Accounts filed on 30-11-2013
Accounts filed on 30-11-2013
trueShowman Opticians Limited014188222013-11-30322609310742427378415511221047671047674273784155114273784155112976942830457213964130490729268628754628434517361834112968413246612968213246422Basis of accounting
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the directors consider that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected
to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the
contractual arrangement, as either financial assets, financial liabilities or equity instruments.
An equity instrument is any contract that evidences a residual interest in the assets of the
company after deducting all of its liabilities.
Contribution to pension funds
The pension costs charged against profits represent the amount of the contributions
payable to the schemes in respect of the accounting period.
Land & BuildingsStraight line0.0200EquipmentEquipment0.200013600913600963273545278222136011136011632735452782Ordinary1001100100Ordinary1222Related Party Transactions
The company shares head office, central purchasing and other facilities with Showman
Opticians, a business in which Messers. A.I. Showman and P.T. Showman are partners.
At the year end the company was owed £152,773 (2012 - £147,013) by the partnership.
At the balance sheet date the company was owed £10,610 (2012 - £10,610) by Moderneyes Limited, a
company incorporated in England of which Messers A.I. Showman and P.T Showman are
directors and shareholders.
At the year end the company was owed £3,625 (2012 - £3,625) by The Contact Lens
Company Limited, a company incorporated in England of which Messers A.I Showman and P.T Showman
are directors and shareholders.
At the year end the company was owed £101,763 (2012 - £107,523) by its subsidiary
company Look Right (Distributors) Limited.Transactions With Directors
At the year end the company owed Mr A.I. Showman £1,091 (2012 - £1,091).
At the year end Mr P.T. Showman owed the company £5,346 (2012 - £5,346). The loans are unsecured, interest free and there are no scheduled repayments.Controlling Party
In the opinion of the directors, Messers. A.I. Showman and P.T. Showman
have joint control of the company.2014-08-28Mr A I Showmantruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureShowman Opticians Limited2012-12-012013-11-30Showman Opticians Limited2011-12-012012-11-30Showman Opticians Limited2011-11-30Showman Opticians Limited2012-11-30Showman Opticians Limited2012-11-30Showman Opticians Limited2013-11-30 2014-08-29
