Abbreviated Company Accounts - OBJECTIVE IMAGING LIMITED

OBJECTIVE IMAGING LIMITED - Company Information

03961332 OBJECTIVE IMAGING LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 03961332 2013-04-01 2014-03-31 03961332 2014-03-31 03961332 2013-03-31 03961332 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 03961332 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 03961332

OBJECTIVE IMAGING LIMITED

Abbreviated Accounts

31 March 2014

OBJECTIVE IMAGING LIMITED Registered Number 03961332

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	337,593	342,492
		337,593	342,492
Current assets
Stocks		263,134	221,925
Debtors	3	167,804	156,345
Cash at bank and in hand		49,203	72,453
		480,141	450,723
Prepayments and accrued income		660	660
Creditors: amounts falling due within one year	4	(231,929)	(220,319)
Net current assets (liabilities)		248,872	231,064
Total assets less current liabilities		586,465	573,556
Creditors: amounts falling due after more than one year	4	(221,075)	(163,058)
Total net assets (liabilities)		365,390	410,498
Capital and reserves
Called up share capital	5	31,250	31,250
Share premium account		73,750	73,750
Profit and loss account		260,390	305,498
Shareholders' funds		365,390	410,498

For the year ending 31 March 2014 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 December 2014

And signed on their behalf by:
M Bowe, Director

OBJECTIVE IMAGING LIMITED Registered Number 03961332

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Land and buildings 2% per annum straight line
Fixtures, fittings and equipment 20% per annum straight line

Other accounting policies
Stocks
Stock is valued at the lower of cost and net realisable value.

Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 April 2013	443,733
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	443,733
Depreciation
At 1 April 2013	101,241
Charge for the year	4,899
On disposals	-
At 31 March 2014	106,140
Net book values
At 31 March 2014	337,593
At 31 March 2013	342,492

Land and buildings includes £180,789 as the directors estimate of the cost of land. In accordance
with the Financial Reporting Standard for Smaller Entities (effective April 2008), land is not
depreciated.

3Debtors

	2014 £	2013 £
Debtors include the following amounts due after more than one year	1,980	1,980

4Creditors

	2014 £	2013 £
Secured Debts	210,000	156,295
Instalment debts due after 5 years	111,869	-

5Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
31,250 Ordinary shares of £1 each	31,250	31,250