Ortons Jewellery Ltd
|
Registered number: |
05758724
|
Abbreviated Balance Sheet |
as at 31 March 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Intangible assets |
2 |
|
|
20,000 |
|
|
20,000 |
Tangible assets |
3 |
|
|
9,844 |
|
|
5,896 |
|
|
|
|
29,844 |
|
|
25,896 |
|
Current assets |
Stocks |
|
|
107,970 |
|
|
105,770 |
Debtors |
|
|
3,711 |
|
|
4,120 |
Cash at bank and in hand |
|
|
1,340 |
|
|
16,698 |
|
|
|
113,021 |
|
|
126,588 |
|
Creditors: amounts falling due within one year |
|
|
(97,006) |
|
|
(89,083) |
|
Net current assets |
|
|
|
16,015 |
|
|
37,505 |
|
Total assets less current liabilities |
|
|
|
45,859 |
|
|
63,401 |
|
Creditors: amounts falling due after more than one year |
|
|
|
- |
|
|
(7,112) |
|
|
|
Net assets |
|
|
|
45,859 |
|
|
56,289 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
1,000 |
|
|
1,000 |
Profit and loss account |
|
|
|
44,859 |
|
|
55,289 |
|
Shareholders' funds |
|
|
|
45,859 |
|
|
56,289 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
L Orton |
Director |
Approved by the board on 8 June 2016
|
|
Ortons Jewellery Ltd
|
Notes to the Abbreviated Accounts |
for the year ended 31 March 2016
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% Reducing Balance
|
|
Fixtures and fittings |
15% Reducing Balance |
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
20,000 |
|
At 31 March 2016 |
20,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 31 March 2016 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
20,000 |
|
At 31 March 2015 |
20,000 |
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
21,320 |
|
Additions |
5,743 |
|
At 31 March 2016 |
27,063 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2015 |
15,424 |
|
Charge for the year |
1,795 |
|
At 31 March 2016 |
17,219 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
9,844 |
|
At 31 March 2015 |
5,896 |
|
|
|
|
|
|
|
|
4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
- |
|
1,000 |
|
1,000 |
|
|
|
|
|
|
|
|
|