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REGISTERED NUMBER: 07450609 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

FOR

JEWELLERY DESIGN CENTRE LIMITED

JEWELLERY DESIGN CENTRE LIMITED (REGISTERED NUMBER: 07450609)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JEWELLERY DESIGN CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2022







DIRECTOR: A D Sholem





SECRETARY:





REGISTERED OFFICE: 106 Leigh Road,
LEIGH ON SEA
Essex
SS9 1BU





REGISTERED NUMBER: 07450609 (England and Wales)





ACCOUNTANT: sianroberts
Chartered Accountant
10 Mostyn Street
Llandudno
Conwy
LL30 2PS

JEWELLERY DESIGN CENTRE LIMITED (REGISTERED NUMBER: 07450609)

BALANCE SHEET
30 NOVEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,804 12,372

CURRENT ASSETS
Stocks 20,000 31,600
Debtors 5 16,782 8,783
Cash at bank and in hand 56,353 17,020
93,135 57,403
CREDITORS
Amounts falling due within one year 6 45,800 34,064
NET CURRENT ASSETS 47,335 23,339
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,139

35,711

PROVISIONS FOR LIABILITIES 989 817
NET ASSETS 59,150 34,894

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 59,050 34,794
SHAREHOLDERS' FUNDS 59,150 34,894

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

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

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.

JEWELLERY DESIGN CENTRE LIMITED (REGISTERED NUMBER: 07450609)

BALANCE SHEET - continued
30 NOVEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2023 and were signed by:





A D Sholem - Director


JEWELLERY DESIGN CENTRE LIMITED (REGISTERED NUMBER: 07450609)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

1. STATUTORY INFORMATION

Jewellery Design Centre 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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continued support of the company's director.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

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 Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

JEWELLERY DESIGN CENTRE LIMITED (REGISTERED NUMBER: 07450609)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2021 38,092
Additions 3,986
At 30 November 2022 42,078
DEPRECIATION
At 1 December 2021 25,720
Charge for year 3,554
At 30 November 2022 29,274
NET BOOK VALUE
At 30 November 2022 12,804
At 30 November 2021 12,372

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 16,032 8,783
Other debtors 750 -
16,782 8,783

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 6,988 985
Taxation and social security 17,148 11,747
Other creditors 21,664 21,332
45,800 34,064

7. ULTIMATE CONTROLLING PARTY

The controlling party is A D Sholem.