Antony Austin Optometrists Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03538671 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

FOR

ANTONY AUSTIN OPTOMETRISTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr P Austin

SECRETARY:

Mr A J Schneider

REGISTERED OFFICE:

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

REGISTERED NUMBER:

03538671 (England and Wales)

ACCOUNTANTS:

Raffingers Stuart

Chartered Certified Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Tangible assets

2

6,067

7,214

CURRENT ASSETS

Stocks

39,195

37,118

Debtors

51,573

29,815

Cash at bank

23,659

49,925

114,427

116,858

CREDITORS

Amounts falling due within one year

29,501

27,840

NET CURRENT ASSETS

84,926

89,018

TOTAL ASSETS LESS CURRENT LIABILITIES

90,993

96,232

PROVISIONS FOR LIABILITIES

-

1,181

NET ASSETS

90,993

95,051

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

90,893

94,951

SHAREHOLDERS' FUNDS

90,993

95,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 9 September 2015 and were signed by:

Mr P Austin - 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.

Tangible fixed assets

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

Short leasehold

-

10% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Pensions

The company operates a defined contribution pension scheme. The assets of the scheme are

held separately from those of the company in an independently administered fund.

Contributions payable for the year are charged in the profit and loss account.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

65,274

DEPRECIATION

At 1 May 2014

58,060

Charge for year

1,147

At 30 April 2015

59,207

NET BOOK VALUE

At 30 April 2015

6,067

At 30 April 2014

7,214

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100