A B OPTICS LIMITED

A B OPTICS LIMITED

A B OPTICS LIMITED - Company Information

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A B OPTICS LIMITED

Company Registration Number:
05573331 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2020

Period of accounts

Start date: 01 October 2019

End date: 30 September 2020

A B OPTICS LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2020

Balance sheet
Notes

A B OPTICS LIMITED

Balance sheet

As at 30 September 2020


Notes
2020
2019


£
£
Fixed assets
Intangible assets: 3 106,314 136,314
Tangible assets: 4 15,824 21,099
Total fixed assets: 122,138 157,413
Current assets
Stocks: 59,000 59,000
Debtors:   30,899 32,599
Cash at bank and in hand: 158,824 58,094
Total current assets: 248,723 149,693
Creditors: amounts falling due within one year:   (208,611) (144,602)
Net current assets (liabilities): 40,112 5,091
Total assets less current liabilities: 162,250 162,504
Creditors: amounts falling due after more than one year:   (11,416) (14,199)
Total net assets (liabilities): 150,834 148,305
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 150,832 148,303
Shareholders funds: 150,834 148,305

The notes form part of these financial statements

A B OPTICS LIMITED

Balance sheet statements

For the year ending 30 September 2020 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 June 2021
and signed on behalf of the board by:

Name: Mr Z Bandali
Status: Director

The notes form part of these financial statements

A B OPTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and services in the ordinary courseof the company's activities. Turnover is shown net of value added tax

Tangible fixed assets and depreciation policy

Depreciation is charged so as to write off the cost of assets over their estimated useful lives as follows:Plant and machinery 25% reducing balance

Intangible fixed assets and amortisation policy

Amortisation is charged so as to write off the cost of assets over their estimated useful lives as follows:Goodwill 10% straight line

A B OPTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2020

2. Employees

2020 2019
Average number of employees during the period 20 22

A B OPTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2020

3. Intangible Assets

Total
Cost £
At 01 October 2019 365,814
At 30 September 2020 365,814
Amortisation
At 01 October 2019 229,500
Charge for year 30,000
At 30 September 2020 259,500
Net book value
At 30 September 2020 106,314
At 30 September 2019 136,314

A B OPTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2020

4. Tangible Assets

Total
Cost £
At 01 October 2019 70,259
At 30 September 2020 70,259
Depreciation
At 01 October 2019 49,160
Charge for year 5,275
At 30 September 2020 54,435
Net book value
At 30 September 2020 15,824
At 30 September 2019 21,099