REGISTERED NUMBER: 06600123 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2013

for

BARNSLEY OPTICAL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S Graham

S A Graham

REGISTERED OFFICE:

DEB House

19 Middlewoods Way

Carlton

Barnsley

South Yorkshire

S71 3HR

REGISTERED NUMBER:

06600123 (England and Wales)

ACCOUNTANTS:

DEB Chartered Accountants

DEB House

19 Middlewoods Way

Carlton

Barnsley

South Yorkshire

S71 3HR

FIXED ASSETS

Intangible assets

2

5,000

6,000

Tangible assets

3

19,115

16,498

24,115

22,498

CURRENT ASSETS

Stocks

2,880

1,519

Debtors

10,964

14,558

Cash at bank

26,615

20,973

40,459

37,050

CREDITORS

Amounts falling due within one year

4

22,624

27,195

NET CURRENT ASSETS

17,835

9,855

TOTAL ASSETS LESS CURRENT LIABILITIES

41,950

32,353

CREDITORS

Amounts falling due after more than one year

4

(13,300

)

(9,900

)

PROVISIONS FOR LIABILITIES

(2,961

)

(2,322

)

NET ASSETS

25,689

20,131

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

25,589

20,031

SHAREHOLDERS' FUNDS

25,689

20,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 14 August 2014 and were signed on its behalf by:

S Graham - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

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.

Tools and equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

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.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

10,000

AMORTISATION

At 1 January 2013

4,000

Amortisation for year

1,000

At 31 December 2013

5,000

NET BOOK VALUE

At 31 December 2013

5,000

At 31 December 2012

6,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

39,399

Additions

9,136

At 31 December 2013

48,535

DEPRECIATION

At 1 January 2013

22,901

Charge for year

6,519

At 31 December 2013

29,420

NET BOOK VALUE

At 31 December 2013

19,115

At 31 December 2012

16,498

4.

CREDITORS

Creditors include an amount of £ 18,900 (2012 - £ 14,333 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

100

Ordinary

£1

100

100