2022-04-012023-03-312023-03-31false13273306Nettletons Jewellers 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Nettletons Jewellers Ltd

Registered Number
13273306
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

Nettletons Jewellers Ltd
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

Joseph Michael Cunningham
Matthew John Nettleton

Registered Address

141-143 Union Street
Oldham
OL1 1TE

Place of Business

20 Castle Street

Clitheroe

BB7 2BX


Registered Number

13273306 (England and Wales)
Nettletons Jewellers Ltd
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets521,60028,800
Tangible assets711,75112,636
33,35141,436
Current assets
Stocks8447,443438,082
Debtors910,96610,984
Cash at bank and on hand578,740503,788
1,037,149952,854
Creditors amounts falling due within one year10(587,346)(703,530)
Net current assets (liabilities)449,803249,324
Total assets less current liabilities483,154290,760
Net assets483,154290,760
Capital and reserves
Called up share capital100100
Profit and loss account483,054290,660
Shareholders' funds483,154290,760
The financial statements were approved and authorised for issue by the Board of Directors on 6 October 2023, and are signed on its behalf by:
Matthew John Nettleton
Director
Registered Company No. 13273306
Nettletons Jewellers Ltd
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings25
Intangible assets policy
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year98
5.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 2236,00036,000
At 31 March 2336,00036,000
Amortisation and impairment
At 01 April 227,2007,200
Charge for year7,2007,200
At 31 March 2314,40014,400
Net book value
At 31 March 2321,60021,600
At 31 March 2228,80028,800
6.Useful life of intangible asset
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
7.Property, plant and equipment

Fixtures & fittings

Total

££
Cost or valuation
At 01 April 2216,84816,848
Additions3,0313,031
At 31 March 2319,87919,879
Depreciation and impairment
At 01 April 224,2124,212
Charge for year3,9163,916
At 31 March 238,1288,128
Net book value
At 31 March 2311,75111,751
At 31 March 2212,63612,636
8.Stocks

2023

2022

££
Payments on account, stocks447,443438,082
Total447,443438,082
9.Debtors

2023

2022

££
Other debtors-17
Prepayments and accrued income10,96610,967
Total10,96610,984
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
10.Creditors within one year

2023

2022

££
Trade creditors / trade payables22,524-
Taxation and social security76,691111,291
Other creditors457,982562,190
Accrued liabilities and deferred income30,14930,049
Total587,346703,530
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.