Abbreviated Company Accounts - OPTICARE MIDLANDS LIMITED

OPTICARE MIDLANDS LIMITED - Company Information

02310647 OPTICARE MIDLANDS LIMITED 2016-04-30 false 2015-05-01 2016-04-30 true 02310647 2015-05-01 2016-04-30 02310647 2016-04-30 02310647 2015-04-30 02310647 uk-gaap-cd-bus:Director1 2015-05-01 2016-04-30 02310647 uk-gaap-cd-bus:Director2 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass2 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass2 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass2 2015-04-30 iso4217:GBP shares

Registered Number 02310647

OPTICARE MIDLANDS LIMITED

Abbreviated Accounts

30 April 2016

OPTICARE MIDLANDS LIMITED Registered Number 02310647

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	32,608	54,842
		32,608	54,842
Current assets
Stocks		41,656	34,912
Debtors		33,612	31,827
Cash at bank and in hand		55,739	44,935
		131,007	111,674
Creditors: amounts falling due within one year		(158,669)	(175,219)
Net current assets (liabilities)		(27,662)	(63,545)
Total assets less current liabilities		4,946	(8,703)
Creditors: amounts falling due after more than one year		(13,290)	(20,476)
Provisions for liabilities		(3,065)	(6,685)
Total net assets (liabilities)		(11,409)	(35,864)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(11,509)	(35,964)
Shareholders' funds		(11,409)	(35,864)

For the year ending 30 April 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 January 2017

And signed on their behalf by:
Mr P Patel, Director

OPTICARE MIDLANDS LIMITED Registered Number 02310647

Notes to the Abbreviated Accounts for the period ended 30 April 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.

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

Tangible assets depreciation policy
Leasehold properties - 20% straight line basis
Fixtures, fittings and equipment - 20% straight line basis

2Tangible fixed assets

	£
Cost
At 1 May 2015	565,408
Additions	6,659
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	572,067
Depreciation
At 1 May 2015	510,566
Charge for the year	28,893
On disposals	-
At 30 April 2016	539,459
Net book values
At 30 April 2016	32,608
At 30 April 2015	54,842

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

	2016 £	2015 £
100 A Ordinary shares of £0.50 each	50	50
100 B Ordinary shares of £0.50 each	50	50