Registered Number 05390331

A & S OPTOMETRICS LIMITED

Abbreviated Accounts

31 March 2016

A & S OPTOMETRICS LIMITED Registered Number 05390331

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 289 95
289 95
Current assets
Debtors 17,047 11,240
Cash at bank and in hand 804 -
17,851 11,240
Creditors: amounts falling due within one year (17,341) (10,653)
Net current assets (liabilities) 510 587
Total assets less current liabilities 799 682
Total net assets (liabilities) 799 682
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 699 582
Shareholders' funds 799 682
  • For the year ending 31 March 2016 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 29 December 2016

And signed on their behalf by:
A.S. Ubhi, Director

A & S OPTOMETRICS LIMITED Registered Number 05390331

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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
The turnover shown in the profit and loss account represents amounts invoiced during the year.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Office Equipment - 25% Straight Line
Optometric Equipment - 25% Straight Line

Other accounting policies
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2Tangible fixed assets
£
Cost
At 1 April 2015 4,983
Additions 360
Disposals -
Revaluations -
Transfers -
At 31 March 2016 5,343
Depreciation
At 1 April 2015 4,888
Charge for the year 166
On disposals -
At 31 March 2016 5,054
Net book values
At 31 March 2016 289
At 31 March 2015 95

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100 Ordinary shares of £1 each 100 100