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REGISTERED NUMBER: 05521512 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 August 2018

for

Broomfield Opticians Limited

Broomfield Opticians Limited (Registered number: 05521512)






Contents of the Financial Statements
for the Year Ended 31 August 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Broomfield Opticians Limited

Company Information
for the Year Ended 31 August 2018







DIRECTOR: Mr A Chauhan





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 05521512 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Broomfield Opticians Limited (Registered number: 05521512)

Balance Sheet
31 August 2018

31.8.18 31.8.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 12,042 9,909
12,042 9,909

CURRENT ASSETS
Stocks 21,803 20,213
Debtors 6 - 650
Cash at bank 68,171 44,631
89,974 65,494
CREDITORS
Amounts falling due within one year 7 16,980 20,965
NET CURRENT ASSETS 72,994 44,529
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,036

54,438

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 84,936 54,338
SHAREHOLDERS' FUNDS 85,036 54,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 29 October 2018 and were signed by:




Mr A Chauhan - Director


Broomfield Opticians Limited (Registered number: 05521512)

Notes to the Financial Statements
for the Year Ended 31 August 2018

1. STATUTORY INFORMATION

Broomfield Opticians Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

Broomfield Opticians Limited (Registered number: 05521512)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2018

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2017
and 31 August 2018 75,000
AMORTISATION
At 1 September 2017
and 31 August 2018 75,000
NET BOOK VALUE
At 31 August 2018 -
At 31 August 2017 -

The cost of goodwill of £75,000 was acquired in year ended 31 August 2006 and was fully amortised during the
year ended 31 August 2010 and has a £nil net book value from year ended 31 August 2010 onwards.

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2017 30,066 6,432 6,799 43,297
Additions 2,200 2,104 - 4,304
At 31 August 2018 32,266 8,536 6,799 47,601
DEPRECIATION
At 1 September 2017 23,040 3,944 6,404 33,388
Charge for year 1,384 689 98 2,171
At 31 August 2018 24,424 4,633 6,502 35,559
NET BOOK VALUE
At 31 August 2018 7,842 3,903 297 12,042
At 31 August 2017 7,026 2,488 395 9,909

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.18 31.8.17
£    £   
Other debtors - 650

Broomfield Opticians Limited (Registered number: 05521512)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.18 31.8.17
£    £   
Taxation and social security 14,101 18,486
Other creditors 2,879 2,479
16,980 20,965

8. RESERVES
Retained
earnings
£   

At 1 September 2017 54,338
Profit for the year 61,098
Dividends (30,500 )
At 31 August 2018 84,936

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 (2017 - £37,200) were paid to the director .

The director Mr Anish Chauhan is considered to be the key management personnel. He earned a salary of
£10,023 (£10,235-2017) during the year for his services to the company.