Opticmarket Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03216110 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

FOR

OPTICMARKET LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs K Frank

SECRETARY:

D Higginbottom

REGISTERED OFFICE:

8 Brookfield Avenue

Poynton

Cheshire

SK12 1HZ

REGISTERED NUMBER:

03216110 (England and Wales)

ACCOUNTANTS:

Moss & Williamson Limited

Chartered Accountants

3 Mellor Road

Cheadle Hulme

Cheadle

Cheshire

SK8 5AT

FIXED ASSETS

Intangible assets

2

1,600

2,200

Tangible assets

3

1,572

955

3,172

3,155

CURRENT ASSETS

Stocks

7,767

7,079

Debtors

2,762

1,561

Cash at bank and in hand

10,998

21,090

21,527

29,730

CREDITORS

Amounts falling due within one year

(7,428

)

(9,542

)

NET CURRENT ASSETS

14,099

20,188

TOTAL ASSETS LESS CURRENT LIABILITIES

17,271

23,343

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

17,269

23,341

SHAREHOLDERS' FUNDS

17,271

23,343

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 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 director on 5 November 2014 and were signed by:

Mrs K Frank - 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 April 2008).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1997, is being amortised evenly over its estimated useful life of twenty years.

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

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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 the profit and loss account on a straight line basis

over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

12,000

AMORTISATION

At 1 May 2013

9,800

Amortisation for year

600

At 30 April 2014

10,400

NET BOOK VALUE

At 30 April 2014

1,600

At 30 April 2013

2,200

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

5,549

Additions

1,284

At 30 April 2014

6,833

DEPRECIATION

At 1 May 2013

4,594

Charge for year

667

At 30 April 2014

5,261

NET BOOK VALUE

At 30 April 2014

1,572

At 30 April 2013

955

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2