Murgatroyd Opticians Limited - Abbreviated accounts 16.3

Murgatroyd Opticians Limited - Abbreviated accounts 16.3

MURGATROYD OPTICIANS LIMITED - Company Information

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REGISTERED NUMBER: 04510330 (England and Wales)















MURGATROYD OPTICIANS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016













MURGATROYD OPTICIANS LIMITED (REGISTERED NUMBER: 04510330)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

MURGATROYD OPTICIANS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2016







DIRECTORS: P Murgatroyd
Mrs A E Murgatroyd





SECRETARY: Mrs A E Murgatroyd





REGISTERED OFFICE: Sidings House
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU





REGISTERED NUMBER: 04510330 (England and Wales)





Page 1
MURGATROYD OPTICIANS LIMITED (REGISTERED NUMBER: 04510330)

ABBREVIATED BALANCE SHEET
31 AUGUST 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 161,789 180,850

CURRENT ASSETS
Stocks 14,150 11,450
Debtors 34,541 34,074
Cash at bank and in hand 11,962 4,957
60,653 50,481
CREDITORS
Amounts falling due within one year 3 57,334 59,250
NET CURRENT ASSETS/(LIABILITIES) 3,319 (8,769 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
165,108
172,081

CREDITORS
Amounts falling due after more than one
year
3
(14,291
)
(29,493
)

PROVISIONS FOR LIABILITIES (18,850 ) (22,550 )
NET ASSETS 131,967 120,038

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 131,965 120,036
SHAREHOLDERS' FUNDS 131,967 120,038

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 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 notes form part of these abbreviated accounts

Page 2 continued...
MURGATROYD OPTICIANS LIMITED (REGISTERED NUMBER: 04510330)

ABBREVIATED BALANCE SHEET - continued
31 AUGUST 2016


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 23 December 2016 and were signed on its behalf
by:





P Murgatroyd - Director


The notes form part of these abbreviated accounts

Page 3
MURGATROYD OPTICIANS LIMITED (REGISTERED NUMBER: 04510330)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016


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).

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.

Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Freehold property is not depreciated because its estimated useful life exceeds 50 years.

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 is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2015
and 31 August 2016 306,916
DEPRECIATION
At 1 September 2015 126,066
Charge for year 19,061
At 31 August 2016 145,127
NET BOOK VALUE
At 31 August 2016 161,789
At 31 August 2015 180,850

3. CREDITORS

Creditors include an amount of £ 29,493 (2015 - £ 44,472 ) for which security has been given.

Page 4 continued...
MURGATROYD OPTICIANS LIMITED (REGISTERED NUMBER: 04510330)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 AUGUST 2016


4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2 Ordinary £1 2 2

5. CONTROLLING PARTY

The company is controlled by the directors who own 100% of the issued share capital.

Page 5