Abbreviated Company Accounts - PCS OPTICAL LIMITED

Abbreviated Company Accounts - PCS OPTICAL LIMITED

PCS OPTICAL LIMITED - Company Information

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Registered Number 05658072

PCS OPTICAL LIMITED

Abbreviated Accounts

31 December 2015

PCS OPTICAL LIMITED Registered Number 05658072

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 56,946 35,805
56,946 35,805
Current assets
Stocks 15,000 15,000
Debtors 3 1,459 1,636
Cash at bank and in hand 135,557 84,051
152,016 100,687
Creditors: amounts falling due within one year 4 (76,655) (62,016)
Net current assets (liabilities) 75,361 38,671
Total assets less current liabilities 132,307 74,476
Total net assets (liabilities) 132,307 74,476
Capital and reserves
Called up share capital 100 100
Profit and loss account 132,207 74,376
Shareholders' funds 132,307 74,476
  • For the year ending 31 December 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 8 September 2016

And signed on their behalf by:
Mr P Patel, Director

PCS OPTICAL LIMITED Registered Number 05658072

Notes to the Abbreviated Accounts for the period ended 31 December 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 January 2015

Turnover policy
Turnover represents the total invoice value excluding value added tax of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

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:-
Fixtures,fittings - 15% reducing balance basis
and equipment

Valuation information and policy
Stock
Stock is valued at lower of cost and net realisable value.

2Tangible fixed assets
£
Cost
At 1 January 2015 62,463
Additions 31,190
Disposals -
Revaluations -
Transfers -
At 31 December 2015 93,653
Depreciation
At 1 January 2015 26,658
Charge for the year 10,049
On disposals -
At 31 December 2015 36,707
Net book values
At 31 December 2015 56,946
At 31 December 2014 35,805
3Debtors
2015
£		 2014
£
Debtors include the following amounts due after more than one year 1,459 1,636
4Creditors
2015
£		 2014
£
Secured Debts 76,655 62,016