
Mr Z A Bandali, Director

A B OPTICS LIMITED Registered Number 05573331

Notes to the Abbreviated Accounts for the period ended 30 September 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 chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Plant and machinery 25% reducing balance

Intangible assets amortisation policy
Amortisation is provided on intangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Goodwill 20% reducing balance

Valuation information and policy
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Other accounting policies
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term

2Intangible fixed assets

	£
Cost
At 1 October 2013	49,500
Additions	150,000
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	199,500
Amortisation
At 1 October 2013	49,500
Charge for the year	30,000
On disposals	-
At 30 September 2014	79,500
Net book values
At 30 September 2014	120,000
At 30 September 2013	0

3Tangible fixed assets

	£
Cost
At 1 October 2013	32,129
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	32,129
Depreciation
At 1 October 2013	22,589
Charge for the year	2,385
On disposals	-
At 30 September 2014	24,974
Net book values
At 30 September 2014	7,155
At 30 September 2013	9,540

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

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2