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 2018

Period of accounts

Start date: 01 May 2017

End date: 30 April 2018

RAD OPTICAL LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2018

Balance sheet
Notes

RAD OPTICAL LIMITED

Balance sheet

As at 30 April 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 3 1,130 154
Total fixed assets: 1,130 154
Current assets
Debtors:   1,750 2,000
Cash at bank and in hand: 3,662 8,381
Total current assets: 5,412 10,381
Creditors: amounts falling due within one year:   (5,166) (8,955)
Net current assets (liabilities): 246 1,426
Total assets less current liabilities: 1,376 1,580
Total net assets (liabilities): 1,376 1,580
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 1,375 1,579
Shareholders funds: 1,376 1,580

The notes form part of these financial statements

RAD OPTICAL LIMITED

Balance sheet statements

For the year ending 30 April 2018 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.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 January 2019
and signed on behalf of the board by:

Name: Mrs 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 2018

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 goodssupplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards ofownership have transferred to the buyer (usually on despatch of the goods); the amount ofrevenue can be measured reliably; it is probable that the associated economic benefits will flowto the entity; and the costs incurred or to be incurred in respect of the transactions can bemeasured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and subsequently stated at cost less anyaccumulated depreciation and impairment losses. Any tangible assets carried at revaluedamounts are recorded at the fair value at the date of revaluation less any subsequentaccumulated depreciation and subsequent accumulated impairment losses.An increase in the carrying amount of an asset as a result of a revaluation, is recognised in othercomprehensive income and accumulated in equity, except to the extent it reverses a revaluationdecrease of the same asset previously recognised in profit or loss. A decrease in the carryingamount of an asset as a result of revaluation, is recognised in other comprehensive income tothe extent of any previously recognised revaluation increase accumulated in equity in respect ofthat asset. Where a revaluation decrease exceeds the accumulated revaluation gainsaccumulated 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 residualvalue, over the useful economic life of that asset as follows:Equipment - 25% straight line

Intangible fixed assets and amortisation policy

Amortisation 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 orresidual value of an intangible asset, the amortisation is revised prospectively to reflect the newestimates.

RAD OPTICAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2018

2. Employees

2018 2017
Average number of employees during the period 1 1

RAD OPTICAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2018

3. Tangible Assets

Total
Cost £
At 01 May 2017 2,340
Additions 1,507
At 30 April 2018 3,847
Depreciation
At 01 May 2017 2,186
Charge for year 531
At 30 April 2018 2,717
Net book value
At 30 April 2018 1,130
At 30 April 2017 154

RAD OPTICAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2018

4. Loans to directors

2018Mrs R Dattani Bal B/F Advances Repaid Outstanding (87) 23,045 (22,999) (41)2017Mrs R Dattani Bal B/F Advances Repaid Outstanding (6449) 33,146 (26,784) (87)