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Registered Number: 13391500
England and Wales

 

 

 

TULIP JEWELLERY LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2022

End date: 31 March 2023
Director Shelley Walker
Registered Number 13391500
Registered Office C/O Melanie Curtis Accountants Ltd
100 Berkshire Place
Winnersh
Wokingham
RG41 5RD
1
Director's report and financial statements
The director presents her annual report and the financial statements for the year ended 31 March 2023.
Principal activities
Principal activity of the company during the financial period was of the design and manufacture of jewellery.
Director
The director who served the company throughout the period was as follows:
Shelley Walker

On behalf of the board.


----------------------------------
Shelley Walker
Director

Date approved: 10 October 2023
2
Accountants report

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tulip Jewellery Limited for the year ended period ended 31 March 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Tulip Jewellery Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tulip Jewellery Limited and state those matters that we have agreed to state to the director of Tulip Jewellery Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Tulip Jewellery Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tulip Jewellery Limited. You consider that Tulip Jewellery Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tulip Jewellery Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.



  



....................................................
Melanie Curtis Accountants Ltd


10 October 2023
3
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 1,326    1,591 
1,326    1,591 
Current assets      
Stocks 4 9,687    12,002 
Debtors 5 2,847   
Cash at bank and in hand 8,721    13,099 
21,255    25,101 
Creditors: amount falling due within one year 6 (18,881)   (22,211)
Net current assets 2,374    2,890 
 
Total assets less current liabilities 3,700    4,481 
Provisions for liabilities 7 (127)   (275)
Net assets 3,573    4,206 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 3,473    4,106 
Shareholder's funds 3,573    4,206 
 


For the period ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 10 October 2023 and were signed by:


-------------------------------
Shelley Walker
Director
4
General Information
Tulip Jewellery Limited is a private company, limited by shares, registered in England and Wales, registration number 13391500, registration address C/O Melanie Curtis Accountants Ltd, 100 Berkshire Place , Winnersh , Wokingham , RG41 5RD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102.1A The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.

Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 20% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the period was 0 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 June 2022 1,990    1,990 
Additions  
Disposals  
At 31 March 2023 1,990    1,990 
Depreciation
At 01 June 2022 399    399 
Charge for period 265    265 
On disposals  
At 31 March 2023 664    664 
Net book values
Closing balance as at 31 March 2023 1,326    1,326 
Opening balance as at 01 June 2022 1,591    1,591 


4.

Stocks

2023
£
  2022
£
Stocks 9,687    12,002 
9,687    12,002 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Prepayments & Accrued Income 482   
Other Debtors 2,327   
Taxation recoverable 38   
2,847   

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 3,975    2,858 
Social Security & other Taxes   4,294 
Directors' Current Accounts 14,906    15,059 
18,881    22,211 

7.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 127    275 
127    275 

5