Abbreviated Company Accounts - VISUALEYES OPTICIANS LIMITED

VISUALEYES OPTICIANS LIMITED - Company Information

04148746 VISUALEYES OPTICIANS LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 04148746 2014-04-01 2015-03-31 04148746 2015-03-31 04148746 2014-03-31 04148746 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 04148746 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 04148746

VISUALEYES OPTICIANS LIMITED

Abbreviated Accounts

31 March 2015

VISUALEYES OPTICIANS LIMITED Registered Number 04148746

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	40,000	45,000
Tangible assets	3	16,213	19,895
		56,213	64,895
Current assets
Stocks		11,950	12,935
Debtors		16,991	7,624
Cash at bank and in hand		55,383	54,760
		84,324	75,319
Creditors: amounts falling due within one year		(29,975)	(32,573)
Net current assets (liabilities)		54,349	42,746
Total assets less current liabilities		110,562	107,641
Creditors: amounts falling due after more than one year		0	(3,049)
Total net assets (liabilities)		110,562	104,592
Capital and reserves
Called up share capital	4	3	3
Profit and loss account		110,559	104,589
Shareholders' funds		110,562	104,592

For the year ending 31 March 2015 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 16 December 2015

And signed on their behalf by:
Mr Mohamed Javed Kanani, Director

VISUALEYES OPTICIANS LIMITED Registered Number 04148746

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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 and fittings - 25% on written down value
Land and buildings - Nil

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 20 years

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

2Intangible fixed assets

	£
Cost
At 1 April 2014	100,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	100,000
Amortisation
At 1 April 2014	55,000
Charge for the year	5,000
On disposals	-
At 31 March 2015	60,000
Net book values
At 31 March 2015	40,000
At 31 March 2014	45,000

Goodwill is being written off in equal annual instalment over its estimated economic life of 20 years

3Tangible fixed assets

	£
Cost
At 1 April 2014	66,128
Additions	1,722
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	67,850
Depreciation
At 1 April 2014	46,233
Charge for the year	5,404
On disposals	-
At 31 March 2015	51,637
Net book values
At 31 March 2015	16,213
At 31 March 2014	19,895

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

	2015 £	2014 £
3 Ordinary shares of £11 each	33	33