Abbreviated Company Accounts - LINX JEWELLERS LIMITED

LINX JEWELLERS LIMITED - Company Information

03494822 LINX JEWELLERS LIMITED 2014-04-30 false 2013-05-01 2014-04-30 true 03494822 2013-05-01 2014-04-30 03494822 2014-04-30 03494822 2013-04-30 03494822 uk-gaap-cd-bus:Director1 2013-05-01 2014-04-30 03494822 uk-gaap-cd-bus:Director2 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-30 iso4217:GBP shares

Registered Number 03494822

LINX JEWELLERS LIMITED

Abbreviated Accounts

30 April 2014

LINX JEWELLERS LIMITED Registered Number 03494822

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	120,948	128,764
		120,948	128,764
Current assets
Stocks		123,910	121,205
Debtors		267,866	391,298
Cash at bank and in hand		362,198	178,372
		753,974	690,875
Creditors: amounts falling due within one year		(102,258)	(96,050)
Net current assets (liabilities)		651,716	594,825
Total assets less current liabilities		772,664	723,589
Provisions for liabilities		(7,850)	(8,669)
Total net assets (liabilities)		764,814	714,920
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		764,812	714,918
Shareholders' funds		764,814	714,920

For the year ending 30 April 2014 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 3 December 2014

And signed on their behalf by:
A HOLLINGWORTH, Director
P HOLLINGWORTH, Director

LINX JEWELLERS LIMITED Registered Number 03494822

Notes to the Abbreviated Accounts for the period ended 30 April 2014

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 represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold Straight line over 50 years
Plant and machinery 15% Reducing balance
Computer equipment 20% Straight line
Fixtures, fittings & equipment 20% Reducing balance
Motor vehicles 25% Reducing balance
No depreciation is provided in respect of land.

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value.

Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

2Tangible fixed assets

	£
Cost
At 1 May 2013	222,328
Additions	5,245
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	227,573
Depreciation
At 1 May 2013	93,564
Charge for the year	13,061
On disposals	-
At 30 April 2014	106,625
Net book values
At 30 April 2014	120,948
At 30 April 2013	128,764

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

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2