Gomez Optical Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06632422 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th June 2017

for

Gomez Optical Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

Ms D J Griffiths

Secretary:

E Gomez-Alzate

Registered office:

Anova House

Wickhurst Lane

Broadbridge Heath

Horsham

West Sussex

RH12 3LZ

Registered number:

06632422 (England and Wales)

Accountants:

Anova

Chartered Accountants

Anova House

Wickhurst Lane

Broadbridge Heath

Horsham

West Sussex

RH12 3LZ

Fixed assets

Tangible assets

4

42,591

45,391

Current assets

Stocks

5

33,000

30,633

Debtors

6

72,325

66,569

Cash in hand

488

424

105,813

97,626

Creditors

Amounts falling due within one year

7

120,369

95,780

Net current (liabilities)/assets

(14,556

)

1,846

Total assets less current liabilities

28,035

47,237

Creditors

Amounts falling due after more than one year

8

27,983

45,993

Net assets

52

1,244

Capital and reserves

Called up share capital

2

2

Retained earnings

9

50

1,242

Shareholders' funds

52

1,244

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 4th October 2017 and were signed by:

Ms D J Griffiths - Director

1.	Statutory information

Gomez Optical Ltd is a private company, limited by shares , registered in England and Wales. 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.

The accounts have been prepared on a going concern basis which assumes the continued support of the

company's bankers.

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 reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 7 .

4.	Tangible fixed assets

Fixtures

Long

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

Cost

At 1st July 2016

9,072

13,546

102,302

1,303

126,223

Additions

-

595

-

3,376

3,971

At 30th June 2017

9,072

14,141

102,302

4,679

130,194

Depreciation

At 1st July 2016

-

9,409

70,734

689

80,832

Charge for year

-

658

4,735

1,378

6,771

At 30th June 2017

-

10,067

75,469

2,067

87,603

Net book value

At 30th June 2017

9,072

4,074

26,833

2,612

42,591

At 30th June 2016

9,072

4,137

31,568

614

45,391

5.

Stocks

2017

2016

£

£

Stocks

33,000

30,633

6.

Debtors: amounts falling due within one year

2017

2016

£

£

Trade debtors

12,935

11,929

Other debtors

2

-

Directors' current accounts

40,168

33,759

Tax

10,523

11,463

Prepayments

8,697

9,418

72,325

66,569

7.

Creditors: amounts falling due within one year

2017

2016

£

£

Bank loans and overdrafts

34,674

32,793

Trade creditors

44,580

33,794

Tax

23,619

12,918

Social security and other taxes

6,216

6,712

VAT

2,602

2,814

Other creditors

3,536

4,769

Accrued expenses

5,142

1,980

120,369

95,780

8.

Creditors: amounts falling due after more than one year

2017

2016

£

£

Bank loans - 2-5 years

27,983

45,993

9.

Reserves

Retained

earnings

£

At 1st July 2016

1,242

Profit for the year

46,308

Dividends

(47,500

)

At 30th June 2017

50

10.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30th June 2017 and

30th June 2016:

2017

2016

£

£

Ms D J Griffiths

Balance outstanding at start of year

33,759

45,852

Amounts advanced

53,909

-

Amounts repaid

(47,500

)

(12,093

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

40,168

33,759