14 March 2022 false Taxfiler 2023.10.1 13973756business:PrivateLimitedCompanyLtd2022-03-142023-02-28 139737562022-03-13 139737562022-03-142023-02-28 13973756business:AuditExemptWithAccountantsReport2022-03-142023-02-28 13973756business:FilletedAccounts2022-03-142023-02-28 139737562023-02-28 13973756business:Director12022-03-142023-02-28 13973756business:Director22022-03-142023-02-28 13973756business:Director32022-03-142023-02-28 13973756business:RegisteredOffice2022-03-142023-02-28 13973756core:WithinOneYear2023-02-28 13973756core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 13973756core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 13973756core:PreviouslyStatedAmount2023-02-28 13973756business:SmallEntities2022-03-142023-02-28 13973756countries:EnglandWales2022-03-142023-02-28 13973756business:OrdinaryShareClass12022-03-142023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 13973756 (England and Wales)
Jeffs Jewellers Ltd Unaudited accounts for the period from 14 March 2022 to 28 February 2023
Jeffs Jewellers Ltd Unaudited accounts Contents
Page
- 2 -
Jeffs Jewellers Ltd Company Information for the period from 14 March 2022 to 28 February 2023
Directors
Jeffrey Jones Craig Jones Bowen Michael Cartwright
Company Number
13973756 (England and Wales)
Registered Office
7 Hannah Street Porth CF39 9PU
Accountants
Evans Entwistle Villa House 7 Herbert Terrace Penarth Vale of Glamorgan CF64 2AH
- 3 -
Jeffs Jewellers Ltd Statement of financial position as at 28 February 2023
2023 
Notes
£ 
Current assets
Inventories
100,001 
Debtors
21,501 
121,502 
Creditors: amounts falling due within one year
(51,966)
Net current assets
69,536 
Net assets
69,536 
Capital and reserves
Called up share capital
3 
Profit and loss account
69,533 
Shareholders' funds
69,536 
For the period ending 28 February 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 21 June 2023 and were signed on its behalf by
Jeffrey Jones Director Company Registration No. 13973756
- 4 -
Jeffs Jewellers Ltd Notes to the Accounts for the period from 14 March 2022 to 28 February 2023
1
Statutory information
Jeffs Jewellers Ltd is a private company, limited by shares, registered in England and Wales, registration number 13973756. The registered office is 7 Hannah Street, Porth, CF39 9PU.
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 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.
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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.
4
Debtors
2023 
£ 
Amounts falling due within one year
Other debtors
21,501 
5
Creditors: amounts falling due within one year
2023 
£ 
VAT
4,049 
Taxes and social security
37,421 
Loans from directors
9,196 
Accruals
1,300 
51,966 
- 5 -
Jeffs Jewellers Ltd Notes to the Accounts for the period from 14 March 2022 to 28 February 2023
6
Share capital
2023 
£ 
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3 
7
Average number of employees
During the period the average number of employees was 5.
- 6 -