Allums Jewellers Ltd - Abbreviated accounts 16.3

Allums Jewellers Ltd - Abbreviated accounts 16.3

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 2016





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 2016




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 2016







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 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 130,370 131,424
130,370 131,424

CURRENT ASSETS
Stocks 183,817 178,463
Debtors 892 1,334
Cash in hand 645 4,179
185,354 183,976
CREDITORS
Amounts falling due within one year 84,335 93,187
NET CURRENT ASSETS 101,019 90,789
TOTAL ASSETS LESS CURRENT
LIABILITIES
231,389
222,213

CREDITORS
Amounts falling due after more than one
year
211,116
190,744
NET ASSETS 20,273 31,469

CAPITAL AND RESERVES
Called up share capital 4 1,000 1,000
Profit and loss account 19,273 30,469
SHAREHOLDERS' FUNDS 20,273 31,469

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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

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ALLUMS JEWELLERS LTD (REGISTERED NUMBER: 05024709)

ABBREVIATED BALANCE SHEET - continued
30 JUNE 2016


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 3 March 2017 and were signed by:





Mr A W Gordon - Director


The notes form part of these abbreviated accounts

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ALLUMS JEWELLERS LTD (REGISTERED NUMBER: 05024709)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 30 JUNE 2016

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 January 2015).

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, is being amortised
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
Computer equipment - 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 2015
and 30 June 2016 77,500
AMORTISATION
At 1 July 2015
and 30 June 2016 77,500
NET BOOK VALUE

At 30 June 2016 -
At 30 June 2015 -

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

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 30 JUNE 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2015 190,309
Additions 188
At 30 June 2016 190,497
DEPRECIATION
At 1 July 2015 58,885
Charge for year 1,242
At 30 June 2016 60,127
NET BOOK VALUE
At 30 June 2016 130,370
At 30 June 2015 131,424

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1,000 Ordinary £1 1,000 1,000

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