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REGISTERED NUMBER: 09667714 (England and Wales)















Financial Statements for the Year Ended 30 June 2023

for

Thomas William Jewellery Limited

Thomas William Jewellery Limited (Registered number: 09667714)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Thomas William Jewellery Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: T Murphy





REGISTERED OFFICE: 19 Holme Grange Craft Village
Heathlands Road
Wokingham
Berkshire
RG40 3AW





REGISTERED NUMBER: 09667714 (England and Wales)





ACCOUNTANTS: Millward, May & Co
Suite 9 Market House
21 Market Place
Wokingham
Berkshire
RG40 1AP

Thomas William Jewellery Limited (Registered number: 09667714)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,489 24,053

CURRENT ASSETS
Stocks 67,000 52,000
Debtors 5 111,747 105,183
Cash at bank and in hand 70,208 51,627
248,955 208,810
CREDITORS
Amounts falling due within one year 6 177,428 152,200
NET CURRENT ASSETS 71,527 56,610
TOTAL ASSETS LESS CURRENT LIABILITIES 95,016 80,663

PROVISIONS FOR LIABILITIES 4,557 4,570
NET ASSETS 90,459 76,093

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 90,359 75,993
SHAREHOLDERS' FUNDS 90,459 76,093

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 19 October 2023 and were signed by:





T Murphy - Director


Thomas William Jewellery Limited (Registered number: 09667714)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Thomas William 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.

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.

Improvements to property - 5 year straight line
Plant and machinery - 4 year straight line
Fixtures and fittings - 5 year straight line
Motor vehicles - 4 year straight line
Computer equipment - 3 year straight line

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 4 (2022 - 3 ) .

Thomas William Jewellery Limited (Registered number: 09667714)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2022 2,960 31,986 20,269
Additions 5,831 4,681 2,186
Disposals - (14,564 ) 3,714
At 30 June 2023 8,791 22,103 26,169
DEPRECIATION
At 1 July 2022 592 31,350 13,826
Charge for year 724 1,173 4,210
Eliminated on disposal - (14,564 ) 3,714
At 30 June 2023 1,316 17,959 21,750
NET BOOK VALUE
At 30 June 2023 7,475 4,144 4,419
At 30 June 2022 2,368 636 6,443

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 18,495 17,128 90,838
Additions - 2,132 14,830
Disposals - (2,077 ) (12,927 )
At 30 June 2023 18,495 17,183 92,741
DEPRECIATION
At 1 July 2022 9,248 11,770 66,786
Charge for year 4,623 4,663 15,393
Eliminated on disposal - (2,077 ) (12,927 )
At 30 June 2023 13,871 14,356 69,252
NET BOOK VALUE
At 30 June 2023 4,624 2,827 23,489
At 30 June 2022 9,247 5,358 24,052

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 94,722 96,196
Other debtors 17,025 8,987
111,747 105,183

Thomas William Jewellery Limited (Registered number: 09667714)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 24,165 39,498
Taxation and social security 35,289 33,628
Other creditors 117,974 79,074
177,428 152,200

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.23 30.6.22
£    £   
Within one year 15,750 15,750
Between one and five years 2,625 2,625
18,375 18,375

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary 1 100 100

9. RELATED PARTY DISCLOSURES

During the period the director maintained a loan account with the company. At the period end the company owed the director £109,537 (2022 - £70,487). This loan is interest free, repayable on demand and shown within other creditors.