Sant Jewellers & Sons Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03410663 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2014

for

Sant Jewellers & Sons Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

V Kumar

REGISTERED OFFICE:

28 Alfred Street

Southampton

Hampshire

SO14 0NA

REGISTERED NUMBER:

03410663 (England and Wales)

ACCOUNTANTS:

Basra & Basra

Chartered Accountants

9 London Road

Southampton

Hampshire

SO15 2AE

FIXED ASSETS

Tangible assets

2

4,507

5,440

CURRENT ASSETS

Stocks

130,031

119,188

Debtors

2,781

94

Cash at bank and in hand

8,294

6,808

141,106

126,090

CREDITORS

Amounts falling due within one year

132,394

135,247

NET CURRENT ASSETS/(LIABILITIES)

8,712

(9,157

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,219

(3,717

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

13,217

(3,719

)

SHAREHOLDERS' FUNDS

13,219

(3,717

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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 22 September 2014 and were signed by:

V Kumar - 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.

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 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.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

8,832

Additions

570

At 31 March 2014

9,402

DEPRECIATION

At 1 April 2013

3,392

Charge for year

1,503

At 31 March 2014

4,895

NET BOOK VALUE

At 31 March 2014

4,507

At 31 March 2013

5,440

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

4.	ULTIMATE CONTROLLING PARTY