Birrell and Rainford Opticians Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC383043 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

BIRRELL AND RAINFORD OPTICIANS LIMITE

D

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J W Birrell

Mrs B Rainford

REGISTERED OFFICE:

20-22 Torphichen Street

EDINBURGH

EH3 8JB

REGISTERED NUMBER:

SC383043 (Scotland)

ACCOUNTANTS:

Acumen Accountants and Advisors Limited

20/22 Torphichen Street

Edinburgh

EH3 8JB

FIXED ASSETS

Tangible assets

2

13,775

16,837

CURRENT ASSETS

Stocks

9,445

9,445

Debtors

5,909

7,865

Cash at bank and in hand

50,964

66,695

66,318

84,005

CREDITORS

Amounts falling due within one year

39,265

56,594

NET CURRENT ASSETS

27,053

27,411

TOTAL ASSETS LESS CURRENT LIABILITIES

40,828

44,248

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

40,826

44,246

SHAREHOLDERS' FUNDS

40,828

44,248

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 24 September 2015 and were signed on its behalf by:

J W Birrell - Director

Mrs B Rainford - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Accounting convention

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

Turnover represents net invoiced sales of goods, excluding value added tax.

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 etc

-

25% on cost and 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different

from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences

which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply

when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment

to sell the asset.

Deferred tax assets and liabilities are not discounted.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

38,395

Additions

389

At 31 March 2015

38,784

DEPRECIATION

At 1 April 2014

21,558

Charge for year

3,451

At 31 March 2015

25,009

NET BOOK VALUE

At 31 March 2015

13,775

At 31 March 2014

16,837

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2