Abbreviated Company Accounts - OPTICHROME COMPUTER SYSTEMS LIMITED

Abbreviated Company Accounts - OPTICHROME COMPUTER SYSTEMS LIMITED

OPTICHROME COMPUTER SYSTEMS LIMITED - Company Information

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Registered Number 01608093

OPTICHROME COMPUTER SYSTEMS LIMITED

Abbreviated Accounts

30 April 2016

OPTICHROME COMPUTER SYSTEMS LIMITED Registered Number 01608093

Abbreviated Balance Sheet as at 30 April 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets 2 5,238 3,961
Investments - -
5,238 3,961
Current assets
Stocks - -
Debtors 3 1,396,688 1,380,117
Investments - -
Cash at bank and in hand 17,672 9,913
1,414,360 1,390,030
Creditors: amounts falling due within one year (621,697) (632,625)
Net current assets (liabilities) 792,663 757,405
Total assets less current liabilities 797,901 761,366
Total net assets (liabilities) 797,901 761,366
Capital and reserves
Called up share capital 500 500
Profit and loss account 797,401 760,866
Shareholders' funds 797,901 761,366
  • 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:
Nicola Bisset, Director

OPTICHROME COMPUTER SYSTEMS LIMITED Registered Number 01608093

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared on the historical cost basis of accounting and have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015)

Turnover policy
The turnover and profit before taxation is attributable to the one principal activity of the company. Turnover attributable to geographical markets outside the United Kingdom amounted to 1.10% (2015 - 0.21%)

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rates in use are: Equipment, Fixtures & Fittings 15 - 25%: Plant & Machinery 20 - 33.33%

2Tangible fixed assets
£
Cost
At 1 May 2015 167,670
Additions 4,253
Disposals (333)
Revaluations -
Transfers -
At 30 April 2016 171,590
Depreciation
At 1 May 2015 163,709
Charge for the year 2,958
On disposals (315)
At 30 April 2016 166,352
Net book values
At 30 April 2016 5,238
At 30 April 2015 3,961
3Debtors
2016
£		 2015
£
Debtors include the following amounts due after more than one year 1,396,688 1,380,117