Optikal (Potters Bar) Ltd - Limited company - abbreviated - 11.9

Optikal (Potters Bar) Ltd - Limited company - abbreviated - 11.9

OPTIKAL (POTTERS BAR) LTD - Company Information

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OPTIKAL (POTTERS BAR) LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

31 MARCH 2015






OPTIKAL (POTTERS BAR) LTD (REGISTERED NUMBER: 06729964)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Chartered Accountants' Report 6

OPTIKAL (POTTERS BAR) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2015







DIRECTOR: Mrs S Tuli





REGISTERED OFFICE: 2nd Floor
201 Haverstock Hill
London
NW3 4QG





REGISTERED NUMBER: 06729964 (England and Wales)





ACCOUNTANTS: AEL Markhams Ltd
Chartered Accountants
201 Haverstock Hill
London
NW3 4QG
Page 1
OPTIKAL (POTTERS BAR) LTD (REGISTERED NUMBER: 06729964)

ABBREVIATED BALANCE SHEET
31 MARCH 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 66,774 71,524
Tangible assets 3 87,997 54,628
154,771 126,152

CURRENT ASSETS
Stocks 35,562 44,600
Debtors 86,810 54,273
122,372 98,873
CREDITORS
Amounts falling due within one year 232,406 155,497
NET CURRENT LIABILITIES (110,034 ) (56,624 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
44,737
69,528

CREDITORS
Amounts falling due after more than one year 4 23,900 41,213
NET ASSETS 20,837 28,315

CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and loss account 20,737 28,215
SHAREHOLDERS' FUNDS 20,837 28,315

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 director acknowledges her 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 notes form part of these abbreviated accounts

Page 2 continued...
OPTIKAL (POTTERS BAR) LTD (REGISTERED NUMBER: 06729964)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2015


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 14 September 2015 and were signed by:





Mrs S Tuli - Director


The notes form part of these abbreviated accounts

Page 3
OPTIKAL (POTTERS BAR) LTD (REGISTERED NUMBER: 06729964)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice), which have been consistently applied (except as otherwise stated).

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).

Going concern
The Company has sufficient access to financial resources which, together with internally generated cash flows, will
continue to provide sufficient sources of liquidity to fund its current operations including its contractual and
commercial commitments and the Company is well placed to manage its business risks successfully. The director has
formed the judgement, at the time of approving the financial statements, that there is a reasonable expectation that the
Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, the
director continues to adopt the going concern basis in preparing the financial statements.

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 2009, is being amortised evenly over its estimated useful life of twenty years.

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 - 5% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 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.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014
and 31 March 2015 95,000
AMORTISATION
At 1 April 2014 23,476
Amortisation for year 4,750
At 31 March 2015 28,226
NET BOOK VALUE

At 31 March 2015 66,774
At 31 March 2014 71,524

Page 4 continued...
OPTIKAL (POTTERS BAR) LTD (REGISTERED NUMBER: 06729964)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014 142,635
Additions 62,227
At 31 March 2015 204,862
DEPRECIATION
At 1 April 2014 88,007
Charge for year 28,858
At 31 March 2015 116,865
NET BOOK VALUE
At 31 March 2015 87,997
At 31 March 2014 54,628

4. CREDITORS

Creditors include the following debts falling due in more than five years:

2015 2014
£    £   
Repayable by instalments 23,900 36,632

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2015 and 31 March 2014:

2015 2014
£    £   
Mrs S Tuli
Balance outstanding at start of year (20,993 ) (8,627 )
Amounts advanced 20,993 212,556
Amounts repaid (50,000 ) (224,922 )
Balance outstanding at end of year (50,000 ) (20,993 )

Page 5
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
OPTIKAL (POTTERS BAR) LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have
been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of Optikal (Potters Bar) Ltd for the year ended 31 March 2015 which comprise the Profit and Loss Account, the
Balance Sheet and the related notes from the company's accounting records and from information and explanations you have
given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Optikal (Potters Bar) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Optikal (Potters Bar) Ltd and state those matters that we have agreed to state to the director of Optikal (Potters Bar) Ltd in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Optikal (Potters Bar) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Optikal (Potters Bar) Ltd. You consider that Optikal (Potters Bar) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Optikal (Potters Bar) Ltd. For this
reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have
given to us and we do not, therefore, express any opinion on the statutory financial statements.






AEL Markhams Ltd
Chartered Accountants
201 Haverstock Hill
London
NW3 4QG


18 September 2015

This page does not form part of the abbreviated accounts

Page 6