DAVID_WILSON_OPTOMETRISTS - Accounts

DAVID WILSON OPTOMETRISTS LIMITED - Company Information

Print Friendly Version

Company Registration No. 7292565 (England and Wales)

DAVID WILSON OPTOMETRISTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

DAVID WILSON OPTOMETRISTS LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

2 - 3

Notes to the abbreviated accounts

4 - 5

DAVID WILSON OPTOMETRISTS LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DAVID WILSON OPTOMETRISTS LIMITED FOR THE YEAR ENDED 30 NOVEMBER 2015

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 5 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 David Wilson Optometrists Limited for the year ended 30 November 2015 set out on pages 3 to 10 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, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of David Wilson Optometrists Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of David Wilson Optometrists Limited and state those matters that we have agreed to state to the Board of Directors of David Wilson Optometrists Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than David Wilson Optometrists Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that David Wilson Optometrists Limited 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 David Wilson Optometrists Limited. You consider that David Wilson Optometrists Limited 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 David Wilson Optometrists Limited. 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.

Morris & Co

27 July 2016

Chartered Accountants

Chester House

Lloyd Drive

Cheshire Oaks Business Park

Ellesmere Port

Cheshire

CH65 9HQ

DAVID WILSON OPTOMETRISTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2015

- 2 -

2015

2014

Notes

Fixed assets

Tangible assets

8,867

12,263

Current assets

Stocks

31,014

37,712

Debtors

20,869

15,789

Cash at bank and in hand

115,236

137,743

167,119

191,244

Creditors: amounts falling due within one year

(76,242)

(125,107)

Net current assets

90,877

66,137

Total assets less current liabilities

99,744

78,400

Provisions for liabilities

(1,773)

(2,452)

97,971

75,948

Capital and reserves

Called up share capital

100

Profit and loss account

97,871

75,848

Shareholders' funds

97,971

75,948

DAVID WILSON OPTOMETRISTS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 NOVEMBER 2015

- 3 -

For the financial year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 June 2016

Mr D Wilson

Director

Company Registration No. 7292565

DAVID WILSON OPTOMETRISTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

- 4 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% on cost

Computer equipment

33% straight line

Fixtures, fittings & equipment

15% straight line

1.4

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

DAVID WILSON OPTOMETRISTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2015

- 5 -

Fixed assets

Tangible assets

Cost

At 1 December 2014

33,559

Additions

2,140

At 30 November 2015

35,699

Depreciation

At 1 December 2014

21,296

Charge for the year

5,536

At 30 November 2015

26,832

Net book value

At 30 November 2015

8,867

At 30 November 2014

12,263

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary of £1 each

100