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REGISTERED NUMBER: 04584356 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

TOULSON-JONES JEWELLERS LIMITED

TOULSON-JONES JEWELLERS LIMITED (REGISTERED NUMBER: 04584356)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TOULSON-JONES JEWELLERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: R.E.W. Jones
P. Toulson





SECRETARY: R.E.W. Jones





REGISTERED OFFICE: St James's House
8 Overcliffe
Gravesend
Kent
DA11 0HJ





REGISTERED NUMBER: 04584356 (England and Wales)





ACCOUNTANTS: The Carley Partnership
St James's House
8 Overcliffe
Gravesend
Kent
DA11 0HJ

TOULSON-JONES JEWELLERS LIMITED (REGISTERED NUMBER: 04584356)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,544 11,597

CURRENT ASSETS
Stocks 177,785 152,309
Debtors 5 2,616 6,176
Cash at bank and in hand 46,236 59,821
226,637 218,306
CREDITORS
Amounts falling due within one year 6 132,814 125,444
NET CURRENT ASSETS 93,823 92,862
TOTAL ASSETS LESS CURRENT LIABILITIES 104,367 104,459

CREDITORS
Amounts falling due after more than one year 7 20,833 30,833
NET ASSETS 83,534 73,626

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 83,334 73,426
SHAREHOLDERS' FUNDS 83,534 73,626

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 24 November 2023 and were signed on its behalf by:




R.E.W. Jones - Director


TOULSON-JONES JEWELLERS LIMITED (REGISTERED NUMBER: 04584356)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Toulson-Jones Jewellers 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.

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.
Land and buildings - Straight line over 5 years
Plant and machinery etc - 15% 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

TOULSON-JONES JEWELLERS LIMITED (REGISTERED NUMBER: 04584356)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022 3,400 30,427 33,827
Additions - 1,999 1,999
At 30 April 2023 3,400 32,426 35,826
DEPRECIATION
At 1 May 2022 2,720 19,510 22,230
Charge for year 680 2,372 3,052
At 30 April 2023 3,400 21,882 25,282
NET BOOK VALUE
At 30 April 2023 - 10,544 10,544
At 30 April 2022 680 10,917 11,597

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,616 6,176

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,001 13,313
Trade creditors 81,362 47,497
Taxation and social security 14,335 31,052
Other creditors 27,116 33,582
132,814 125,444

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 20,833 30,833

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 A Ordinary £1 100 100
100 B Ordinary £1 100 100
200 200

TOULSON-JONES JEWELLERS LIMITED (REGISTERED NUMBER: 04584356)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


9. RELATED PARTY DISCLOSURES

As at the 30th April 2023 the directors were owed by the company £5,890 (2022: £1,416) in respect of their loan accounts. The loans are repayable on demand and interest has been charged on overdrawn loan accounts at the beneficial loan rate where applicable.