Abbreviated Company Accounts - OPTALED LIMITED

Registered Number 06669027

OPTALED LIMITED

Abbreviated Accounts

31 December 2013

OPTALED LIMITED Registered Number 06669027

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	1,775	1,954
		1,775	1,954
Current assets
Stocks		40,425	12,742
Debtors		112,300	30,655
Cash at bank and in hand		3,910	49,128
		156,635	92,525
Creditors: amounts falling due within one year		(74,791)	(25,640)
Net current assets (liabilities)		81,844	66,885
Total assets less current liabilities		83,619	68,839
Total net assets (liabilities)		83,619	68,839
Capital and reserves
Called up share capital		2	2
Profit and loss account		83,617	68,837
Shareholders' funds		83,619	68,839

For the year ending 31 December 2013 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 28 May 2014

And signed on their behalf by:
J Birch, Director
R Hunt, Director

OPTALED LIMITED Registered Number 06669027

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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, which is stated net value added tax, represents work done for third parties. All turnover was attributable to the UK market.

Tangible assets depreciation policy
Depreciation
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value, of each asset over its expected useful life of 3 years.

Other accounting policies
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Leasing and hire purchase commitments
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the lease term.

2Tangible fixed assets

	£
Cost
At 1 January 2013	2,931
Additions	413
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	3,344
Depreciation
At 1 January 2013	977
Charge for the year	592
On disposals	-
At 31 December 2013	1,569
Net book values
At 31 December 2013	1,775
At 31 December 2012	1,954