Company Registration No. 07919792 (England and Wales)
EYES OF THE GUEST LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2015
EYES OF THE GUEST LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JANUARY 2015
31 January 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
655,750
747,250
Tangible assets
2
64,000
43,387
719,750
790,637
Current assets
Stocks
7,851
7,841
Debtors
26,616
16,466
Cash at bank and in hand
139,571
10,364
174,038
34,671
Creditors: amounts falling due within one year
(475,481)
(577,889)
Net current liabilities
(301,443)
(543,218)
Total assets less current liabilities
418,307
247,419
Provisions for liabilities
(12,800)
(8,677)
405,507
238,742
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
405,506
238,741
Shareholders' funds
405,507
238,742
EYES OF THE GUEST LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2015
31 January 2015
- 2 -
For the financial year ended 31 January 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 27 October 2015
Ms K Haskins
Director
Company Registration No. 07919792
EYES OF THE GUEST LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2015
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% Reducing Balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 February 2014
915,000
66,021
981,021
Additions
-
41,946
41,946
At 31 January 2015
915,000
107,967
1,022,967
Depreciation
At 1 February 2014
167,750
22,634
190,384
Charge for the year
91,500
21,333
112,833
At 31 January 2015
259,250
43,967
303,217
Net book value
At 31 January 2015
655,750
64,000
719,750
At 31 January 2014
747,250
43,387
790,637
EYES OF THE GUEST LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2015
- 4 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1 Ordinary of £1 each
1
1