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REGISTERED NUMBER: 05838525 (England and Wales)










Financial Statements

for the Year Ended 30 June 2022

for

G S ENGRAVERS LIMITED
TRADING AS
"SOLITAIRE JEWELLERS"

G S ENGRAVERS LIMITED (REGISTERED NUMBER: 05838525)
TRADING AS "SOLITAIRE JEWELLERS"






Contents of the Financial Statements
for the Year Ended 30 June 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G S ENGRAVERS LIMITED
TRADING AS "SOLITAIRE JEWELLERS"

Company Information
for the Year Ended 30 June 2022







DIRECTORS: Mrs T A Dunwell
D J Dunwell





SECRETARY: Swanarrow Limited





REGISTERED OFFICE: 1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG





REGISTERED NUMBER: 05838525 (England and Wales)





ACCOUNTANTS: Maths Partnership
1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG

G S ENGRAVERS LIMITED (REGISTERED NUMBER: 05838525)
TRADING AS "SOLITAIRE JEWELLERS"

Balance Sheet
30 June 2022

30.6.22 30.6.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,087 6,808
5,087 6,808

CURRENT ASSETS
Stocks 6 85,000 78,410
Debtors 7 2,651 1,033
Cash at bank and in hand 20,455 34,129
108,106 113,572
CREDITORS
Amounts falling due within one year 8 44,531 29,835
NET CURRENT ASSETS 63,575 83,737
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,662

90,545

CREDITORS
Amounts falling due after more than one
year

9

(23,266

)

(30,356

)

PROVISIONS FOR LIABILITIES (967 ) (1,294 )
NET ASSETS 44,429 58,895

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 44,329 58,795
SHAREHOLDERS' FUNDS 44,429 58,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

G S ENGRAVERS LIMITED (REGISTERED NUMBER: 05838525)
TRADING AS "SOLITAIRE JEWELLERS"

Balance Sheet - continued
30 June 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 August 2022 and were signed on its behalf by:





D J Dunwell - Director


G S ENGRAVERS LIMITED (REGISTERED NUMBER: 05838525)
TRADING AS "SOLITAIRE JEWELLERS"

Notes to the Financial Statements
for the Year Ended 30 June 2022

1. STATUTORY INFORMATION

G S Engravers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
The turnover in the profit and loss account represents the value of work carried out in the year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

G S ENGRAVERS LIMITED (REGISTERED NUMBER: 05838525)
TRADING AS "SOLITAIRE JEWELLERS"

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2021
and 30 June 2022 5,000
AMORTISATION
At 1 July 2021
and 30 June 2022 5,000
NET BOOK VALUE
At 30 June 2022 -
At 30 June 2021 -

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings Motor Computer
& equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2021
and 30 June 2022 20,172 7,454 10,808 38,434
DEPRECIATION
At 1 July 2021 18,920 1,978 10,728 31,626
Charge for year 313 1,369 39 1,721
At 30 June 2022 19,233 3,347 10,767 33,347
NET BOOK VALUE
At 30 June 2022 939 4,107 41 5,087
At 30 June 2021 1,252 5,476 80 6,808

6. STOCKS
30.6.22 30.6.21
£    £   
Stocks 85,000 78,410

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22 30.6.21
£    £   
Other debtors 2,651 1,033

G S ENGRAVERS LIMITED (REGISTERED NUMBER: 05838525)
TRADING AS "SOLITAIRE JEWELLERS"

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22 30.6.21
£    £   
Bank loans and overdrafts 8,000 8,985
Trade creditors 2,237 2,225
Taxation and social security 17,777 16,175
Other creditors 16,517 2,450
44,531 29,835

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.22 30.6.21
£    £   
Bank loans 23,266 30,356

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.22 30.6.21
value: £    £   
100 Ordinary Shares £1 100 100