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Company Registration No. 13620982 (England and Wales)
GEE WOODS JEWELLERY LIMITED Unaudited accounts for the year ended 30 September 2023
GEE WOODS JEWELLERY LIMITED Unaudited accounts Contents
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GEE WOODS JEWELLERY LIMITED Company Information for the year ended 30 September 2023
Directors
Georgina Charlotte Woods Thomas Ashley Lakeman
Company Number
13620982 (England and Wales)
Registered Office
85 GREAT PORTLAND STREET FIRST FLOOR LONDON W1W 7LT ENGLAND
Accountants
Cone Accounting Limited 85 Great Portland Street First Floor London W1W 7LT
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GEE WOODS JEWELLERY LIMITED Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
443 
217 
Current assets
Inventories
36,104 
36,659 
Debtors
3,427 
1,184 
Cash at bank and in hand
60,658 
41,834 
100,189 
79,677 
Creditors: amounts falling due within one year
(62,187)
(70,318)
Net current assets
38,002 
9,359 
Net assets
38,445 
9,576 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
38,345 
9,476 
Shareholders' funds
38,445 
9,576 
For the year ending 30 September 2023 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 25 October 2023 and were signed on its behalf by
Georgina Charlotte Woods Director Company Registration No. 13620982
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GEE WOODS JEWELLERY LIMITED Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
GEE WOODS JEWELLERY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13620982. The registered office is 85 GREAT PORTLAND STREET, FIRST FLOOR, LONDON, W1W 7LT, ENGLAND.
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:
Plant & machinery
Straight line - 25.00%
Computer equipment
Straight line - 33.33%
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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GEE WOODS JEWELLERY LIMITED Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2022
- 
313 
313 
Additions
352 
- 
352 
At 30 September 2023
352 
313 
665 
Depreciation
At 1 October 2022
- 
96 
96 
Charge for the year
22 
104 
126 
At 30 September 2023
22 
200 
222 
Net book value
At 30 September 2023
330 
113 
443 
At 30 September 2022
- 
217 
217 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
3,427 
1,184 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
2,659 
998 
Trade creditors
(1,193)
3,540 
Taxes and social security
6,760 
2,259 
Loans from directors
53,961 
63,521 
62,187 
70,318 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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