Ian Rigby Jewellers Limited - Abbreviated accounts 16.1

Ian Rigby Jewellers Limited - Abbreviated accounts 16.1


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REGISTERED NUMBER: 06321983 (England and Wales)















IAN RIGBY JEWELLERS LIMITED

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016






IAN RIGBY JEWELLERS LIMITED (REGISTERED NUMBER: 06321983)

Contents of the Abbreviated Accounts
for the Year Ended 30 April 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

IAN RIGBY JEWELLERS LIMITED

Company Information
for the Year Ended 30 April 2016







DIRECTOR: I W G Rigby





SECRETARY: I W G Rigby





REGISTERED OFFICE: Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB





REGISTERED NUMBER: 06321983 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

IAN RIGBY JEWELLERS LIMITED (REGISTERED NUMBER: 06321983)

Abbreviated Balance Sheet
30 April 2016

30.4.16 30.4.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 5,002 7,503
Tangible assets 3 6,055 8,003
11,057 15,506

CURRENT ASSETS
Stocks 64,976 67,018
Debtors 4,594 4,717
Cash at bank and in hand 20,169 19,476
89,739 91,211
CREDITORS
Amounts falling due within one year 24,318 28,950
NET CURRENT ASSETS 65,421 62,261
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,478

77,767

CREDITORS
Amounts falling due after more than one
year

(60,338

)

(60,290

)

PROVISIONS FOR LIABILITIES (698 ) (874 )
NET ASSETS 15,442 16,603

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 15,440 16,601
SHAREHOLDERS' FUNDS 15,442 16,603

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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.

IAN RIGBY JEWELLERS LIMITED (REGISTERED NUMBER: 06321983)

Abbreviated Balance Sheet - continued
30 April 2016


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 30 August 2016 and were signed by:





I W G Rigby - Director


IAN RIGBY JEWELLERS LIMITED (REGISTERED NUMBER: 06321983)

Notes to the Abbreviated Accounts
for the Year Ended 30 April 2016


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 January 2015).

Turnover
Turnover represents sales of goods net of value added tax. Turnover is recognised when the goods are physically
received by the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 10% on cost
Fixtures and fittings - 10% on cost

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.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 May 2015
and 30 April 2016 25,011
AMORTISATION
At 1 May 2015 17,508
Amortisation for year 2,501
At 30 April 2016 20,009
NET BOOK VALUE

At 30 April 2016 5,002
At 30 April 2015 7,503

IAN RIGBY JEWELLERS LIMITED (REGISTERED NUMBER: 06321983)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 April 2016


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 May 2015
and 30 April 2016 19,480
DEPRECIATION
At 1 May 2015 11,477
Charge for year 1,948
At 30 April 2016 13,425
NET BOOK VALUE
At 30 April 2016 6,055
At 30 April 2015 8,003

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.16 30.4.15
value: £    £   
1,000 Ordinary £1 2 2