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Registered Number 01242571

ANDRA SALES (GEMS) LIMITED

Abbreviated Accounts

31 March 2016

ANDRA SALES (GEMS) LIMITED Registered Number 01242571

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 883,872 883,872
883,872 883,872
Current assets
Debtors 38,133 52,478
Cash at bank and in hand 45,530 22,417
83,663 74,895
Creditors: amounts falling due within one year (942,411) (934,219)
Net current assets (liabilities) (858,748) (859,324)
Total assets less current liabilities 25,124 24,548
Total net assets (liabilities) 25,124 24,548
Capital and reserves
Called up share capital 3 100 100
Revaluation reserve 52,298 52,298
Profit and loss account (27,274) (27,850)
Shareholders' funds 25,124 24,548
  • For the year ending 31 March 2016 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 3 July 2017

And signed on their behalf by:
EMANUEL TAJTELBAUM, Director

ANDRA SALES (GEMS) LIMITED Registered Number 01242571

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Other accounting policies
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Tangible fixed assets
£
Cost
At 1 April 2015 883,872
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 883,872
Depreciation
At 1 April 2015 -
Charge for the year -
On disposals -
At 31 March 2016 -
Net book values
At 31 March 2016 883,872
At 31 March 2015 883,872

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100 Ordinary shares of £1 each 100 100