The Conversion Eye Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07546470 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

The Conversion Eye Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M R Banfield

REGISTERED OFFICE:

24 Love Lane

Petersfield

Hampshire

GU31 4BP

REGISTERED NUMBER:

07546470 (England and Wales)

ACCOUNTANTS:

Sampson West

Chartered Accountants

Mitre House

12-14 Mitre Street

London

EC3A 5BU

FIXED ASSETS

Tangible assets

2

81

277

CURRENT ASSETS

Debtors

15,801

16,571

Cash at bank

50,324

45,081

66,125

61,652

CREDITORS

Amounts falling due within one year

19,997

19,616

NET CURRENT ASSETS

46,128

42,036

TOTAL ASSETS LESS CURRENT
LIABILITIES

46,209

42,313

PROVISIONS FOR LIABILITIES

-

55

NET ASSETS

46,209

42,258

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

46,208

42,257

SHAREHOLDERS' FUNDS

46,209

42,258

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 28 December 2016 and were signed by:

M R Banfield - Director

1.	ACCOUNTING POLICIES

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 January 2015).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents income recognised in respect of services provided during the period, excluding value added

tax.

Services provided but which had not been billed at the balance sheet date have been recognised as revenue.

Revenue recognition in this manner is based on an assessment of the fair value of the services provided at the

balance sheet date where there exists an agreed right to receive consideration for work undertaken. Accrued

income is included in the financial statements as a current asset.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over it's estimated useful

life.

Plant and machinery etc -33% on cost

Deferred tax

Deferred tax is provided in full on timing differences, which result in an obligation at the balance sheet date to

pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise based on

current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in

taxation computations in periods different from those in which they are included in the financial statements.

Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be

recovered. Deferred tax assets and liabilities are not discounted.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

889

DEPRECIATION

At 1 April 2015

612

Charge for year

196

At 31 March 2016

808

NET BOOK VALUE

At 31 March 2016

81

At 31 March 2015

277

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1

Ordinary

£1

1