Abbreviated Company Accounts - ADAIR OPTICIANS LTD

ADAIR OPTICIANS LTD - Company Information

Registered Number NI621209

ADAIR OPTICIANS LTD

Abbreviated Accounts

31 October 2015

ADAIR OPTICIANS LTD Registered Number NI621209

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	68,000	76,000
Tangible assets	3	1,486	142
		69,486	76,142
Current assets
Stocks		9,850	9,738
Debtors		9,708	11,089
Cash at bank and in hand		25,869	13,955
		45,427	34,782
Creditors: amounts falling due within one year		(102,776)	(91,915)
Net current assets (liabilities)		(57,349)	(57,133)
Total assets less current liabilities		12,137	19,009
Accruals and deferred income		(2,715)	(5,199)
Total net assets (liabilities)		9,422	13,810
Capital and reserves
Called up share capital		1	1
Profit and loss account		9,421	13,809
Shareholders' funds		9,422	13,810

For the year ending 31 October 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 July 2016

And signed on their behalf by:
Deborah Adair, Director

ADAIR OPTICIANS LTD Registered Number NI621209

Notes to the Abbreviated Accounts for the period ended 31 October 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 total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 25% straight line
Fixtures and fittings - 33% striaght line

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual installments over its estimated useful economic life of 10 years.

2Intangible fixed assets

	£
Cost
At 1 November 2014	80,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	80,000
Amortisation
At 1 November 2014	4,000
Charge for the year	8,000
On disposals	-
At 31 October 2015	12,000
Net book values
At 31 October 2015	68,000
At 31 October 2014	76,000

3Tangible fixed assets

	£
Cost
At 1 November 2014	171
Additions	1,600
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	1,771
Depreciation
At 1 November 2014	29
Charge for the year	256
On disposals	-
At 31 October 2015	285
Net book values
At 31 October 2015	1,486
At 31 October 2014	142