RAD OPTICAL LIMITED

RAD OPTICAL LIMITED

RAD OPTICAL LIMITED - Company Information

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RAD OPTICAL LIMITED

Company Registration Number:
08021165 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2017

Period of accounts

Start date: 01 May 2016

End date: 30 April 2017

RAD OPTICAL LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2017

Balance sheet
Notes

RAD OPTICAL LIMITED

Balance sheet

As at 30 April 2017


Notes
2017
2016


£
£
Fixed assets
Intangible assets: 3 0 2,000
Tangible assets: 4 154 739
Total fixed assets: 154 2,739
Current assets
Debtors:   2,000 5,400
Cash at bank and in hand: 8,381 6,153
Total current assets: 10,381 11,553
Creditors: amounts falling due within one year:   (8,955) (14,192)
Net current assets (liabilities): 1,426 (2,639)
Total assets less current liabilities: 1,580 100
Total net assets (liabilities): 1,580 100
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 1,579 99
Shareholders funds: 1,580 100

The notes form part of these financial statements

RAD OPTICAL LIMITED

Balance sheet statements

For the year ending 30 April 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 January 2018
and signed on behalf of the board by:

Name: R Dattani
Status: Director

The notes form part of these financial statements

RAD OPTICAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 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

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assetsTangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.DepreciationDepreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Equipment - 25% straight line

Intangible fixed assets and amortisation policy

AmortisationAmortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:Goodwill - 20% straight lineIf there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Other accounting policies

Director's advances, credits and guaranteesDuring the year the director entered into the following advances and credits with the company:2017Mrs R DattaniBalance brought forward (6,449)Advances/ (credits) to the director 33,146Amounts repaid (26,784)Balance outstanding (87)2016Mrs R DattaniBalance brought forward (17,020)Advances/ (credits) to the director 52,325Amounts repaid (41,754)Balance outstanding (6,449)

RAD OPTICAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2017

2. Employees

2017 2016
Average number of employees during the period 1 1

RAD OPTICAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2017

3. Intangible Assets

Total
Cost £
At 01 May 2016 10,000
At 30 April 2017 10,000
Amortisation
At 01 May 2016 8,000
Charge for year 2,000
At 30 April 2017 10,000
Net book value
At 30 April 2017 0
At 30 April 2016 2,000

RAD OPTICAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2017


4. Tangible Assets

Total
Cost £
At 01 May 2016 2,340
At 30 April 2017 2,340
Depreciation
At 01 May 2016 1,601
Charge for year 585
At 30 April 2017 2,186
Net book value
At 30 April 2017 154
At 30 April 2016 739