Optik Leisure Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 04512358

Optik Leisure Ltd

Financial Statements

For The Year Ended 31 December 2016

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

N J Perrin

A J Hancox

REGISTERED OFFICE:

The Greenhouse

106-108 Ashbourne Road

Derby

DE22 3AG

REGISTERED NUMBER:

04512358

FIXED ASSETS

Tangible assets

4

10,953

15,109

CURRENT ASSETS

Debtors

5

152,010

164,918

Cash at bank and in hand

148,955

145,156

300,965

310,074

CREDITORS

Amounts falling due within one year

6

213,455

233,746

NET CURRENT ASSETS

87,510

76,328

TOTAL ASSETS LESS CURRENT LIABILITIES

98,463

91,437

PROVISIONS FOR LIABILITIES

1,117

1,924

NET ASSETS

97,346

89,513

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

97,246

89,413

SHAREHOLDERS' FUNDS

97,346

89,513

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 6 June 2017 and were signed on its behalf by:

N J Perrin - Director

1.	STATUTORY INFORMATION

Optik Leisure Ltd is a private company, limited by shares , registered in Not specified/Other. The

company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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

-

15% on cost

Motor vehicles

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Deferred tax

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

the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2016

39,430

25,605

65,035

Additions

3,557

-

3,557

At 31 December 2016

42,987

25,605

68,592

DEPRECIATION

At 1 January 2016

29,442

20,484

49,926

Charge for year

2,592

5,121

7,713

At 31 December 2016

32,034

25,605

57,639

NET BOOK VALUE

At 31 December 2016

10,953

-

10,953

At 31 December 2015

9,988

5,121

15,109

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

(24,114

)

1,046

Other debtors

176,124

163,872

152,010

164,918

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

182,299

196,100

Taxation and social security

24,722

19,853

Other creditors

6,434

17,793

213,455

233,746

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2016

and 31 December 2015:

2016

2015

£

£

N J Perrin

Balance outstanding at start of year

(5,745

)

(29,607

)

Amounts advanced

47,155

52,862

Amounts repaid

(42,000

)

(29,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(590

)

(5,745

)

A J Hancox

Balance outstanding at start of year

(5,745

)

(29,607

)

Amounts advanced

47,155

52,862

Amounts repaid

(42,000

)

(29,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(590

)

(5,745

)

The above is interest free and repayable in demand.

8.	RELATED PARTY DISCLOSURES

Other debtors includes an interest free loan, repayable on demand, of £153,060 (2015: £134,860).

This amount is due from Optik Properties Limited. Optik Leisure Limited and Optik Properties Limited

share the same directors and shareholders.

9.	ULTIMATE CONTROLLING PARTY

The company has no ultimate controlling party.