Omega Laser Systems Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02644421 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2016

for

Omega Laser Systems Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

I R Quill

Ms J M Nelson

SECRETARY:

Ms J M Nelson

REGISTERED OFFICE:

2 Deans Hall Business Park

Oak Road

Little Maplestead

Halstead

Essex

CO9 2RT

REGISTERED NUMBER:

02644421 (England and Wales)

ACCOUNTANTS:

Shahram Moallemi and Co

Chantry Lodge

Pyecombe

West Sussex

BN45 7EE

FIXED ASSETS

Intangible assets

2

4,139

5,519

Tangible assets

3

1,198

1,598

5,337

7,117

CURRENT ASSETS

Stocks

39,221

37,481

Debtors

12,702

20,445

Cash at bank and in hand

16,354

42,414

68,277

100,340

CREDITORS

Amounts falling due within one year

55,555

86,577

NET CURRENT ASSETS

12,722

13,763

TOTAL ASSETS LESS CURRENT
LIABILITIES

18,059

20,880

CAPITAL AND RESERVES

Called up share capital

4

15,000

Profit and loss account

3,059

5,880

SHAREHOLDERS' FUNDS

18,059

20,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 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 March 2017 and were signed on its behalf by:

I R Quill - 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).

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

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

125,171

AMORTISATION

At 1 July 2015

119,652

Amortisation for year

1,380

At 30 June 2016

121,032

NET BOOK VALUE

At 30 June 2016

4,139

At 30 June 2015

5,519

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

60,184

DEPRECIATION

At 1 July 2015

58,586

Charge for year

400

At 30 June 2016

58,986

NET BOOK VALUE

At 30 June 2016

1,198

At 30 June 2015

1,598

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

15,000

Ordinary

1

15,000