Company Registration No. 10657729 (England and Wales)
S&P Jewellery Ltd
Unaudited accounts
for the year ended 31 March 2019
S&P Jewellery Ltd
Unaudited accounts
Contents
S&P Jewellery Ltd
Company Information
for the year ended 31 March 2019
Directors
P N Ellwood
S Ellwood
Company Number
10657729 (England and Wales)
Registered Office
71-75 Shelton Street
London
WC2H 9JQ
Accountants
Kingfisher Business & Consultancy Services Limited
2 Woodside Cottages
Udimore
Rye
East Sussex
TN31 6AE
S&P Jewellery Ltd
Statement of financial position
as at 31 March 2019
Tangible assets
20,934
12,504
Cash at bank and in hand
9,803
9,168
Creditors: amounts falling due within one year
(38,993)
(29,483)
Net current liabilities
(20,396)
(19,391)
Net assets/(liabilities)
538
(6,887)
Called up share capital
8
8
Profit and loss account
530
(6,895)
Shareholders' funds
538
(6,887)
For the year ending 31 March 2019 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 6 December 2019.
P N Ellwood
Director
Company Registration No. 10657729
S&P Jewellery Ltd
Notes to the Accounts
for the year ended 31 March 2019
S&P Jewellery Ltd is a private company, limited by shares, registered in England and Wales, registration number 10657729. The registered office is 71-75 Shelton Street, London, WC2H 9JQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2019 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 7 March 2017.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. 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
20% on reducing balance.
S&P Jewellery Ltd
Notes to the Accounts
for the year ended 31 March 2019
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2018
4,696
10,640
15,336
Additions
6,084
6,950
13,034
At 31 March 2019
10,780
17,590
28,370
At 1 April 2018
704
2,128
2,832
Charge for the year
1,512
3,092
4,604
At 31 March 2019
2,216
5,220
7,436
At 31 March 2019
8,564
12,370
20,934
At 31 March 2018
3,992
8,512
12,504
7
Creditors: amounts falling due within one year
2019
2018
Trade creditors
2,216
5,891
Taxes and social security
208
-
Other creditors
33,303
21,046
Loans from directors
2,766
2,096
Other creditors represent, in totality, an interest free loan with no set repayment terms from a business under the common control of the Director Mr P N Ellwood.
8
Transactions with related parties
The company received loan funding totalling £33,303 from a related party, BBD Interiors Limited during the year, the loan being interest free and with no set repayment terms.
S&P Jewellery Ltd
Notes to the Accounts
for the year ended 31 March 2019
9
Average number of employees
During the year the average number of employees was 0 (2018: 0).
