Abbreviated Company Accounts - ALBION FINE JEWELLERY LIMITED

ALBION FINE JEWELLERY LIMITED - Company Information

06038891 ALBION FINE JEWELLERY LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 06038891 2014-04-01 2015-03-31 06038891 2015-03-31 06038891 2014-03-31 06038891 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 06038891 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 06038891

ALBION FINE JEWELLERY LIMITED

Abbreviated Accounts

31 March 2015

ALBION FINE JEWELLERY LIMITED Registered Number 06038891

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	651	223
		651	223
Current assets
Stocks		56,470	130,125
Debtors		398,841	349,504
Cash at bank and in hand		4,928	39,946
		460,239	519,575
Creditors: amounts falling due within one year		(642,831)	(765,024)
Net current assets (liabilities)		(182,592)	(245,449)
Total assets less current liabilities		(181,941)	(245,226)
Total net assets (liabilities)		(181,941)	(245,226)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(182,041)	(245,326)
Shareholders' funds		(181,941)	(245,226)

For the year ending 31 March 2015 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 2 February 2016

And signed on their behalf by:
Mr C M Bassett, Director

ALBION FINE JEWELLERY LIMITED Registered Number 06038891

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 company meets its day to day working capital requirements through a loans from the related party LMG Jewellery Limited, which have no fixed repayment date. The director of this related company has agreed not to demand repayment of these loans within the foreseeable future. On the basis of this continuing support, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of these loan facilities.

The financial statements are prepared in accordance with applicable United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied
consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods net of VAT and is recognised at the point of sale.

Tangible assets depreciation policy
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:

Fixtures, fittings & equipment - 20% per annum straight line
Motor vehicles - 20% per annum straight line

2Tangible fixed assets

	£
Cost
At 1 April 2014	594
Additions	683
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	1,277
Depreciation
At 1 April 2014	371
Charge for the year	255
On disposals	-
At 31 March 2015	626
Net book values
At 31 March 2015	651
At 31 March 2014	223

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

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100