Abbreviated Company Accounts - OPTICS HOUSE LIMITED

Abbreviated Company Accounts - OPTICS HOUSE LIMITED

OPTICS HOUSE LIMITED - Company Information

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Registered Number 02009726

OPTICS HOUSE LIMITED

Abbreviated Accounts

31 March 2016

OPTICS HOUSE LIMITED Registered Number 02009726

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Investments 2 1 1
1 1
Current assets
Debtors 20,226 13,155
Cash at bank and in hand 9,718 6,992
29,944 20,147
Prepayments and accrued income - -
Creditors: amounts falling due within one year (20,179) (25,936)
Net current assets (liabilities) 9,765 (5,789)
Total assets less current liabilities 9,766 (5,788)
Creditors: amounts falling due after more than one year (117,347) (119,347)
Total net assets (liabilities) (107,581) (125,135)
Capital and reserves
Called up share capital 100 100
Profit and loss account (107,681) (125,235)
Shareholders' funds (107,581) (125,135)
  • For the year ending 31 March 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 21 December 2016

And signed on their behalf by:
M J Lloyd, Director

OPTICS HOUSE LIMITED Registered Number 02009726

Notes to the Abbreviated Accounts for the period ended 31 March 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 January 2015.
The Directors have prepared projected cash flow information for the period ending 9 months from the date of their approval of these financial statements. On the basis of this cash flow information and after discussions regarding the repayment of the long term loans, the Directors consider the company will continue to operate without any cashflow difficulties in the short or long term. On this basis the Directors consider it appropriate to prepare the financial statements on a going concern basis.

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

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Other accounting policies
Pensions
The company operates a defined contribution scheme for the benefit of its employees.
Contributions payable are charged to the Profit and Loss account in the year they are payable.

2Fixed assets Investments
Fixed Asset Investments are stated at cost less provision for diminution in value.