Sight Care UK Ltd - Limited company accounts 16.1
Sight Care UK Ltd - Limited company accounts 16.1
| DRAFT |
| REGISTERED NUMBER: |
| REPORT OF THE DIRECTORS AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2015 |
| FOR |
| SIGHT CARE UK LTD |
| SIGHT CARE UK LTD (REGISTERED NUMBER: 04556532) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2015 |
| DRAFT |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Profit and Loss Account | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 6 |
| SIGHT CARE UK LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 OCTOBER 2015 |
| DRAFT |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| SIGHT CARE UK LTD (REGISTERED NUMBER: 04556532) |
| REPORT OF THE DIRECTORS |
| FOR THE YEAR ENDED 31 OCTOBER 2015 |
| DRAFT |
| The directors present their report with the financial statements of the company for the year ended 31 October 2015. |
| PRINCIPAL ACTIVITIES |
| The principal activities of the company in the year under review were those of an optometrist. |
| DIRECTORS |
| Other changes in directors holding office are as follows: |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
| companies. |
| ON BEHALF OF THE BOARD: |
| SIGHT CARE UK LTD (REGISTERED NUMBER: 04556532) |
| PROFIT AND LOSS ACCOUNT |
| FOR THE YEAR ENDED 31 OCTOBER 2015 |
| 2015 | 2014 |
| Notes | £ | £ |
| DRAFT |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| OPERATING PROFIT | 3 |
| Interest receivable and similar income |
| PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION |
| Tax on profit on ordinary activities | 4 |
| PROFIT FOR THE FINANCIAL YEAR |
| SIGHT CARE UK LTD (REGISTERED NUMBER: 04556532) |
| BALANCE SHEET |
| 31 OCTOBER 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| DRAFT |
| FIXED ASSETS |
| Intangible assets | 6 |
| Tangible assets | 7 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 8 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 10 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Share premium | 12 |
| Profit and loss account | 12 |
| SHAREHOLDERS' FUNDS |
| 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. |
| SIGHT CARE UK LTD (REGISTERED NUMBER: 04556532) |
| BALANCE SHEET - continued |
| 31 OCTOBER 2015 |
| DRAFT |
| The financial statements were approved by the Board of Directors on |
| SIGHT CARE UK LTD (REGISTERED NUMBER: 04556532) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2015 |
| DRAFT |
| 1. | GOODWILL |
| Goodwill, being the amount paid in connection with the acquisition of a business in 2004, was amortised evenly |
| over its estimated useful life of ten years. |
| 2. | 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 January 2015). |
| Turnover |
| Turnover represents the net sales of goods and services, excluding value added tax. |
| Tangible fixed assets |
| Fixtures & fittings | - |
| Computer equipment | - |
| 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. |
| 3. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 2015 | 2014 |
| £ | £ |
| Depreciation - owned assets |
| Loss on disposal of fixed assets |
| Directors' remuneration and other benefits etc |
| 4. | TAXATION |
| Analysis of the tax charge |
| The tax charge on the profit on ordinary activities for the year was as follows: |
| 2015 | 2014 |
| £ | £ |
| Current tax: |
| UK corporation tax |
| Deferred tax | ( |
) |
| Tax on profit on ordinary activities |
| SIGHT CARE UK LTD (REGISTERED NUMBER: 04556532) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2015 |
| DRAFT |
| 5. | DIVIDENDS |
| 2015 | 2014 |
| £ | £ |
| Ordinary 'A' shares shares of £1 each |
| Final | 66,000 | 65,000 |
| Ordinary 'B' shares shares of £1 each |
| Final | 17,160 | 17,135 |
| 6. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| Goodwill | assets | Totals |
| £ | £ | £ |
| COST |
| At 1 November 2014 |
| and 31 October 2015 |
| AMORTISATION |
| At 1 November 2014 |
| and 31 October 2015 |
| NET BOOK VALUE |
| At 31 October 2015 |
| At 31 October 2014 |
| 7. | TANGIBLE FIXED ASSETS |
| Fixtures | Computer |
| & fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 November 2014 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 October 2015 |
| DEPRECIATION |
| At 1 November 2014 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 October 2015 |
| NET BOOK VALUE |
| At 31 October 2015 |
| At 31 October 2014 |
| SIGHT CARE UK LTD (REGISTERED NUMBER: 04556532) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2015 |
| DRAFT |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2015 | 2014 |
| £ | £ |
| Trade debtors | 70 | 1,172 |
| Other debtors | 2,431 | 4,487 |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2015 | 2014 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 10. | PROVISIONS FOR LIABILITIES |
| 2015 | 2014 |
| £ | £ |
| Deferred tax |
| Deferred |
| tax |
| £ |
| Balance at 1 November 2014 |
| Provision for the year | 870 |
| Balance at 31 October 2015 |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary 'A' shares | £1 |
| Ordinary 'B' shares | £1 |
| 150 | 150 |
| 12. | RESERVES |
| Profit |
| and loss | Share |
| account | premium | Totals |
| £ | £ | £ |
| At 1 November 2014 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 31 October 2015 |
| SIGHT CARE UK LTD (REGISTERED NUMBER: 04556532) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2015 |
| DRAFT |
| 13. | RELATED PARTY DISCLOSURES |
| 14. | ULTIMATE CONTROLLING PARTY |
| The shareholder voting rights attach only to the ordinary 'A' shares. The directors each own one half of same and |
| the reporting entity therefore has no ultimate controlling party. |