Prestige Watches & Jewellery Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08678346 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

5TH SEPTEMBER 2013 TO 30TH SEPTEMBER 2014

FOR

PRESTIGE WATCHES & JEWELLERY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J McGarry

SECRETARY:

REGISTERED OFFICE:

2A The Common

Parbold

Lancashire

WN8 7DA

REGISTERED NUMBER:

08678346 (England and Wales)

ACCOUNTANTS:

TLL Accountants

7-9 Station Road

Hesketh Bank

Preston

Lancashire

PR4 6SN

FIXED ASSETS

Tangible assets

2

1,448

CURRENT ASSETS

Stocks

4,240

Debtors

5,220

Cash at bank

4,970

14,430

CREDITORS

Amounts falling due within one year

15,653

NET CURRENT LIABILITIES

(1,223

)

TOTAL ASSETS LESS CURRENT LIABILITIES

225

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

125

SHAREHOLDERS' FUNDS

225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th September 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th September 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 2nd June 2015 and were signed by:

J McGarry - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

2,024

At 30th September 2014

2,024

DEPRECIATION

Charge for period

576

At 30th September 2014

576

NET BOOK VALUE

At 30th September 2014

1,448

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.