Eye Like Ltd - Abbreviated accounts 16.3

Eye Like Ltd - Abbreviated accounts 16.3

EYE LIKE LTD - Company Information

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08749334 1.11.15 31.10.16 31.10.16 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure087493342015-10-31087493342016-10-31087493342015-11-012016-10-31087493342015-04-30087493342015-05-012015-10-31087493342015-10-3108749334ns12:England2015-11-012016-10-3108749334ns14:PoundSterling2015-11-012016-10-3108749334ns7:Director12015-11-012016-10-3108749334ns7:OrdinaryShareClass12015-11-012016-10-3108749334ns5:FixturesFittings2015-11-012016-10-3108749334ns7:OrdinaryShareClass12016-10-3108749334ns7:OrdinaryShareClass12015-10-31
REGISTERED NUMBER: 08749334 (England and Wales)












ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

EYE LIKE LTD

EYE LIKE LTD (REGISTERED NUMBER: 08749334)

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










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

EYE LIKE LTD (REGISTERED NUMBER: 08749334)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2016

2016 2015
Notes £ £ £ £
FIXED ASSETS
Tangible assets 2 19,906 13,607

CURRENT ASSETS
Stocks 110,322 87,546
Debtors 8,826 1,833
Cash at bank and in hand 32,146 14,157
151,294 103,536
CREDITORS
Amounts falling due within one year 41,408 61,608
NET CURRENT ASSETS 109,886 41,928
TOTAL ASSETS LESS CURRENT
LIABILITIES
129,792
55,535

CREDITORS
Amounts falling due after more than one
year
(108,964
)
(50,000
)

PROVISIONS FOR LIABILITIES (3,982 ) -
NET ASSETS 16,846 5,535

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account 16,844 5,533
SHAREHOLDERS' FUNDS 16,846 5,535

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 3 July 2017 and were signed on its behalf by:





Mrs S Philpot - Director


The notes form part of these abbreviated accounts

1
EYE LIKE LTD (REGISTERED NUMBER: 08749334)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings - 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

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 November 2015 27,217
Additions 15,807
At 31 October 2016 43,024
DEPRECIATION
At 1 November 2015 13,610
Charge for year 9,508
At 31 October 2016 23,118
NET BOOK VALUE
At 31 October 2016 19,906
At 31 October 2015 13,607

3. CALLED UP SHARE CAPITAL

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

2