Abbreviated Company Accounts - ORBITAL EYEWEAR LIMITED

ORBITAL EYEWEAR LIMITED - Company Information

04937911 ORBITAL EYEWEAR LIMITED 2014-03-31 false 2013-06-01 2014-03-31 true 04937911 2013-06-01 2014-03-31 04937911 2014-03-31 04937911 2013-05-31 04937911 uk-gaap-cd-bus:Director1 2013-06-01 2014-03-31 04937911 uk-gaap-cd-bus:Director2 2013-06-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 04937911

ORBITAL EYEWEAR LIMITED

Abbreviated Accounts

31 March 2014

ORBITAL EYEWEAR LIMITED Registered Number 04937911

Abbreviated Balance Sheet as at 31 March 2014

	Notes	31/03/2014	31/05/2013
		£	£
Fixed assets
Tangible assets	2	1,307	1,494
		1,307	1,494
Current assets
Debtors		12,791	4,638
Cash at bank and in hand		90	3,883
		12,881	8,521
Creditors: amounts falling due within one year		(12,927)	(8,405)
Net current assets (liabilities)		(46)	116
Total assets less current liabilities		1,261	1,610
Total net assets (liabilities)		1,261	1,610
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		1,260	1,609
Shareholders' funds		1,261	1,610

For the year ending 31 March 2014 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 13 September 2014

And signed on their behalf by:
Dr E S MacMillan, Director

ORBITAL EYEWEAR LIMITED Registered Number 04937911

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the costs less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 15% reducing Balance

Other accounting policies
Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Comparative figures
The comparative figures contained within these financial statements are for the year ended 31 May 2013.

2Tangible fixed assets

	£
Cost
At 1 June 2013	2,789
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	2,789
Depreciation
At 1 June 2013	1,295
Charge for the year	187
On disposals	-
At 31 March 2014	1,482
Net book values
At 31 March 2014	1,307
At 31 May 2013	1,494

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

	31/03/2014 £	31/05/2013 £
1 Ordinary shares of £1 each	1	1