Optical Distribution Limited - Abbreviated accounts 16.1

OPTICAL DISTRIBUTION LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr D Patel

REGISTERED OFFICE:

Regency House, Westminster Place

York Business Park, Nether Poppleton

York

England

YO26 6RW

REGISTERED NUMBER:

06959627 (England and Wales)

ACCOUNTANTS:

Akshar & Company

Chartered Accountants

221 Kenton Lane

Harrow

Middlesex

HA3 8RP

CURRENT ASSETS

Stocks

25,961

37,545

Debtors

5,977

6,521

Cash at bank and in hand

4,363

2,758

36,301

46,824

CREDITORS

Amounts falling due within one year

91,057

95,481

NET CURRENT LIABILITIES

(54,756

)

(48,657

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(54,756

)

(48,657

)

CAPITAL AND RESERVES

Called up share capital

2

100

Profit and loss account

(54,856

)

(48,757

)

SHAREHOLDERS' FUNDS

(54,756

)

(48,657

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 28 June 2016 and were signed by:

Mr D Patel - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At 30 September 2015 and at 30 September 2014 the current liabilities exceeded current assets. The director

of the company considers the going concern basis to be appropriate in view of the expected future revenue

streams and continuing financial support from its shareholders and director.

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 net invoiced sales of goods, excluding value added tax.

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 material timing differences that have originated but not reversed at

the balance sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1

Ordinary

£1

100