Abbreviated Company Accounts - OPTICS HOUSE LIMITED

Abbreviated Company Accounts - OPTICS HOUSE LIMITED

OPTICS HOUSE LIMITED - Company Information

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Registered Number 02009726

OPTICS HOUSE LIMITED

Abbreviated Accounts

31 March 2014

OPTICS HOUSE LIMITED Registered Number 02009726

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 - 16,479
Investments 3 1 -
1 16,479
Current assets
Stocks 970 27,020
Debtors 54,189 19,115
Cash at bank and in hand 7,914 41,423
63,073 87,558
Creditors: amounts falling due within one year (48,008) (59,229)
Net current assets (liabilities) 15,065 28,329
Total assets less current liabilities 15,066 44,808
Creditors: amounts falling due after more than one year (121,347) (112,514)
Total net assets (liabilities) (106,281) (67,706)
Capital and reserves
Called up share capital 4 100 100
Profit and loss account (106,381) (67,806)
Shareholders' funds (106,281) (67,706)
  • 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 30 December 2014

And signed on their behalf by:
Mr M J Lloyd, Director
Mr S Fehilly, Director

OPTICS HOUSE LIMITED Registered Number 02009726

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.
The directors have prepared projected cash flow information for the period ended 9 months from the date of this report.On the basis of this information and after discussions regarding the repayment of the long term loans, the directors consider the company can continue to operate without cash flow difficulties in the short or long term. on this basis the directors consider it appropriate to prepare the financial statements on a going concern basis.
The company has sufficient funds at the bank to meet its day to day working capital requirements.
The financial statements are prepared in accordance with applicable UK Accounting Standards (UK Generally Accepted Accounting Standards) which have been applied consistently(except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
See below

Intangible assets amortisation policy
Goodwill acquired is written off in equalannual installments over its estimated useful economic life.

2Tangible fixed assets
£
Cost
At 1 April 2013 179,515
Additions 0
Disposals (179,515)
Revaluations 0
Transfers 0
At 31 March 2014 0
Depreciation
At 1 April 2013 163,036
Charge for the year 0
On disposals (163,036)
At 31 March 2014 0
Net book values
At 31 March 2014 0
At 31 March 2013 16,479

Tangible Fixed assets are stated at cost less depreciation.Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:
Land and leasehold buildings Over the term of the lease
Plant & Machinery 20% per annum straight line

3Fixed assets Investments
Fixed Asset Investments are stated at cost less provision for diminution in value.

4Called Up Share Capital
Allotted, called up and fully paid:
2014
£		 2013
£
100 Ordinary shares of £1 each 100 100