Smart Eyes Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04701075 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Smart Eyes Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S M Smart

Mrs K A Smart

SECRETARY:

REGISTERED OFFICE:

1080 Christchurch Road

Bournemouth

BH7 6DS

REGISTERED NUMBER:

04701075 (England and Wales)

ACCOUNTANTS:

Bournemouth Tax Limited

34 Braemar Avenue

Bournemouth

Dorset

BH6 4JF

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

169

825

169

825

CURRENT ASSETS

Stocks

2,240

4,688

Debtors

11,646

14,313

13,886

19,001

CREDITORS

Amounts falling due within one year

35,274

38,649

NET CURRENT LIABILITIES

(21,388

)

(19,648

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(21,219

)

(18,823

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(21,319

)

(18,923

)

SHAREHOLDERS' FUNDS

(21,219

)

(18,823

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 5 October 2015 and were signed on its behalf by:

S M Smart - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

90,000

Disposals

(90,000

)

At 31 March 2015

-

AMORTISATION

At 1 April 2014

90,000

Eliminated on disposal

(90,000

)

At 31 March 2015

-

NET BOOK VALUE

At 31 March 2015

-

At 31 March 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

24,550

Disposals

(4,245

)

At 31 March 2015

20,305

DEPRECIATION

At 1 April 2014

23,725

Charge for year

656

Eliminated on disposal

(4,245

)

At 31 March 2015

20,136

NET BOOK VALUE

At 31 March 2015

169

At 31 March 2014

825

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary

1

100

100