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REGISTERED NUMBER: 05253361 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 March 2017

for

A B Optical Limited

A B Optical Limited (Registered number: 05253361)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


A B Optical Limited

Company Information
for the Year Ended 31 March 2017







DIRECTOR: A Bedi





SECRETARY: Y P Bedi





REGISTERED OFFICE: 16 Queen Street
Ilkeston
Derbyshire
DE7 5GT





REGISTERED NUMBER: 05253361 (England and Wales)





ACCOUNTANTS: Gregory Priestley & Stewart
16 Queen Street
Ilkeston
Derbyshire
DE7 5GT

A B Optical Limited (Registered number: 05253361)

Abridged Balance Sheet
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 97,439 2,025
Tangible assets 5 909 1,309
98,348 3,334

CURRENT ASSETS
Stocks 65,341 25,000
Debtors 166,990 70,998
Cash at bank and in hand 138,377 49,883
370,708 145,881
CREDITORS
Amounts falling due within one year 196,824 87,907
NET CURRENT ASSETS 173,884 57,974
TOTAL ASSETS LESS CURRENT
LIABILITIES

272,232

61,308

CREDITORS
Amounts falling due after more than one
year

6

133,236

18,774
NET ASSETS 138,996 42,534

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 138,496 42,034
SHAREHOLDERS' FUNDS 138,996 42,534

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.

A B Optical Limited (Registered number: 05253361)

Abridged Balance Sheet - continued
31 March 2017


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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 27 November 2017 and were signed by:





A Bedi - Director


A B Optical Limited (Registered number: 05253361)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

A B 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Franchise fee are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

A B Optical Limited (Registered number: 05253361)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

2. ACCOUNTING POLICIES - continued

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 26 .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2016 4,500
Additions 106,516
At 31 March 2017 111,016
AMORTISATION
At 1 April 2016 2,475
Amortisation for year 11,102
At 31 March 2017 13,577
NET BOOK VALUE

At 31 March 2017 97,439
At 31 March 2016 2,025

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2016
and 31 March 2017 1,746
DEPRECIATION
At 1 April 2016 437
Charge for year 400
At 31 March 2017 837
NET BOOK VALUE
At 31 March 2017 909
At 31 March 2016 1,309

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.3.17 31.3.16
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 97,854 -

A B Optical Limited (Registered number: 05253361)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.17 31.3.16
£    £   
Bank loans 142,082 23,373

The bank overdraft is secured by a personal guarantee given by the director.