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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
Page
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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
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Finlay & Co. Ltd Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
1,634 
Tangible assets
137,852 
166,654 
137,852 
168,288 
Current assets
Inventories
162,856 
196,154 
Debtors
145,401 
200,078 
Cash at bank and in hand
394,674 
256,995 
702,931 
653,227 
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 
Capital and reserves
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
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Finlay & Co. Ltd Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2022
8,170 
At 31 December 2022
8,170 
Amortisation
At 1 January 2022
6,536 
Charge for the year
1,634 
At 31 December 2022
8,170 
Net book value
At 31 December 2022
- 
At 31 December 2021
1,634 
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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 
Additions
- 
452 
- 
438 
890 
At 31 December 2022
181,206 
65,983 
122,910 
12,345 
382,444 
Depreciation
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 
Net book value
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 
6
Debtors
2022 
2021 
£ 
£ 
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 
145,401 
200,078 
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 
Other creditors
487 
809 
Accruals
665 
665 
234,739 
241,628 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
75,364 
178,840 
9
Loans to directors
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).
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