Abbreviated Company Accounts - SHEPSHED OPTICS LTD

SHEPSHED OPTICS LTD - Company Information

05715312 SHEPSHED OPTICS LTD 2016-02-28 false 2015-03-01 2016-02-28 true 05715312 2015-03-01 2016-02-28 05715312 2016-02-28 05715312 2015-02-28 05715312 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-28 05715312 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 05715312

SHEPSHED OPTICS LTD

Abbreviated Accounts

28 February 2016

SHEPSHED OPTICS LTD Registered Number 05715312

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	56,033	54,405
		56,033	54,405
Current assets
Stocks		5,450	13,580
Debtors		133,889	135,410
Cash at bank and in hand		93,363	114,804
		232,702	263,794
Creditors: amounts falling due within one year		(72,248)	(62,468)
Net current assets (liabilities)		160,454	201,326
Total assets less current liabilities		216,487	255,731
Total net assets (liabilities)		216,487	255,731
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		216,485	255,729
Shareholders' funds		216,487	255,731

For the year ending 28 February 2016 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 24 October 2016

And signed on their behalf by:
C P Austen, Director

SHEPSHED OPTICS LTD Registered Number 05715312

Notes to the Abbreviated Accounts for the period ended 28 February 2016

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 net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 15% on
cost

Valuation information and policy
Work in progress is valued at the lower of cost and net realisable value.
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 March 2015	136,087
Additions	14,745
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	150,832
Depreciation
At 1 March 2015	81,682
Charge for the year	13,117
On disposals	-
At 28 February 2016	94,799
Net book values
At 28 February 2016	56,033
At 28 February 2015	54,405

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

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2