SABRE_JEWELLERY_LIMITED - Accounts

SABRE JEWELLERY LIMITED - Company Information

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Company Registration No. 02813603 (England and Wales)

SABRE JEWELLERY LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

SABRE JEWELLERY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SABRE JEWELLERY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

16,639

22,903

Current assets

Stocks

413,994

964,314

Debtors

360,198

983,235

Cash at bank and in hand

180,667

672,896

954,859

2,620,445

Creditors: amounts falling due within one year

(454,682)

(1,870,351)

Net current assets

500,177

750,094

Total assets less current liabilities

516,816

772,997

Provisions for liabilities

(4,581)

516,816

768,416

Capital and reserves

Called up share capital

100

Profit and loss account

516,716

768,316

Shareholders' funds

516,816

768,416

For the financial year ended 30 April 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 19 January 2015

P R Marcus

Director

Company Registration No. 02813603

SABRE JEWELLERY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

Tangible fixed assets and depreciation

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:

Plant and machinery

15% straight line;

Computer equipment

33% straight line;

Fixtures, fittings & equipment

15% straight line.

1.5

Stock

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

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 May 2013

46,349

Additions

2,767

At 30 April 2014

49,116

Depreciation

At 1 May 2013

23,446

Charge for the year

9,031

At 30 April 2014

32,477

Net book value

At 30 April 2014

16,639

At 30 April 2013

22,903

SABRE JEWELLERY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Related party relationships and transactions

Other transactions

Included within other creditors is an amount of £78,700 (2013 - £355,527) which is due to the directors P Marcus and C Marcus.

Included in other creditors are amounts owing to Marcus Investments Limited of £15,399 (2013 - £16,442) and Goldknox Limited £201,727 (2013 - £497,482) both companies in which the directors have a beneficial interest.

Included in other debtors are amounts owing from Sage Estates Limited of £126,547 (2013 - £124,207), Great Hampton Works Limited of £167,050 (2013 - £151,041) and Kingdom Estates Limited of £nil (2013 - £90,159) all are companies in which the directors have a beneficial interest.