Mayfair Jewellery (Birmingham) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03757573 (England and Wales)

Abbreviated Accounts

for the Year Ended

30 April 2014

for

Mayfair Jewellery (Birmingham) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M R Sierp

Ms A Allen

SECRETARY:

Mrs J L Sierp

REGISTERED OFFICE:

1st Floor

10 Warstone Mews

Hockley

Birmingham

West Midlands

B18 6JB

REGISTERED NUMBER:

03757573 (England and Wales)

ACCOUNTANTS:

Godfrey Mansell & Co

Hales Court

Stourbridge Road

Halesowen

West Midlands

B63 3TT

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

2,936

3,915

2,936

3,915

CURRENT ASSETS

Stocks

391,916

416,735

Debtors

10,745

13,051

402,661

429,786

CREDITORS

Amounts falling due within one year

259,770

289,296

NET CURRENT ASSETS

142,891

140,490

TOTAL ASSETS LESS CURRENT LIABILITIES

145,827

144,405

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

144,827

143,405

SHAREHOLDERS' FUNDS

145,827

144,405

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 9 January 2015 and were signed on its behalf by:

M R Sierp - 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of five years.

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

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

moving items.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

12,500

AMORTISATION

At 1 May 2013

and 30 April 2014

12,500

NET BOOK VALUE

At 30 April 2014

-

At 30 April 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

62,457

DEPRECIATION

At 1 May 2013

58,542

Charge for year

979

At 30 April 2014

59,521

NET BOOK VALUE

At 30 April 2014

2,936

At 30 April 2013

3,915

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,000

Ordinary

£1

1,000

1,000