Antony Austin Optometrists Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03538671 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

FOR

ANTONY AUSTIN OPTOMETRISTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr P Austin

SECRETARY:

Mr A J Schneider

REGISTERED OFFICE:

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

REGISTERED NUMBER:

03538671 (England and Wales)

ACCOUNTANTS:

Raffingers

Chartered Certified Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Tangible assets

2

15,608

6,067

CURRENT ASSETS

Stocks

32,999

39,195

Debtors

43,651

51,573

Cash at bank

16,295

23,659

92,945

114,427

CREDITORS

Amounts falling due within one year

3

23,601

29,501

NET CURRENT ASSETS

69,344

84,926

TOTAL ASSETS LESS CURRENT
LIABILITIES

84,952

90,993

CREDITORS

Amounts falling due after more than one
year

3

10,208

-

NET ASSETS

74,744

90,993

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

74,644

90,893

SHAREHOLDERS' FUNDS

74,744

90,993

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 28 September 2016 and were signed by:

Mr P Austin - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pensions

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from

those of the company in an independently administered fund. Contributions payable for the year are charged in

the profit and loss account.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

65,274

Additions

14,000

At 30 April 2016

79,274

DEPRECIATION

At 1 May 2015

59,207

Charge for year

4,459

At 30 April 2016

63,666

NET BOOK VALUE

At 30 April 2016

15,608

At 30 April 2015

6,067

3.

CREDITORS

Creditors include an amount of £ 13,708 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100