Company Registration No. 07474657 (England and Wales)
Ocular Focus Ltd
Abbreviated unaudited accounts
for the year ended 31 March 2016
Ocular Focus Ltd
Abbreviated Balance Sheet
as at
31 March 2016
Tangible assets
5,294
5,419
Cash at bank and in hand
22,419
33,568
Creditors: amounts falling due within one year
(41,059)
(40,676)
Net current assets
20,535
34,649
Called up share capital
2
2
Profit and loss account
25,827
40,066
Total shareholders' funds
25,829
40,068
For the year ending 31 March 2016 the company was entitled to exemption from audit 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 25 November 2016
M P Edwards
Director
Company Registration No. 07474657
Ocular Focus Ltd
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover represents net invoiced sales of services, excluding value added tax.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% on reducing balance
Computer equipment
25% on reducing balance
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
Fixtures & fittings
Computer equipment
Total
At 1 April 2015
4,784
2,620
7,404
At 31 March 2016
4,784
3,273
8,057
At 1 April 2015
1,714
271
1,985
Charge for the year
460
566
1,026
On disposals
-
(248)
(248)
At 31 March 2016
2,174
589
2,763
At 31 March 2016
2,610
2,684
5,294
At 31 March 2015
3,070
2,349
5,419
3
Share capital
2016
2015
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2