Jewells Limited - Accounts to registrar - small 17.2
Jewells Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016 |
| FOR |
| JEWELLS LIMITED |
| JEWELLS LIMITED (REGISTERED NUMBER: 08165039) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| JEWELLS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2016 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| St. John's House, |
| Castle Street, |
| Taunton |
| Somerset |
| TA1 4AY |
| JEWELLS LIMITED (REGISTERED NUMBER: 08165039) |
| BALANCE SHEET |
| 31 DECEMBER 2016 |
| 31.12.16 | 31.12.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 6 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| JEWELLS LIMITED (REGISTERED NUMBER: 08165039) |
| BALANCE SHEET - continued |
| 31 DECEMBER 2016 |
| The financial statements were approved by the director on |
| JEWELLS LIMITED (REGISTERED NUMBER: 08165039) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2016 |
| 1. | STATUTORY INFORMATION |
| Jewells Limited is a |
| number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added |
| tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent |
| that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively |
| enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in |
| which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted |
| or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be |
| recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Government grants |
| Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit |
| and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the |
| profit and loss account as the related expenditure is incurred. |
| Going concern |
| The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependant |
| upon the continued support of the director who has undertaken to provide such support for the foreseeable future. |
| If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their |
| recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and |
| long term liabilities as current assets. |
| JEWELLS LIMITED (REGISTERED NUMBER: 08165039) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2016 |
| 3. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 January 2016 |
| Disposals | ( |
) |
| At 31 December 2016 |
| DEPRECIATION |
| At 1 January 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 December 2016 |
| NET BOOK VALUE |
| At 31 December 2016 |
| At 31 December 2015 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.16 | 31.12.15 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.16 | 31.12.15 |
| £ | £ |
| Trade creditors |
| Other creditors |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.12.16 | 31.12.15 |
| £ | £ |
| Other creditors |
| JEWELLS LIMITED (REGISTERED NUMBER: 08165039) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2016 |
| 7. | RELATED PARTY DISCLOSURES |
| Mutual director with Jewells Limited |
| During the period Jewells Limited incurred costs of £66,390 (PY: £70,791) with Hemyock Engineering Services Limited. |
| This was included in the profit and loss account as Consultancy £65,921 (PY: £65,947) and Repairs £469 (PY: £4,844). No |
| amounts were outstanding at the period end. |
| Mutual director with Jewells Limited |
| A loan is included as an other debtor within these accounts of £35,000 extended to Devon Green and Blue Limited and was |
| outstanding at the year end.This loan was extended on normal commercial terms and is repayable on demand. |
| Mutual director with Jewells Limited |
| Shareholder of Jewells Limited |
| During the 31.12.13 accounting period G B Partners Ltd lent Jewells Limited £169,985. Total repayments have amounted |
| to £150,000, being £70,000 repaid this year (Prior year: £80,000). Therefore the balance at the year end stands at £19,985. |
| No interest is charged on the loan. A fee of £10,015 becomes due on 01/04/2017. |
| Mutual director with Jewells Limited |