Abbreviated Company Accounts - DAVIES JEWELLERS LIMITED

DAVIES JEWELLERS LIMITED - Company Information

03777668 DAVIES JEWELLERS LIMITED 2014-06-30 false 2013-07-01 2014-06-30 true 03777668 2013-07-01 2014-06-30 03777668 2014-06-30 03777668 2013-06-30 03777668 uk-gaap-cd-bus:Director1 2013-07-01 2014-06-30 03777668 uk-gaap-cd-bus:Director2 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-30 iso4217:GBP shares

Registered Number 03777668

DAVIES JEWELLERS LIMITED

Abbreviated Accounts

30 June 2014

DAVIES JEWELLERS LIMITED Registered Number 03777668

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	24,640	13,090
Investments		-	-
		24,640	13,090
Current assets
Stocks		91,540	74,461
Debtors		661	-
Investments		-	-
Cash at bank and in hand		91,090	71,866
		183,291	146,327
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(91,276)	(82,462)
Net current assets (liabilities)		92,015	63,865
Total assets less current liabilities		116,655	76,955
Creditors: amounts falling due after more than one year		(14,495)	(554)
Provisions for liabilities		0	0
Total net assets (liabilities)		102,160	76,401
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		102,158	76,399
Shareholders' funds		102,160	76,401

For the year ending 30 June 2014 the company was entitled to exemption 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.

Approved by the Board on 20 March 2015

And signed on their behalf by:
M J Richmond Davies, Director

DAVIES JEWELLERS LIMITED Registered Number 03777668

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for jewellery net of vat.

Tangible assets depreciation policy
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:
Leasehold property improvements over the life of the primary lease
Fixtures, fittings and equipment 25% on reducing balance
Motor vehicles 25% on reducing balance

Other accounting policies
Stock is valued at the lower of cost or net realisable value.

2Tangible fixed assets

	£
Cost
At 1 July 2013	71,535
Additions	30,740
Disposals	(24,210)
Revaluations	0
Transfers	0
At 30 June 2014	78,065
Depreciation
At 1 July 2013	58,445
Charge for the year	8,977
On disposals	(13,997)
At 30 June 2014	53,425
Net book values
At 30 June 2014	24,640
At 30 June 2013	13,090

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2