Abbreviated Company Accounts - KINGSLEY OPTICIANS LIMITED

KINGSLEY OPTICIANS LIMITED - Company Information

02569261 KINGSLEY OPTICIANS LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 02569261 2015-01-01 2015-12-31 02569261 2015-12-31 02569261 2014-12-31 02569261 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 02569261 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 02569261

KINGSLEY OPTICIANS LIMITED

Abbreviated Accounts

31 December 2015

KINGSLEY OPTICIANS LIMITED Registered Number 02569261

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	17,376	20,443
		17,376	20,443
Current assets
Stocks		29,236	30,528
Debtors		12,478	14,408
Cash at bank and in hand		72,708	57,069
		114,422	102,005
Creditors: amounts falling due within one year		(22,713)	(23,307)
Net current assets (liabilities)		91,709	78,698
Total assets less current liabilities		109,085	99,141
Total net assets (liabilities)		109,085	99,141
Capital and reserves
Called up share capital	3	70,000	70,000
Other reserves		110,000	110,000
Profit and loss account		(70,915)	(80,859)
Shareholders' funds		109,085	99,141

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 27 September 2016

And signed on their behalf by:
Tanveer Qayyum, Director

KINGSLEY OPTICIANS LIMITED Registered Number 02569261

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 value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their useful lives.

Goodwill 5% Straight Line
Equipment, Fixtures & Fittings 15% Reducing Balance

2Tangible fixed assets

	£
Cost
At 1 January 2015	249,655
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	249,655
Depreciation
At 1 January 2015	229,212
Charge for the year	3,067
On disposals	-
At 31 December 2015	232,279
Net book values
At 31 December 2015	17,376
At 31 December 2014	20,443

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
70,000 Ordinary shares of £1 each	70,000	70,000