Accounts filed on 30-09-2014
Accounts filed on 30-09-2014
trueThe Eyecare Centre (Brighton and Hove) Ltd072849332014-09-3017824715197517824915197722178249151977178249151977-30579-4666611318413610582605894392262849190122221263367643782088281986431600001700004882828643Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Goodwill-5% Straight line method
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account on a straight line basis.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Fixtures & FittingsReducing balance0.1500EquipmentReducing balance0.250020000020000040000300001000075774446623111226946160191092727577424466231112669464601920927Ordinary2122Ordinary12222015-06-17Mr S Doshitruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureThe Eyecare Centre (Brighton and Hove) Ltd2013-10-012014-09-30The Eyecare Centre (Brighton and Hove) Ltd2012-10-012013-09-30The Eyecare Centre (Brighton and Hove) Ltd2012-09-30The Eyecare Centre (Brighton and Hove) Ltd2013-09-30The Eyecare Centre (Brighton and Hove) Ltd2013-09-30The Eyecare Centre (Brighton and Hove) Ltd2014-09-30 2015-06-19
