EYEWEAR_BRANDS_LIMITED_(F - Accounts

EYEWEAR BRANDS LIMITED - Company Information

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Company Registration No. 05959453 (England and Wales)

EYEWEAR BRANDS LIMITED (FORMERLY VISION DIRECT LIMITED)

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2014

EYEWEAR BRANDS LIMITED (FORMERLY VISION DIRECT LIMITED)

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

EYEWEAR BRANDS LIMITED (FORMERLY VISION DIRECT LIMITED)

ABBREVIATED BALANCE SHEET

AS AT

31 JANUARY 2014

- 1 -

2014

2013

Notes

Fixed assets

Intangible assets

63,000

Tangible assets

95,466

107,697

158,466

107,697

Current assets

Stocks

469,025

383,278

Debtors

12,976

12,613

Cash at bank and in hand

17,686

3,085

499,687

398,976

Creditors: amounts falling due within one year

(482,751)

(351,599)

Net current assets

16,936

47,377

Total assets less current liabilities

175,402

155,074

Provisions for liabilities

(26,838)

(15,744)

148,564

139,330

Capital and reserves

Called up share capital

100

Profit and loss account

148,464

139,230

Shareholders' funds

148,564

139,330

EYEWEAR BRANDS LIMITED (FORMERLY VISION DIRECT LIMITED)

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 JANUARY 2014

- 2 -

For the financial year ended 31 January 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 12 August 2014

M Hurst

M Barclay

Director

Company Registration No. 05959453

EYEWEAR BRANDS LIMITED (FORMERLY VISION DIRECT LIMITED)

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2014

- 3 -

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

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

Website Costs

Website costs are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

1.5

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:

Land and buildings Leasehold

10% straight line

Plant and machinery

15% reducing balance

Fixtures, fittings & equipment

15% reducing balance

1.6

Stock

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

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.

EYEWEAR BRANDS LIMITED (FORMERLY VISION DIRECT LIMITED)

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2014

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 February 2013

165,292

Additions

63,000

4,900

67,900

At 31 January 2014

63,000

170,192

233,192

Depreciation

At 1 February 2013

57,595

Charge for the year

17,131

At 31 January 2014

74,726

Net book value

At 31 January 2014

63,000

95,466

158,466

At 31 January 2013

107,697

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary of £1 each

100