Laser Optical Inspection Systems Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06423271 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2016

for

LASER OPTICAL INSPECTION SYSTEMS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J F S Jamieson

Dr. J Tyrer

SECRETARY:

J F S Jamieson

REGISTERED OFFICE:

Moreton House

31 High Street

Buckingham

Buckinghamshire

MK18 1NU

REGISTERED NUMBER:

06423271 (England and Wales)

ACCOUNTANTS:

ANTHISTLE CRAVEN

Moreton House

31 High Street

Buckingham

Buckinghamshire

MK18 1NU

FIXED ASSETS

Tangible assets

2

10,386

12,894

CURRENT ASSETS

Debtors

53,220

53,891

Cash at bank and in hand

11,851

1,963

65,071

55,854

CREDITORS

Amounts falling due within one year

8,426

6,790

NET CURRENT ASSETS

56,645

49,064

TOTAL ASSETS LESS CURRENT LIABILITIES

67,031

61,958

PROVISIONS FOR LIABILITIES

2,077

2,579

NET ASSETS

64,954

59,379

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

64,854

59,279

SHAREHOLDERS' FUNDS

64,954

59,379

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20 April 2017 and were signed on its behalf by:

J F S Jamieson - Director

Dr. J Tyrer - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Computer equipment

-

15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

and 30 November 2016

29,216

DEPRECIATION

At 1 December 2015

16,322

Charge for year

2,508

At 30 November 2016

18,830

NET BOOK VALUE

At 30 November 2016

10,386

At 30 November 2015

12,894

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

£

100

Share capital 1

£1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES