Registered number
01258041
A & S JEWELLERY MANUFACTURING LTD
Filleted Accounts
30 November 2017
A & S JEWELLERY MANUFACTURING LTD
Registered number: 01258041
Balance Sheet
as at 30 November 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 2 1,288,458 1,318,930
1,288,458 1,318,930
Current assets
Stocks 806,051 716,776
Debtors 3 2,595 2,000
Cash at bank and in hand 270,483 422,436
1,079,129 1,141,212
Creditors: amounts falling due within one year 4 (192,520) (261,561)
Net current assets 886,609 879,651
Total assets less current liabilities 2,175,067 2,198,581
Net assets 2,175,067 2,198,581
Capital and reserves
Called up share capital 100 100
Revaluation reserve 5 1,226,612 1,226,612
Profit and loss account 948,355 971,869
Shareholders' funds 2,175,067 2,198,581
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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Uri Sholem
Director
Approved by the board on 13 April 2018
Rental income
A & S JEWELLERY MANUFACTURING LTD
Notes to the Accounts
for the year ended 30 November 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Reducing balance
Freehold property 2% Straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2016 1,500,000 64,156 - 1,564,156
Additions - - - -
At 30 November 2017 1,500,000 64,156 - 1,564,156
Depreciation
At 1 December 2016 182,956 62,270 - 245,226
Charge for the year 30,000 472 - 30,472
At 30 November 2017 212,956 62,742 - 275,698
Net book value
At 30 November 2017 1,287,044 1,414 - 1,288,458
At 30 November 2016 1,317,044 1,886 - 1,318,930
3 Debtors 2017 2016
£ £
Trade debtors 2,595 -
Other debtors - 2,000
2,595 2,000
4 Creditors: amounts falling due within one year 2017 2016
£ £
Trade creditors 88,869 138,132
Corporation tax 90,814 107,591
Taxation and social security costs 12,837 15,838
192,520 261,561
5 Revaluation reserve 2017 2016
£ £
At 1 December 2016 1,226,612 1,226,612
Gain on revaluation of land and buildings - -
Deferred taxation arising on the revaluation of land and buildings - -
At 30 November 2017 1,226,612 1,226,612
6 Other information
A & S JEWELLERY MANUFACTURING LTD is a private company limited by shares and incorporated in England. Its registered office is:
H Plaskow & Co
Chartered Certified Accountants
208 Green Lanes
Palmers Green
London
N13 5UE
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