Birrell and Rainford Opticians Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC383043 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

BIRRELL AND RAINFORD

OPTICIANS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J W Birrell

Mrs B Rainford

REGISTERED OFFICE:

3 Coates Place

Edinburgh

EH3 7AA

REGISTERED NUMBER:

SC383043 (Scotland)

ACCOUNTANTS:

James Fraser & Co.

Chartered Accountants

3 Coates Place

Edinburgh

EH3 7AA

FIXED ASSETS

Tangible assets

4

7,548

9,166

CURRENT ASSETS

Stocks

13,542

9,870

Debtors

1,142

3,224

Cash at bank and in hand

143,115

132,506

157,799

145,600

CREDITORS

Amounts falling due within one year

36,935

34,634

NET CURRENT ASSETS

120,864

110,966

TOTAL ASSETS LESS CURRENT LIABILITIES

128,412

120,132

CAPITAL AND RESERVES

Called up share capital

22

22

Retained earnings

128,390

120,110

SHAREHOLDERS' FUNDS

128,412

120,132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Balance Sheet for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 19 July 2019 and were signed on its behalf by:

Mr J W Birrell - Director

Mrs B Rainford - Director

1.	STATUTORY INFORMATION

Birrell and Rainford Opticians Limited is a private company, limited by shares , registered in Scotland. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors confirm that it is appropriate for the financial statements to have been drawn up on the going

concern basis. In reaching this conclusion the directors have taken into account all relevant matters of which

they are aware and have considered a future period of at least twelve months from the date on which the financial

statements were approved.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

20% reducing balance

Fixtures and fittings

-

20% reducing balance

Computer equipment

-

25% straight line

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2018 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2018

42,375

Additions

732

At 31 March 2019

43,107

DEPRECIATION

At 1 April 2018

33,209

Charge for year

2,350

At 31 March 2019

35,559

NET BOOK VALUE

At 31 March 2019

7,548

At 31 March 2018

9,166