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REGISTERED NUMBER: 11186363 (England and Wales)















Unaudited Financial Statements for the Year Ended 27 February 2023

for

Dab Jewellers Ltd

Dab Jewellers Ltd (Registered number: 11186363)

Contents of the Financial Statements
for the Year Ended 27 February 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Dab Jewellers Ltd

Company Information
for the Year Ended 27 February 2023







DIRECTORS: D B Levy
B Tonner





REGISTERED OFFICE: 303 Goring Road
Goring by Sea
Worthing
West Sussex
BN12 4NX





REGISTERED NUMBER: 11186363 (England and Wales)





ACCOUNTANTS: THL Accountancy Ltd
303 Goring Road
Worthing
West Sussex
BN12 4NX

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Dab Jewellers Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dab Jewellers Ltd for the year ended 27 February 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Dab Jewellers Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dab Jewellers Ltd and state those matters that we have agreed to state to the Board of Directors of Dab Jewellers Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dab Jewellers Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dab Jewellers Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dab Jewellers Ltd. You consider that Dab Jewellers Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dab Jewellers Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






THL Accountancy Ltd
303 Goring Road
Worthing
West Sussex
BN12 4NX


10 November 2023

Dab Jewellers Ltd (Registered number: 11186363)

Balance Sheet
27 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,225 4,022

CURRENT ASSETS
Debtors 5 53,585 57,785
Cash at bank 23,117 13,659
76,702 71,444
CREDITORS
Amounts falling due within one year 6 65,534 40,427
NET CURRENT ASSETS 11,168 31,017
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,393

35,039

CREDITORS
Amounts falling due after more than one
year

7

(23,792

)

(34,022

)

PROVISIONS FOR LIABILITIES (422 ) (764 )
NET (LIABILITIES)/ASSETS (10,821 ) 253

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (10,921 ) 153
(10,821 ) 253

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 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.

Dab Jewellers Ltd (Registered number: 11186363)

Balance Sheet - continued
27 February 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 10 November 2023 and were signed on its behalf by:





D B Levy - Director


Dab Jewellers Ltd (Registered number: 11186363)

Notes to the Financial Statements
for the Year Ended 27 February 2023


1. STATUTORY INFORMATION

Dab Jewellers Ltd 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 5 years straight line
Fixtures and fittings - 5 years straight line

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Dab Jewellers Ltd (Registered number: 11186363)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 28 February 2022 16,169 - 16,169
Additions 300 1,458 1,758
At 27 February 2023 16,469 1,458 17,927
DEPRECIATION
At 28 February 2022 12,147 - 12,147
Charge for year 3,289 266 3,555
At 27 February 2023 15,436 266 15,702
NET BOOK VALUE
At 27 February 2023 1,033 1,192 2,225
At 27 February 2022 4,022 - 4,022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 52,292 56,574
Other debtors 1,293 1,211
53,585 57,785

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,911 9,666
Trade creditors 15,307 -
Taxation and social security 40,313 30,761
Other creditors 3 -
65,534 40,427

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 23,792 34,022