Abbreviated Company Accounts - KNIGHTBRIDGE WATCH AND JEWELLERS LTD

KNIGHTBRIDGE WATCH AND JEWELLERS LTD - Company Information

07759776 KNIGHTBRIDGE WATCH AND JEWELLERS LTD 2014-09-30 false 2013-10-01 2014-09-30 true 07759776 2013-10-01 2014-09-30 07759776 2014-09-30 07759776 2013-09-30 07759776 uk-gaap-cd-bus:Director1 2013-10-01 2014-09-30 07759776 uk-gaap-cd-bus:Director2 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-30 iso4217:GBP shares

Registered Number 07759776

KNIGHTBRIDGE WATCH AND JEWELLERS LTD

Abbreviated Accounts

30 September 2014

KNIGHTBRIDGE WATCH AND JEWELLERS LTD Registered Number 07759776

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	27,226	34,033
		27,226	34,033
Current assets
Stocks		491,300	436,130
Debtors		89,550	135,227
Cash at bank and in hand		237	11,869
		581,087	583,226
Creditors: amounts falling due within one year		(165,775)	(173,966)
Net current assets (liabilities)		415,312	409,260
Total assets less current liabilities		442,538	443,293
Creditors: amounts falling due after more than one year		(541,000)	(577,000)
Total net assets (liabilities)		(98,462)	(133,707)
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		(99,462)	(134,707)
Shareholders' funds		(98,462)	(133,707)

For the year ending 30 September 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 12 June 2015

And signed on their behalf by:
MS F N Mahfoodh, Director

KNIGHTBRIDGE WATCH AND JEWELLERS LTD Registered Number 07759776

Notes to the Abbreviated Accounts for the period ended 30 September 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 is based on sales of goods and services exclusive of Value Added Tax where applicable.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided so as to write off the cost of fixed assets less their estimated residual value over their anticipated useful lives at the following rates:-

Fixtures, fittings and equipment - 25% on reducing balance basis

2Tangible fixed assets

	£
Cost
At 1 October 2013	47,607
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	47,607
Depreciation
At 1 October 2013	13,574
Charge for the year	6,807
On disposals	-
At 30 September 2014	20,381
Net book values
At 30 September 2014	27,226
At 30 September 2013	34,033

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

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000