P_H_WEDDING_RINGS_LIMITED - Accounts

P H WEDDING RINGS LIMITED - Company Information

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Company Registration No. 02495517 (England and Wales)

P H WEDDING RINGS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

Taylor Associates

Chartered Accountants

P H WEDDING RINGS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

P H WEDDING RINGS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

93,545

105,096

Current assets

Stocks

10,213

12,023

Debtors

109,214

122,620

Cash at bank and in hand

63,679

25,635

183,106

160,278

Creditors: amounts falling due within one year

(285,784)

(195,351)

Net current liabilities

(102,678)

(35,073)

Total assets less current liabilities

(9,133)

70,023

Creditors: amounts falling due after more than one year

(23,623)

Provisions for liabilities

(21,011)

(19,055)

(30,144)

27,345

Capital and reserves

Called up share capital

1,000

Profit and loss account

(31,144)

26,345

Shareholders' funds

(30,144)

27,345

P H WEDDING RINGS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 SEPTEMBER 2014

- 2 -

For the financial year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 June 2015

Mr G Sinclair

Mr H Sinclair

Director

Company Registration No. 02495517

P H WEDDING RINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The accounts have been prepared on a going concern basis which is dependent on the continued support of the directors and other creditors.

1.2

Compliance with accounting standards

The accounts have been prepared in accordance with applicable accounting standards.

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

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:

Land and buildings Leasehold

No depreciation

Plant and machinery

10% reducing balance

Fixtures, fittings & equipment

5 years straight line

Fixed assets

Tangible assets

Cost

At 1 October 2013

494,563

Additions

339

At 30 September 2014

494,902

Depreciation

At 1 October 2013

389,468

Charge for the year

11,889

At 30 September 2014

401,357

Net book value

At 30 September 2014

93,545

At 30 September 2013

105,096

P H WEDDING RINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 4 -

Share capital

2014

2013

Allotted, called up and fully paid

1,000 Ordinary Shares of £1 each

1,000