Paris Jewellers Limited - Abbreviated accounts

Registered number

05155346

Paris Jewellers Limited

Abbreviated Accounts

30 June 2016

Paris Jewellers Limited
Registered number:		05155346
Abbreviated Balance Sheet
as at 30 June 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		180			222

Current assets
Stocks		51,250			44,980
Cash at bank and in hand		60,533			53,593
		111,783			98,573

Creditors: amounts falling due within one year		(40,632)			(37,832)

Net current assets			71,151			60,741

Total assets less current liabilities			71,331			60,963


Provisions for liabilities			(14)			(19)


Net assets			71,317			60,944

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			71,217			60,844

Shareholders' funds			71,317			60,944

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.




Mr Tarique Raza Javed
Director
Approved by the board on 5 October 2016

Paris Jewellers Limited
Notes to the Abbreviated Accounts
for the year ended 30 June 2016

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Fixtures and fittings			15% reducing balance
	Plant and machinery			25% reducing balance

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 1 July 2015					11,183
	At 30 June 2016					11,183

	Depreciation
	At 1 July 2015					10,961
	Charge for the year					42
	At 30 June 2016					11,003

	Net book value
	At 30 June 2016					180
	At 30 June 2015					222


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100