Abbreviated Company Accounts - KNIGHTBRIDGE WATCH AND JEWELLERS LTD

KNIGHTBRIDGE WATCH AND JEWELLERS LTD - Company Information

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Registered Number 07759776

KNIGHTBRIDGE WATCH AND JEWELLERS LTD

Abbreviated Accounts

30 September 2016

KNIGHTBRIDGE WATCH AND JEWELLERS LTD Registered Number 07759776

Abbreviated Balance Sheet as at 30 September 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	18,602	22,720
		18,602	22,720
Current assets
Stocks		511,850	479,750
Debtors		223,509	116,875
Cash at bank and in hand		-	358
		735,359	596,983
Creditors: amounts falling due within one year		(211,695)	(129,879)
Net current assets (liabilities)		523,664	467,104
Total assets less current liabilities		542,266	489,824
Creditors: amounts falling due after more than one year		(541,000)	(541,000)
Total net assets (liabilities)		1,266	(51,176)
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		266	(52,176)
Shareholders' funds		1,266	(51,176)

For the year ending 30 September 2016 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 June 2017

And signed on their behalf by:
A Al-Shiekh, Director

KNIGHTBRIDGE WATCH AND JEWELLERS LTD Registered Number 07759776

Notes to the Abbreviated Accounts for the period ended 30 September 2016

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 is based on sales of goods and services exclusive of Value Added Tax where applicable.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided so as to write off the cost of fixed assets less their estimated residual value over their anticipated useful lives at the following rates:-

Fixtures, fittings and equipment - 25% on reducing balance basis

2Tangible fixed assets

	£
Cost
At 1 October 2015	48,780
Additions	532
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2016	49,312
Depreciation
At 1 October 2015	26,060
Charge for the year	4,650
On disposals	-
At 30 September 2016	30,710
Net book values
At 30 September 2016	18,602
At 30 September 2015	22,720

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000