Showman Opticians Limited - Period Ending 2016-11-30

Registration number: 01418822

Showman Opticians Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2016
 

Beever and Struthers
Chartered Accountants
St George's House
215-219 Chester Road
Manchester
Lancashire
M15 4JE

Showman Opticians Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Showman Opticians Limited
(Registration number: 01418822)
Abbreviated Balance Sheet at 30 November 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					121,499			124,199
Investments					-			2
					121,499			124,201
Current assets
Debtors					183,676			282,516
Cash at bank and in hand					110,687			22,082
					294,363			304,598
Creditors: Amounts falling due within one year					(6,030)			5,032
Net current assets					288,333			309,630
Net assets					409,832			433,831
Capital and reserves
Called up share capital		3			2			2
Revaluation reserve					104,767			104,767
Profit and loss account					305,063			329,062
Shareholders' funds					409,832			433,831

For the year ending 30 November 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 30 August 2017 and signed on its behalf by:

......................................... Mr P T Showman Director

The notes on pages 2 to 3 form an integral part of these financial statements.
  Page 1

Showman Opticians Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic lives as follows:

Asset class	Depreciation method and rate
Freehold buildings	2% p.a. straight line
Office Equipment	20% p.a. straight line

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 December 2015		136,009			2			136,011
Disposals		-			(2)			(2)
At 30 November 2016		136,009			-			136,009
Depreciation
At 1 December 2015		11,810			-			11,810
Charge for the year		2,700			-			2,700
At 30 November 2016		14,510			-			14,510
Net book value
At 30 November 2016		121,499			-			121,499
At 30 November 2015		124,199			2			124,201

Page 2

Showman Opticians Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

4	Related party transactions

Directors' advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mr P T Showman
Director's loan account	2,161	-	2,161	-
Director's loan account	5,846	-	5,846	-

Page 3