Company Registration No. 06607772 (England and Wales)
A & G MARSHALL OPTOMETRISTS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016
A & G MARSHALL OPTOMETRISTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
A & G MARSHALL OPTOMETRISTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MAY 2016
31 May 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
51,200
76,800
Tangible assets
2
3,616
2,848
54,816
79,648
Current assets
Stocks
22,465
23,753
Debtors
91,570
28,634
Cash at bank and in hand
60,031
94,857
174,066
147,244
Creditors: amounts falling due within one year
(203,063)
(198,338)
Net current liabilities
(28,997)
(51,094)
Total assets less current liabilities
25,819
28,554
Provisions for liabilities
(723)
(570)
25,096
27,984
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
24,996
27,884
Shareholders'  funds
25,096
27,984
A & G MARSHALL OPTOMETRISTS LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2016
31 May 2016
- 2 -
For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 15 December 2016
Mrs G  Marshall
Director
Company Registration No. 06607772
A & G MARSHALL OPTOMETRISTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016
- 3 -
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 January 2015).

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
Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years . of 10 years.

1.5
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:
Fixtures, fittings & equipment
25% straight line
1.6
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.  The deferred tax balance has not been discounted.
A & G MARSHALL OPTOMETRISTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2016
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 June 2015
256,000
51,990
307,990
Additions
-
2,303
2,303
Disposals
-
(244)
(244)
At 31 May 2016
256,000
54,049
310,049
Depreciation
At 1 June 2015
179,200
49,142
228,342
On disposals
-
(238)
(238)
Charge for the year
25,600
1,529
27,129
At 31 May 2016
204,800
50,433
255,233
Net book value
At 31 May 2016
51,200
3,616
54,816
At 31 May 2015
76,800
2,848
79,648
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
2016-05-312015-06-01falsetruetruetruetruetruetmp5A10.html2016-12-15066077722015-06-012016-05-31066077722016-05-31066077722015-05-31066077722015-05-3106607772uk-bus:Director12015-06-012016-05-3106607772uk-gaap:FixturesFittingsToolsEquipment2015-06-012016-05-3106607772uk-bus:OrdinaryShareClass12015-06-012016-05-3106607772uk-bus:OrdinaryShareClass12016-05-3106607772uk-bus:OrdinaryShareClass12015-05-31xbrli:purexbrli:sharesiso4217:GBP