Gavin Mack Jewellery Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04853600 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Gavin Mack Jewellery Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G A Mack

SECRETARY:

REGISTERED OFFICE:

98 Spencer Street

Hockley

Birmingham

West Midlands

B18 6DB

REGISTERED NUMBER:

04853600 (England and Wales)

ACCOUNTANTS:

Adapt Accounatncy and Bookeeping Ltd

Ground Floor Front

98 Spencer Street

Hockley

Birmingham

West Midlands

B18 6DB

FIXED ASSETS

Tangible assets

2

2,425

2,703

CURRENT ASSETS

Stocks

8,492

8,690

Debtors

27,941

14,244

Cash at bank and in hand

138,996

145,396

175,429

168,330

CREDITORS

Amounts falling due within one year

36,004

49,794

NET CURRENT ASSETS

139,425

118,536

TOTAL ASSETS LESS CURRENT LIABILITIES

141,850

121,239

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

141,750

121,139

SHAREHOLDERS' FUNDS

141,850

121,239

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 19 October 2015 and were signed by:

G A Mack - 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 etc

-

33% on reducing balance and 15% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

6,511

Additions

567

At 31 March 2015

7,078

DEPRECIATION

At 1 April 2014

3,808

Charge for year

845

At 31 March 2015

4,653

NET BOOK VALUE

At 31 March 2015

2,425

At 31 March 2014

2,703

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100