Abbreviated Company Accounts - DAVIES JEWELLERS LIMITED

DAVIES JEWELLERS LIMITED - Company Information

03777668 DAVIES JEWELLERS LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 03777668 2014-07-01 2015-06-30 03777668 2015-06-30 03777668 2014-06-30 03777668 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 03777668 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 iso4217:GBP shares

Registered Number 03777668

DAVIES JEWELLERS LIMITED

Abbreviated Accounts

30 June 2015

DAVIES JEWELLERS LIMITED Registered Number 03777668

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	18,743	24,640
		18,743	24,640
Current assets
Stocks		72,896	91,540
Debtors		167	661
Cash at bank and in hand		96,799	91,090
		169,862	183,291
Creditors: amounts falling due within one year	3	(65,991)	(91,276)
Net current assets (liabilities)		103,871	92,015
Total assets less current liabilities		122,614	116,655
Creditors: amounts falling due after more than one year	3	(11,483)	(14,495)
Total net assets (liabilities)		111,131	102,160
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		111,129	102,158
Shareholders' funds		111,131	102,160

For the year ending 30 June 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 15 March 2016

And signed on their behalf by:
M Richmond Davies, Director

DAVIES JEWELLERS LIMITED Registered Number 03777668

Notes to the Abbreviated Accounts for the period ended 30 June 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for jewellery net of vat.

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:
Leasehold Property Improvements over the life of the primary lease
Fixtures, fittings and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Valuation information and policy
Stock is stated at the lower of cost and net realisable value.

Other accounting policies
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. Deferred tax balances are not discounted.

2Tangible fixed assets

	£
Cost
At 1 July 2014	78,065
Additions	351
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	78,416
Depreciation
At 1 July 2014	53,425
Charge for the year	6,248
On disposals	-
At 30 June 2015	59,673
Net book values
At 30 June 2015	18,743
At 30 June 2014	24,640

3Creditors

	2015 £	2014 £
Secured Debts	14,495	17,507

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2