Cornerstone Jewellers (Bolsover) Limited - Accounts to registrar (filleted) - small 18.2
Cornerstone Jewellers (Bolsover) Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
CORNERSTONE JEWELLERS (BOLSOVER) LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2018 |
CORNERSTONE JEWELLERS (BOLSOVER) LIMITED (REGISTERED NUMBER: 07313968) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
CORNERSTONE JEWELLERS (BOLSOVER) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JULY 2018 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
CORNERSTONE JEWELLERS (BOLSOVER) LIMITED (REGISTERED NUMBER: 07313968) |
BALANCE SHEET |
31 JULY 2018 |
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
CORNERSTONE JEWELLERS (BOLSOVER) LIMITED (REGISTERED NUMBER: 07313968) |
BALANCE SHEET - continued |
31 JULY 2018 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on by: |
CORNERSTONE JEWELLERS (BOLSOVER) LIMITED (REGISTERED NUMBER: 07313968) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2018 |
1. | STATUTORY INFORMATION |
Cornerstone Jewellers (Bolsover) Limited is a |
Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
CORNERSTONE JEWELLERS (BOLSOVER) LIMITED (REGISTERED NUMBER: 07313968) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2018 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 August 2017 |
and 31 July 2018 |
DEPRECIATION |
At 1 August 2017 |
Charge for year |
At 31 July 2018 |
NET BOOK VALUE |
At 31 July 2018 |
At 31 July 2017 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans |
None of the amounts due after more than one year are due after more than five years. |
8. | CONTROLLING PARTY |
The company is controlled by the directors who own 100% of the issued share capital. |
CORNERSTONE JEWELLERS (BOLSOVER) LIMITED (REGISTERED NUMBER: 07313968) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2018 |
9. | GOING CONCERN |
The financial statements have been prepared on the going concern basis, notwithstanding net liabilities of |
£22,609 (£23,798 - 2017) which the directors believe to be appropriate for the following reasons. The company |
is dependent for its working capital on funds provided to it by the directors and the support of the bank. The |
directors will continue to provide the company with an undertaking that for at least 12 months from the date of |
approval of these financial statements and will not seek repayment of the amounts currently made available. This |
should enable the company to continue in operational existence for the foreseeable future by meeting its |
liabilities as they fall due for payment. |
Based on this assurance the directors believe that it remains appropriate to prepare the financial statements on a |
going concern basis. The financial statements do not include any adjustments that would result from the basis of |
preparation being inappropriate. |