Accounts filed on 31-12-2014

trueAGKM Limited Trading as WESTERN JEWELLERS AND SILK EMPORIUM042857042014-12-3116538317761719038320261725000250001903832026177679678167589583501019375708941759755506998460792121593912205474296042280113858011485043439929763249409259620249409259620Basis of accounting 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 The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion. Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Hire purchase agreements Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis. Operating lease agreements Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease. Pension costs The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account. Fixed Assets All fixed assets are initially recorded at cost. Financial Instruments Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.Fixtures & Fittings25% on straight line0.0000Motor Vehicles25% on straight line0.0000Equipment25% on straight line0.0000341723341723923148210310211341723341723923148210310211Ordinary5000015000050000Ordinary12500025000250002015-09-24Mr.V. Sivasundramtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureAGKM Limited Trading as WESTERN JEWELLERS AND SILK EMPORIUM2014-01-012014-12-31AGKM Limited Trading as WESTERN JEWELLERS AND SILK EMPORIUM2013-01-012013-12-31AGKM Limited Trading as WESTERN JEWELLERS AND SILK EMPORIUM2012-12-31AGKM Limited Trading as WESTERN JEWELLERS AND SILK EMPORIUM2013-12-31AGKM Limited Trading as WESTERN JEWELLERS AND SILK EMPORIUM2013-12-31AGKM Limited Trading as WESTERN JEWELLERS AND SILK EMPORIUM2014-12-31 2015-09-25