Jon Dibben Jewellery Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03463384 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2014

FOR

JON DIBBEN JEWELLERY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J K Dibben

P S Dibben

SECRETARY:

P S Dibben

REGISTERED OFFICE:

40A Smithbrook Kilns

Cranleigh

Surrey

GU6 8JJ

REGISTERED NUMBER:

03463384 (England and Wales)

FIXED ASSETS

Tangible assets

2

19,069

23,636

CURRENT ASSETS

Stocks

105,228

155,068

Debtors

31,038

5,329

Cash at bank and in hand

64,335

21

200,601

160,418

CREDITORS

Amounts falling due within one year

60,401

83,427

NET CURRENT ASSETS

140,200

76,991

TOTAL ASSETS LESS CURRENT LIABILITIES

159,269

100,627

CREDITORS

Amounts falling due after more than one year

87,206

86,794

NET ASSETS

72,063

13,833

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

71,063

12,833

SHAREHOLDERS' FUNDS

72,063

13,833

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors on 28 October 2014 and were signed on its behalf by:

J K Dibben - Director

P S Dibben - Director

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 April 2008).

Turnover

Turnover represents the manufacture and retail of jewellery, excluding value added tax, sold during the year.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance and 20% on cost

Computer equipment

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2013

87,879

Additions

6,519

At 31 January 2014

94,398

DEPRECIATION

At 1 February 2013

64,243

Charge for year

11,086

At 31 January 2014

75,329

NET BOOK VALUE

At 31 January 2014

19,069

At 31 January 2013

23,636

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,000

Ordinary

£1

1,000

1,000

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 January 2014, P S Dibben had loaned the company £5,637 (2013 - £15,123). Interest has been charged

on the loan and it is repayable upon demand.

As at 31 January 2014, J K Dibben had loaned the company £nil (2013- £8,978). Interest has been charged on

the loan and it is repayable upon demand.

5.	ULTIMATE CONTROLLING PARTY

J K Dibben is the ultimate controlling party by virtue of his controlling shareholding in the company.

6.	CONTINGENT ASSET

The company is in negotiations with its insurers in respect of a business interruption claim.