Abbreviated Company Accounts - BROAD OPTICIANS LTD

BROAD OPTICIANS LTD - Company Information

08992087 BROAD OPTICIANS LTD 2014-11-30 false 2014-04-11 2014-11-30 true 08992087 2014-04-11 2014-11-30 08992087 2014-11-30 08992087 uk-gaap-cd-bus:Director1 2014-04-11 2014-11-30 08992087 uk-gaap-cd-bus:Director2 2014-04-11 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-11 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-30 iso4217:GBP shares

Registered Number 08992087

BROAD OPTICIANS LTD

Abbreviated Accounts

30 November 2014

BROAD OPTICIANS LTD Registered Number 08992087

Abbreviated Balance Sheet as at 30 November 2014

	Notes	2014
		£
Fixed assets
Intangible assets	2	220,070
Tangible assets	3	28,083
		248,153
Current assets
Stocks		17,911
Debtors		10,512
Cash at bank and in hand		30,323
		58,746
Creditors: amounts falling due within one year	4	(104,933)
Net current assets (liabilities)		(46,187)
Total assets less current liabilities		201,966
Creditors: amounts falling due after more than one year	4	(220,703)
Total net assets (liabilities)		(18,737)
Capital and reserves
Called up share capital	5	100
Profit and loss account		(18,837)
Shareholders' funds		(18,737)

For the year ending 30 November 2014 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 11 March 2015

And signed on their behalf by:
Mr N Oldbury, Director

BROAD OPTICIANS LTD Registered Number 08992087

Notes to the Abbreviated Accounts for the period ended 30 November 2014

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 January 2015).
The company is part of a small group. The company has taken advantage of the exemption provided by the Companies Act 2006 not to prepare group accounts. The financial statements therefore present information about the company as an individual undertaking and not about its group.
The company has taken advantage of the exemption in Financial Reporting Standard No. 8 "Related party disclosures" and has not disclosed transactions with group undertakings.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Tenants improvements Over the period of the lease
Computer equipment 25% straight line
Fixtures and fittings 25% reducing balance

Intangible assets amortisation policy
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.

2Intangible fixed assets

	£
Cost
Additions	229,638
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2014	229,638
Amortisation
Charge for the year	9,568
On disposals	-
At 30 November 2014	9,568
Net book values
At 30 November 2014	220,070

3Tangible fixed assets

	£
Cost
Additions	31,164
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2014	31,164
Depreciation
Charge for the year	3,081
On disposals	-
At 30 November 2014	3,081
Net book values
At 30 November 2014	28,083

4Creditors

	2014 £
Secured Debts	243,123
Instalment debts due after 5 years	125,207

5Called Up Share Capital
Allotted, called up and fully paid:

	2014 £
100 Ordinary shares of £1 each	100