Registered Number 06882738

AA JEWELS INC. LTD

Abbreviated Accounts

31 August 2015

AA JEWELS INC. LTD Registered Number 06882738

Abbreviated Balance Sheet as at 31 August 2015

Notes 31/08/2015 30/04/2014
£ £
Current assets
Stocks 194,678 419,040
Debtors 1,250 106,282
Cash at bank and in hand - 401
195,928 525,723
Creditors: amounts falling due within one year (678,631) (685,374)
Net current assets (liabilities) (482,703) (159,651)
Total assets less current liabilities (482,703) (159,651)
Total net assets (liabilities) (482,703) (159,651)
Capital and reserves
Called up share capital 100 100
Profit and loss account (482,803) (159,751)
Shareholders' funds (482,703) (159,651)
  • For the year ending 31 August 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 May 2016

And signed on their behalf by:
Hitendra Kantilal SANGHANI, Director

AA JEWELS INC. LTD Registered Number 06882738

Notes to the Abbreviated Accounts for the period ended 31 August 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The accounts are prepared under the historical cost convention and comply with financial reporting
standards of the Accounting Standards Board.

Tangible assets depreciation policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
Fixtures, fittings
and equipment - 25% straight line

Valuation information and policy
Stock
Stock is valued at the lower of cost and net realisable value.
1.4. Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.