Abbreviated Company Accounts - MN OPTICAL LTD

09588211 MN OPTICAL LTD 2016-05-31 false 2015-05-13 2016-05-31 true 09588211 2015-05-13 2016-05-31 09588211 2016-05-31 09588211 uk-gaap-cd-bus:Director1 2015-05-13 2016-05-31 09588211 uk-gaap-cd-bus:Director2 2015-05-13 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-13 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 iso4217:GBP shares

Registered Number 09588211

MN OPTICAL LTD

Abbreviated Accounts

31 May 2016

MN OPTICAL LTD Registered Number 09588211

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016
		£
Fixed assets
Tangible assets	2	1,350
		1,350
Current assets
Debtors		500
Cash at bank and in hand		23,864
		24,364
Creditors: amounts falling due within one year		(13,652)
Net current assets (liabilities)		10,712
Total assets less current liabilities		12,062
Total net assets (liabilities)		12,062
Capital and reserves
Called up share capital	3	100
Profit and loss account		11,962
Shareholders' funds		12,062

For the year ending 31 May 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 10 February 2017

And signed on their behalf by:
Meryeam Nawaz, Director

MN OPTICAL LTD Registered Number 09588211

Notes to the Abbreviated Accounts for the period ended 31 May 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Equipment - 20% straight line

Other accounting policies
Deferred taxation

Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

Foreign currencies

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

2Tangible fixed assets

	£
Cost
Additions	1,800
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	1,800
Depreciation
Charge for the year	450
On disposals	-
At 31 May 2016	450
Net book values
At 31 May 2016	1,350

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

	2016 £
100 Ordinary shares of £1 each	100