R_&_D_JEWELLERS_LIMITED - Accounts

R & D JEWELLERS LIMITED - Company Information

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Company Registration No. 08715380 (England and Wales)

R & D JEWELLERS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2015

R & D JEWELLERS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

R & D JEWELLERS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

2,791

3,284

Current assets

Stocks

162,846

228,426

Debtors

7,708

513

Cash at bank and in hand

296

725

170,850

229,664

Creditors: amounts falling due within one year

(190,297)

(248,555)

Net current liabilities

(19,447)

(18,891)

Total assets less current liabilities

(16,656)

(15,607)

Capital and reserves

Called up share capital

100

Profit and loss account

(16,756)

(15,707)

Shareholder's funds

(16,656)

(15,607)

For the financial year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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 4 March 2016

Mr A Harding

Director

Company Registration No. 08715380

R & D JEWELLERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

- 2 -

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).

These financial statements have been prepared on the assumption that the company will continue in operational existence for the forseeable future.

The validity of the assumption depends on the continuing support of the company's director and creditors.

If the company were unable to continue in existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet value of assets to their recoverable amounts, to reclassify fixed assets as current assets and long term liabilities as current liabilities, and to provide for further liabilities which might arise.

1.2

Compliance with accounting standards

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).

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:

Fixtures, fittings & equipment

15% reducing balance

Fixed assets

Tangible assets

Cost

At 1 November 2014 & at 31 October 2015

3,863

Depreciation

At 1 November 2014

579

Charge for the period

493

At 31 October 2015

1,072

Net book value

At 31 October 2015

2,791

At 31 October 2014

3,284

R & D JEWELLERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100