Abbreviated Company Accounts - LOOKS OPTICAL CENTRE LIMITED

THE EYE COLLECTIVE (HARBORNE) LIMITED - Company Information

08949096 LOOKS OPTICAL CENTRE LIMITED 2014-12-31 false 2014-03-20 2014-12-31 true 08949096 2014-03-20 2014-12-31 08949096 2014-12-31 08949096 uk-gaap-cd-bus:Director1 2014-03-20 2014-12-31 08949096 uk-gaap-cd-bus:Director2 2014-03-20 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-20 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 08949096

LOOKS OPTICAL CENTRE LIMITED

Abbreviated Accounts

31 December 2014

LOOKS OPTICAL CENTRE LIMITED Registered Number 08949096

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014
		£
Fixed assets
Intangible assets	2	243,892
Tangible assets	3	72,023
		315,915
Current assets
Stocks		36,250
Debtors		10,821
Cash at bank and in hand		1,823
		48,894
Creditors: amounts falling due within one year		(220,461)
Net current assets (liabilities)		(171,567)
Total assets less current liabilities		144,348
Creditors: amounts falling due after more than one year		(154,556)
Total net assets (liabilities)		(10,208)
Capital and reserves
Called up share capital	4	100
Profit and loss account		(10,308)
Shareholders' funds		(10,208)

For the year ending 31 December 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 September 2015

And signed on their behalf by:
Mr M A Jaffer, Director

LOOKS OPTICAL CENTRE LIMITED Registered Number 08949096

Notes to the Abbreviated Accounts for the period ended 31 December 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 net invoiced sales of goods, excluding VAT

Tangible assets depreciation policy
Depreciation is provided at the following rate in order to write off each asset over its estimated useful life:
Fixtures, fittings and Equipment - 20% on written down value

Intangible assets amortisation policy
Goodwill represents the difference between the fair value of the consideration paid on acquisition of a business and the fair value of its separable net assets at the date of acquisition. Goodwill is amortized over its estimated useful life of ten years

Other accounting policies
Stocks are valued at lower of cost and NRV

2Intangible fixed assets

	£
Cost
Additions	259,000
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	259,000
Amortisation
Charge for the year	15,108
On disposals	-
At 31 December 2014	15,108
Net book values
At 31 December 2014	243,892

3Tangible fixed assets

	£
Cost
Additions	78,896
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	78,896
Depreciation
Charge for the year	6,873
On disposals	-
At 31 December 2014	6,873
Net book values
At 31 December 2014	72,023

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

	2014 £
100 Ordinary shares of £1 each	100