Abbreviated Company Accounts - A B OPTICS LIMITED

A B OPTICS LIMITED - Company Information

05573331 A B OPTICS LIMITED 2015-09-30 false 2014-10-01 2015-09-30 true 05573331 2014-10-01 2015-09-30 05573331 2015-09-30 05573331 2014-09-30 05573331 uk-gaap-cd-bus:Director1 2014-10-01 2015-09-30 05573331 uk-gaap-cd-bus:Director2 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 iso4217:GBP shares

Registered Number 05573331

A B OPTICS LIMITED

Abbreviated Accounts

30 September 2015

A B OPTICS LIMITED Registered Number 05573331

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	90,000	120,000
Tangible assets	3	5,359	7,155
		95,359	127,155
Current assets
Stocks		62,000	52,000
Debtors		26,569	19,700
Cash at bank and in hand		89,618	75,078
		178,187	146,778
Creditors: amounts falling due within one year		(71,742)	(143,438)
Net current assets (liabilities)		106,445	3,340
Total assets less current liabilities		201,804	130,495
Total net assets (liabilities)		201,804	130,495
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		201,802	130,493
Shareholders' funds		201,804	130,495

For the year ending 30 September 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 30 June 2016

And signed on their behalf by:
Mr Z Bandali, Director

A B OPTICS LIMITED Registered Number 05573331

Notes to the Abbreviated Accounts for the period ended 30 September 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets, so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Plant and machinery 25% reducing balance

Intangible assets amortisation policy
Amortisation is provided on intangible fixed assets, so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Goodwill 20% Straight line

Valuation information and policy
Stock is va;ued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

2Intangible fixed assets

	£
Cost
At 1 October 2014	199,500
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	199,500
Amortisation
At 1 October 2014	79,500
Charge for the year	30,000
On disposals	-
At 30 September 2015	109,500
Net book values
At 30 September 2015	90,000
At 30 September 2014	120,000

3Tangible fixed assets

	£
Cost
At 1 October 2014	32,129
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	32,129
Depreciation
At 1 October 2014	24,974
Charge for the year	1,796
On disposals	-
At 30 September 2015	26,770
Net book values
At 30 September 2015	5,359
At 30 September 2014	7,155

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

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2