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REGISTERED NUMBER: 09598262 (England and Wales)















JPB JEWELLERY LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023






JPB JEWELLERY LIMITED (REGISTERED NUMBER: 09598262)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JPB JEWELLERY LIMITED

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: Mrs J Butterfield
Mr J P Butterfield
Mr J L J Watson





REGISTERED OFFICE: 3A Half Moon Street
Huddersfield
West Yorkshire
HD1 2JD





REGISTERED NUMBER: 09598262 (England and Wales)





ACCOUNTANTS: Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

JPB JEWELLERY LIMITED (REGISTERED NUMBER: 09598262)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 18,098 26,098
Tangible assets 5 34,283 40,786
52,381 66,884

CURRENT ASSETS
Stocks 6 1,118,357 978,321
Debtors 7 22,225 39,247
Cash at bank and in hand 40,501 10,763
1,181,083 1,028,331
CREDITORS
Amounts falling due within one year 8 (344,216 ) (370,530 )
NET CURRENT ASSETS 836,867 657,801
TOTAL ASSETS LESS CURRENT
LIABILITIES

889,248

724,685

CREDITORS
Amounts falling due after more than one
year

9

(21,667

)

(31,667

)

PROVISIONS FOR LIABILITIES 11 (8,570 ) (7,749 )
NET ASSETS 859,011 685,269

CAPITAL AND RESERVES
Called up share capital 12 99 99
Retained earnings 858,912 685,170
SHAREHOLDERS' FUNDS 859,011 685,269

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

JPB JEWELLERY LIMITED (REGISTERED NUMBER: 09598262)

BALANCE SHEET - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 November 2023 and were signed on its behalf by:




Mr J P Butterfield - Director



Mr J L J Watson - Director


JPB JEWELLERY LIMITED (REGISTERED NUMBER: 09598262)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023


1. STATUTORY INFORMATION

JPB Jewellery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the value of goods supplied, net of value added tax, recognised at the time of their supply.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

JPB JEWELLERY LIMITED (REGISTERED NUMBER: 09598262)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 80,000
AMORTISATION
At 1 April 2022 53,902
Charge for year 8,000
At 31 March 2023 61,902
NET BOOK VALUE
At 31 March 2023 18,098
At 31 March 2022 26,098

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 913 64,619 9,419 74,951
Additions - - 416 416
At 31 March 2023 913 64,619 9,835 75,367
DEPRECIATION
At 1 April 2022 606 25,297 8,262 34,165
Charge for year 46 5,899 974 6,919
At 31 March 2023 652 31,196 9,236 41,084
NET BOOK VALUE
At 31 March 2023 261 33,423 599 34,283
At 31 March 2022 307 39,322 1,157 40,786

6. STOCKS
2023 2022
£    £   
Stocks 1,118,357 978,321

JPB JEWELLERY LIMITED (REGISTERED NUMBER: 09598262)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,037 23,510
Other debtors 11,188 15,737
22,225 39,247

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 35,290 42,122
Taxation and social security 68,641 80,309
Other creditors 230,285 238,099
344,216 370,530

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 21,667 31,667

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 31,667 41,667

The bank loan comprises a loan secured by a government backed initiative.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 8,570 7,749

Deferred
tax
£   
Balance at 1 April 2022 7,749
Charge to Income Statement during year 821
Balance at 31 March 2023 8,570

JPB JEWELLERY LIMITED (REGISTERED NUMBER: 09598262)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
33 Ordinary A £1 33 33
33 Ordinary B £1 33 33
33 Ordinary C £1 33 33
99 99

13. RELATED PARTY DISCLOSURES

At 31st March 2022 £227,091 (2022: £235,609) was owed to the Directors by way of Directors' loan account. The loan is interest free and repayable on demand.

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J P Butterfield.