Calibre Gems & Jewellery Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07486606 (England and Wales)

Financial Statements for the Year Ended 31 January 2018

for

Calibre Gems & Jewellery Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

S Khan

SECRETARY:

REGISTERED OFFICE:

36 Queens Road

Newbury

Berkshire

RG14 7NE

REGISTERED NUMBER:

07486606 (England and Wales)

ACCOUNTANTS:

Accounting & Taxation Centre

36 Queens Road

Newbury

Berkshire

RG14 7NE

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

208

278

208

278

CURRENT ASSETS

Inventories

204,275

213,625

Debtors

111,520

143,921

Cash at bank and in hand

114,136

109,216

429,931

466,762

CREDITORS

Amounts falling due within one year

310,507

416,929

NET CURRENT ASSETS

119,424

49,833

TOTAL ASSETS LESS CURRENT LIABILITIES

119,632

50,111

CAPITAL AND RESERVES

Called up share capital

200

100

Retained earnings

119,432

50,011

SHAREHOLDERS' FUNDS

119,632

50,111

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Statement of Financial Position for the year ended 31 January 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 30 October 2018 and were signed by:

S Khan - Director

1.	STATUTORY INFORMATION

Calibre Gems & Jewellery Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of four years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2017

and 31 January 2018

9,600

AMORTISATION

At 1 February 2017

and 31 January 2018

9,600

NET BOOK VALUE

At 31 January 2018

-

At 31 January 2017

-

5.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 February 2017

and 31 January 2018

571

DEPRECIATION

At 1 February 2017

293

Charge for year

70

At 31 January 2018

363

NET BOOK VALUE

At 31 January 2018

208

At 31 January 2017

278