Company Registration No. 07910188 (England and Wales)
Finlay & Co. Ltd
Unaudited accounts
for the year ended 31 December 2022
Finlay & Co. Ltd
Unaudited accounts
Contents
Finlay & Co. Ltd
Company Information
for the year ended 31 December 2022
Directors
Dane Thomas Butler
Samuel Michael Lawson Johnston
David Simon Lochhead
Thomas Alexander Stannard
Company Number
07910188 (England and Wales)
Registered Office
61 Broadwick Street
London
W1F 9QT
Accountants
Evenstone Ltd
Boston House
Downsview Road
Wantage
Oxfordshire
OX12 9FF
Finlay & Co. Ltd
Statement of financial position
as at 31 December 2022
Tangible assets
137,852
166,654
Inventories
162,856
196,154
Cash at bank and in hand
394,674
256,995
Creditors: amounts falling due within one year
(234,739)
(241,628)
Net current assets
468,192
411,599
Total assets less current liabilities
606,044
579,887
Creditors: amounts falling due after more than one year
(75,364)
(178,840)
Net assets
530,680
401,047
Called up share capital
7
7
Share premium
1,672,800
1,672,800
Profit and loss account
(1,142,127)
(1,271,760)
Shareholders' funds
530,680
401,047
For the year ending 31 December 2022 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by
Dane Thomas Butler
Director
Company Registration No. 07910188
Finlay & Co. Ltd
Notes to the Accounts
for the year ended 31 December 2022
Finlay & Co. Ltd is a private company, limited by shares, registered in England and Wales, registration number 07910188. The registered office is 61 Broadwick Street, London, W1F 9QT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line
Plant & machinery
20% straight line
Fixtures & fittings
20% Straight line
Computer equipment
20% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Finlay & Co. Ltd
Notes to the Accounts
for the year ended 31 December 2022
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2022
181,206
65,531
122,910
11,907
381,554
At 31 December 2022
181,206
65,983
122,910
12,345
382,444
At 1 January 2022
41,181
47,403
117,635
8,681
214,900
Charge for the year
18,121
6,573
3,708
1,290
29,692
At 31 December 2022
59,302
53,976
121,343
9,971
244,592
At 31 December 2022
121,904
12,007
1,567
2,374
137,852
At 31 December 2021
140,025
18,128
5,275
3,226
166,654
Amounts falling due within one year
Trade debtors
34,781
43,234
Accrued income and prepayments
11,819
12,044
Other debtors
98,801
144,800
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
105,264
107,885
Trade creditors
82,740
74,585
Taxes and social security
45,583
57,684
8
Creditors: amounts falling due after more than one year
2022
2021
As at 31 December 2021 two of the directors owed the company a total of £82,899. Interest is charged on this amount at the official rate of interest and the amount is repayable on demand.
10
Average number of employees
During the year the average number of employees was 13 (2021: 13).