REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 29 SEPTEMBER 2015 |
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FOR |
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PAVILION JEWELLERY LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 29 SEPTEMBER 2015 |
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FOR |
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PAVILION JEWELLERY LIMITED |
PAVILION JEWELLERY LIMITED (REGISTERED NUMBER: 07379797) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 29 SEPTEMBER 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
PAVILION JEWELLERY LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 29 SEPTEMBER 2015 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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PAVILION JEWELLERY LIMITED (REGISTERED NUMBER: 07379797) |
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ABBREVIATED BALANCE SHEET |
29 SEPTEMBER 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
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The financial statements were approved by the director on
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PAVILION JEWELLERY LIMITED (REGISTERED NUMBER: 07379797) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 29 SEPTEMBER 2015 |
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1. | ACCOUNTING POLICIES |
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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). |
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Turnover |
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are |
physically delivered to the customer. |
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Tangible fixed assets |
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Improvements to property | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Deferred tax |
Deferred taxation is provided in full on timing differences which represent a liability at the balance sheet date, at |
rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from |
the inclusion of items of income and expenditure in taxation computations in periods different from those in |
which they are included in financial statements. Deferred tax is not provided on timing differences arising from |
the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities |
are not discounted. |
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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. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 30 September 2014 |
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Additions |
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At 29 September 2015 |
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DEPRECIATION |
At 30 September 2014 |
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Charge for year |
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At 29 September 2015 |
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NET BOOK VALUE |
At 29 September 2015 |
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At 29 September 2014 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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PAVILION JEWELLERY LIMITED (REGISTERED NUMBER: 07379797) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 29 SEPTEMBER 2015 |
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4. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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During the year, S L Sarri increased his loan to the company. As at 29 September 2015, the company owed him |
£261,681 (2014: £67,968). This balance represented the maximum amount outstanding during the year and the |
loan is interest free and repayable on demand. |