Shark Optical Limited - Accounts to registrar (filleted) - small 18.1

Shark Optical Limited - Accounts to registrar (filleted) - small 18.1

SHARK OPTICAL LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v18.1.1.51 06681873 director 1.4.17 31.3.18 31.3.18 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure066818732017-03-31066818732018-03-31066818732017-04-012018-03-31066818732016-03-31066818732016-04-012017-03-31066818732017-03-3106681873ns15:EnglandWales2017-04-012018-03-3106681873ns14:PoundSterling2017-04-012018-03-3106681873ns10:Director12017-04-012018-03-3106681873ns10:PrivateLimitedCompanyLtd2017-04-012018-03-3106681873ns10:SmallEntities2017-04-012018-03-3106681873ns10:AuditExempt-NoAccountantsReport2017-04-012018-03-3106681873ns10:SmallCompaniesRegimeForDirectorsReport2017-04-012018-03-3106681873ns10:SmallCompaniesRegimeForAccounts2017-04-012018-03-3106681873ns10:FullAccounts2017-04-012018-03-3106681873ns10:OrdinaryShareClass12017-04-012018-03-3106681873ns10:RegisteredOffice2017-04-012018-03-3106681873ns5:CurrentFinancialInstruments2018-03-3106681873ns5:CurrentFinancialInstruments2017-03-3106681873ns5:ShareCapital2018-03-3106681873ns5:ShareCapital2017-03-3106681873ns5:RetainedEarningsAccumulatedLosses2018-03-3106681873ns5:RetainedEarningsAccumulatedLosses2017-03-3106681873ns5:PlantMachinery2017-04-012018-03-3106681873ns5:ComputerEquipment2017-04-012018-03-3106681873ns5:PlantMachinery2017-03-3106681873ns5:ComputerEquipment2017-03-3106681873ns5:PlantMachinery2018-03-3106681873ns5:ComputerEquipment2018-03-3106681873ns5:PlantMachinery2017-03-3106681873ns5:ComputerEquipment2017-03-3106681873ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-03-3106681873ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-3106681873ns10:OrdinaryShareClass12018-03-3106681873ns5:RetainedEarningsAccumulatedLosses2017-03-3106681873ns5:RetainedEarningsAccumulatedLosses2017-04-012018-03-31


REGISTERED NUMBER: 06681873 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

SHARK OPTICAL LIMITED

SHARK OPTICAL LIMITED (REGISTERED NUMBER: 06681873)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SHARK OPTICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTOR: Mr S S Sehmi





REGISTERED OFFICE: 14 Greenfield Drive
Bromley
Kent
BR1 3BH





REGISTERED NUMBER: 06681873 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL
1
SHARK OPTICAL LIMITED (REGISTERED NUMBER: 06681873)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,878 1,635

CURRENT ASSETS
Debtors 5 5,004 3,871
Cash at bank 5,736 10,955
10,740 14,826
CREDITORS
Amounts falling due within one year 6 10,335 16,322
NET CURRENT ASSETS/(LIABILITIES) 405 (1,496 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,283
139

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 2,183 39
SHAREHOLDERS' FUNDS 2,283 139

The notes form part of these financial statements

2
SHARK OPTICAL LIMITED (REGISTERED NUMBER: 06681873)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2018


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 6 June 2018 and were signed by:





Mr S S Sehmi - Director


The notes form part of these financial statements

3
SHARK OPTICAL LIMITED (REGISTERED NUMBER: 06681873)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1. STATUTORY INFORMATION

Shark Optical Limited 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.

Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade
discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & Machinery - 25% on reducing balance
Computer Equipment - 25% on reducing balance

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 1 (2017 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant & Computer
Machinery Equipment Totals
£    £    £   
COST
At 1 April 2017 2,210 3,270 5,480
Additions - 869 869
At 31 March 2018 2,210 4,139 6,349
DEPRECIATION
At 1 April 2017 1,502 2,343 3,845
Charge for year 177 449 626
At 31 March 2018 1,679 2,792 4,471
NET BOOK VALUE
At 31 March 2018 531 1,347 1,878
At 31 March 2017 708 927 1,635

4
SHARK OPTICAL LIMITED (REGISTERED NUMBER: 06681873)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade Debtors 4,550 3,425
Other Debtors & Prepayments 454 446
5,004 3,871

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Corporation Tax 7,445 7,792
Director's Loan Account 1,033 6,790
Other Creditors & Accruals 1,857 1,740
10,335 16,322

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 April 2017 39
Profit for the year 31,744
Dividends (29,600 )
At 31 March 2018 2,183

5