Allums Jewellers Ltd - Limited company - abbreviated - 11.6

Allums Jewellers Ltd - Limited company - abbreviated - 11.6

ALLUMS JEWELLERS LTD - Company Information

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REGISTERED NUMBER: 05024709 (England and Wales)












ALLUMS JEWELLERS LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014





Wallace Crooke Walsall Limited
Chartered Accountants
Wallace House
20 Birmingham Road
Walsall
West Midlands
WS1 2LT








ALLUMS JEWELLERS LTD (REGISTERED NUMBER: 05024709)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 30 JUNE 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

ALLUMS JEWELLERS LTD

COMPANY INFORMATION
for the Year Ended 30 JUNE 2014







DIRECTOR: Mr A W Gordon





REGISTERED OFFICE: Wallace Crooke
20 Birmingham Road
Walsall
West Midlands
WS1 2LT





REGISTERED NUMBER: 05024709 (England and Wales)





ACCOUNTANTS: Wallace Crooke Walsall Limited
Chartered Accountants
Wallace House
20 Birmingham Road
Walsall
West Midlands
WS1 2LT
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ALLUMS JEWELLERS LTD (REGISTERED NUMBER: 05024709)

ABBREVIATED BALANCE SHEET
30 JUNE 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 130,113 136,789
130,113 136,789

CURRENT ASSETS
Stocks 178,124 177,677
Debtors 1,310 -
Cash in hand 645 645
180,079 178,322
CREDITORS
Amounts falling due within one year 233,303 229,692
NET CURRENT LIABILITIES (53,224 ) (51,370 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
76,889
85,419

CREDITORS
Amounts falling due after more than one
year
4
49,953
57,796
NET ASSETS 26,936 27,623

CAPITAL AND RESERVES
Called up share capital 5 1,000 1,000
Profit and loss account 25,936 26,623
SHAREHOLDERS' FUNDS 26,936 27,623

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 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 notes form part of these abbreviated accounts

-2- continued...
ALLUMS JEWELLERS LTD (REGISTERED NUMBER: 05024709)

ABBREVIATED BALANCE SHEET - continued
30 JUNE 2014


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 director on 25 March 2015 and were signed by:





Mr A W Gordon - Director


The notes form part of these abbreviated accounts

-3-
ALLUMS JEWELLERS LTD (REGISTERED NUMBER: 05024709)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 30 JUNE 2014

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 0, 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 - 25% on cost
Fixtures and fittings - 25% on cost

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

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis
over the period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2013
and 30 June 2014 77,500
AMORTISATION
At 1 July 2013
and 30 June 2014 77,500
NET BOOK VALUE

At 30 June 2014 -
At 30 June 2013 -

-4- continued...
ALLUMS JEWELLERS LTD (REGISTERED NUMBER: 05024709)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 30 JUNE 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2013 182,459
Additions 3,957
At 30 June 2014 186,416
DEPRECIATION
At 1 July 2013 45,670
Charge for year 10,633
At 30 June 2014 56,303
NET BOOK VALUE
At 30 June 2014 130,113
At 30 June 2013 136,789

4. CREDITORS

Creditors include the following debts falling due in more than five years:

2014 2013
£    £   
Repayable by instalments 7,689 15,532

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
1,000 Ordinary £1 1,000 1,000

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