J M LLEWELLYN (OPTICAL) LIMITED

J M LLEWELLYN (OPTICAL) LIMITED

J M LLEWELLYN (OPTICAL) LIMITED - Company Information

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J M LLEWELLYN (OPTICAL) LIMITED

Company Registration Number:
03105822 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2017

Period of accounts

Start date: 01 April 2016

End date: 31 March 2017

J M LLEWELLYN (OPTICAL) LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2017

Balance sheet
Notes

J M LLEWELLYN (OPTICAL) LIMITED

Balance sheet

As at 31 March 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 755,277 775,109
Total fixed assets: 755,277 775,109
Current assets
Stocks: 17,450 18,450
Debtors:   24,370 30,592
Cash at bank and in hand: 187,575 100,717
Total current assets: 229,395 149,759
Creditors: amounts falling due within one year:   (94,651) (96,013)
Net current assets (liabilities): 134,744 53,746
Total assets less current liabilities: 890,021 828,855
Total net assets (liabilities): 890,021 828,855
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 889,021 827,855
Shareholders funds: 890,021 828,855

The notes form part of these financial statements

J M LLEWELLYN (OPTICAL) LIMITED

Balance sheet statements

For the year ending 31 March 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 30 June 2017
and signed on behalf of the board by:

Name: Joan M Llewellyn
Status: Director

The notes form part of these financial statements

J M LLEWELLYN (OPTICAL) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The company's turnover and profit on ordinary activities before taxation were derived from its principal activity wholly undertaken in the United Kingdom.The company's principal activity was the retail sale of spectacles, contact lenses, accessories and services provided.Turnover is net of Value Added Tax.

Tangible fixed assets and depreciation policy

Fixed assets are stated at historic cost.Depreciation is provided on all tangible fixed assets other than freehold land at rates calculated to write each asset down to its residual value over its expected useful life, as follows:Freehold land & buildings - 2% straight lineFixtures, fittings and equipment - 25% reducing balanceMotor Vehicles - 25% reducing balance

J M LLEWELLYN (OPTICAL) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

2. Employees

2017 2016
Average number of employees during the period 5 5

J M LLEWELLYN (OPTICAL) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017


3. Tangible Assets

Total
Cost £
At 01 April 2016 1,142,848
Additions 6,860
At 31 March 2017 1,149,708
Depreciation
At 01 April 2016 367,739
Charge for year 26,692
At 31 March 2017 394,431
Net book value
At 31 March 2017 755,277
At 31 March 2016 775,109