Registered Number 04759691
HENRY D JOHNSTONE JEWELLERS LIMITED
Abbreviated Accounts
30 March 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 4 |
( |
( |
Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | 4 |
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( |
Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 5 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Leasehold properties - Straight Line over the life of the lease
Other tangible assets - 25% reducing balance
Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 12 years.
Other accounting policies
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Stock
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
£ | |
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Cost | |
At 31 March 2014 |
|
Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 March 2015 |
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Amortisation | |
At 31 March 2014 |
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Charge for the year |
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On disposals |
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At 30 March 2015 |
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Net book values | |
At 30 March 2015 | 4,321 |
At 30 March 2014 | 11,721 |
£ | |
---|---|
Cost | |
At 31 March 2014 |
|
Additions |
|
Disposals |
( |
Revaluations |
|
Transfers |
|
At 30 March 2015 |
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Depreciation | |
At 31 March 2014 |
|
Charge for the year |
|
On disposals |
( |
At 30 March 2015 |
|
Net book values | |
At 30 March 2015 | 15,772 |
At 30 March 2014 | 19,976 |
2015
£ |
2014
£ |
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Secured Debts |
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