Company Registration No. 05481651 (England and Wales)
20/20 EYECARE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
20/20 EYECARE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
20/20 EYECARE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2015
30 September 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
5,667
6,051
Current assets
Stocks
26,402
20,021
Debtors
31,927
25,351
Cash at bank and in hand
1,337
5,661
59,666
51,033
Creditors: amounts falling due within one year
(415,355)
(416,850)
Net current liabilities
(355,689)
(365,817)
Total assets less current liabilities
(350,022)
(359,766)
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
(350,122)
(359,866)
Shareholders' funds
(350,022)
(359,766)
For the financial year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 21 June 2016
L Connors
Director
Company Registration No. 05481651
20/20 EYECARE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
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 buildings Leasehold
over length of lease
Computer equipment
33% straight line
Fixtures, fittings & equipment
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2014
120,689
Additions
1,503
At 30 September 2015
122,192
Depreciation
At 1 October 2014
114,638
Charge for the year
1,887
At 30 September 2015
116,525
Net book value
At 30 September 2015
5,667
At 30 September 2014
6,051
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100