Animal Optics Limited 30/11/2019 iXBRL


30/11/2019 2019-11-30 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2018-12-01 Sage Accounts Production 19.0 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 04600464 2018-12-01 2019-11-30 04600464 2019-11-30 04600464 2018-11-30 04600464 2017-12-01 2018-11-30 04600464 2018-11-30 04600464 core:FurnitureFittingsToolsEquipment 2018-12-01 2019-11-30 04600464 bus:RegisteredOffice 2018-12-01 2019-11-30 04600464 bus:OrdinaryShareClass1 2018-12-01 2019-11-30 04600464 bus:LeadAgentIfApplicable 2018-12-01 2019-11-30 04600464 bus:Director1 2018-12-01 2019-11-30 04600464 bus:CompanySecretary1 2018-12-01 2019-11-30 04600464 core:FurnitureFittingsToolsEquipment 2018-11-30 04600464 core:FurnitureFittingsToolsEquipment 2019-11-30 04600464 core:WithinOneYear 2019-11-30 04600464 core:WithinOneYear 2018-11-30 04600464 bus:AllOrdinaryShares 2018-12-01 2019-11-30 04600464 bus:AllOrdinaryShares 2017-12-01 2018-11-30 04600464 core:ShareCapital 2019-11-30 04600464 core:ShareCapital 2018-11-30 04600464 core:RetainedEarningsAccumulatedLosses 2019-11-30 04600464 core:RetainedEarningsAccumulatedLosses 2018-11-30 04600464 bus:OrdinaryShareClass1 core:ShareCapital 2019-11-30 04600464 bus:OrdinaryShareClass1 core:ShareCapital 2018-11-30 04600464 core:FurnitureFittingsToolsEquipment 2018-11-30 04600464 bus:Director1 2018-11-30 04600464 bus:Director1 2019-11-30 04600464 bus:Director1 2017-11-30 04600464 bus:Director1 2018-11-30 04600464 bus:Director1 2017-12-01 2018-11-30 04600464 bus:SmallEntities 2018-12-01 2019-11-30 04600464 bus:AuditExempt-NoAccountantsReport 2018-12-01 2019-11-30 04600464 bus:FullAccounts 2018-12-01 2019-11-30 04600464 bus:SmallCompaniesRegimeForAccounts 2018-12-01 2019-11-30 04600464 bus:PrivateLimitedCompanyLtd 2018-12-01 2019-11-30 04600464 core:OtherRelatedParties 2018-12-01 2019-11-30 04600464 core:OtherRelatedParties core:OtherTransactionType1 2018-12-01 2019-11-30
Company registration number: 04600464
Animal Optics Limited
Unaudited filleted financial statements
for the year ended
30 November 2019
Prepared by:
THOMAS NOCK MARTIN LIMITED
CHARTERED ACCOUNTANTS
BRIERLEY HILL
Animal Optics Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Animal Optics Limited
Directors and other information
Director Prof. Andrew Parker
Secretary Dr. Natalia Martini
Company number 04600464
Registered office 5 Hagley Court South
The Waterfront
Brierley Hill
West Midlands
DY5 1XE
Business address 2/21 Queens Road
Richmond
Surrey
TW10 6JW
Accountants Thomas Nock Martin Limited
5 Hagley Court South
The Waterfront
Brierley Hill
West Midlands
DY5 1XE
Bankers HSBC Bank plc
67 George Street
Richmond
Surrey
TW9 1HG
Animal Optics Limited
Statement of financial position
30 November 2019
2019 2018
Note £ £ £ £
Fixed assets
Tangible assets 6 2,273 2,526
_______ _______
2,273 2,526
Current assets
Debtors 7 66,391 145,089
Cash at bank and in hand 1,607 534
_______ _______
67,998 145,623
Creditors: amounts falling due
within one year 8 ( 2,274) ( 26,191)
_______ _______
Net current assets 65,724 119,432
_______ _______
Total assets less current liabilities 67,997 121,958
Provisions for liabilities ( 450) ( 500)
_______ _______
Net assets 67,547 121,458
_______ _______
Capital and reserves
Called up share capital 9 1 1
Profit and loss account 67,546 121,457
_______ _______
Shareholders funds 67,547 121,458
_______ _______
For the year ending 30 November 2019 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 08 April 2020 , and are signed on behalf of the board by:
Prof. Andrew Parker
Director
Company registration number: 04600464
Animal Optics Limited
Notes to the financial statements
Year ended 30 November 2019
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 5 Hagley Court South, The Waterfront, Brierley Hill, West Midlands, DY5 1XE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tagible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment - 10 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognitionof financial assets and liabilities like trade debtors and creditors, other debtors and creditors and loans from banks.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2018: 1 ).
5. Dividends
Equity dividends
2019 2018
£ £
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year) 50,000 121,000
_______ _______
6. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 December 2018 and 30 November 2019 3,850 3,850
_______ _______
Depreciation
At 1 December 2018 1,324 1,324
Charge for the year 253 253
_______ _______
At 30 November 2019 1,577 1,577
_______ _______
Carrying amount
At 30 November 2019 2,273 2,273
_______ _______
At 30 November 2018 2,526 2,526
_______ _______
7. Debtors
2019 2018
£ £
Other debtors 66,391 145,089
_______ _______
8. Creditors: amounts falling due within one year
2019 2018
£ £
Bank loans and overdrafts 16 -
Trade creditors 390 -
Social security and other taxes 32 -
Other creditors 1,836 26,191
_______ _______
2,274 26,191
_______ _______
9. Called up share capital
Issued, called up and fully paid
2019 2018
No £ No £
Ordinary shares of £ 1.00 each 1 1 1 1
_______ _______ _______ _______
10. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2019
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Prof. Andrew Parker ( 24,415) 93,550 ( 50,000) 19,135
_______ _______ _______ _______
2018
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Prof. Andrew Parker 42,202 54,383 ( 121,000) ( 24,415)
_______ _______ _______ _______
11. Related party transactions
Included in debtors is £47,116 (2018 £143,116) due from Lifescaped Limited, a company of which Prof. Andrew Parker has a material interest as a shareholder, representing the outstanding balance of a loan.