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REGISTERED NUMBER: 06308650 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

THE WARMINSTER JEWELLER LTD

THE WARMINSTER JEWELLER LTD (REGISTERED NUMBER: 06308650)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


THE WARMINSTER JEWELLER LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mr N Johnston
Miss K Murphy





SECRETARY: Miss K Murphy





REGISTERED OFFICE: 9 High Street
Warminster
Wiltshire
BA12 9AG





REGISTERED NUMBER: 06308650 (England and Wales)





ACCOUNTANTS: Perspective Accounting Limited
Unit B2, Birdineye Farm
Birdineye Hill
Uckfield
East Sussex
TN22 5HA

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
THE WARMINSTER JEWELLER 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 The Warminster Jeweller Ltd for the year ended 30 September 2023 which comprise the Statement of Income and Retained Earnings, 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 The Warminster Jeweller Ltd, as a body, in accordance with the terms of our engagement letter dated 30 November 2018. Our work has been undertaken solely to prepare for your approval the financial statements of The Warminster Jeweller Ltd and state those matters that we have agreed to state to the Board of Directors of The Warminster Jeweller 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 The Warminster Jeweller Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Warminster Jeweller 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 The Warminster Jeweller Ltd. You consider that The Warminster Jeweller 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 The Warminster Jeweller 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.






Perspective Accounting Limited
Unit B2, Birdineye Farm
Birdineye Hill
Uckfield
East Sussex
TN22 5HA


13 February 2024

THE WARMINSTER JEWELLER LTD (REGISTERED NUMBER: 06308650)

BALANCE SHEET
30 SEPTEMBER 2023

30/9/23 30/9/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 6,970 8,359
6,970 8,359

CURRENT ASSETS
Stocks 439,923 470,369
Debtors 5 125 1,220
Prepayments and accrued income 25,411 13,122
Cash at bank and in hand 170,666 165,821
636,125 650,532
CREDITORS
Amounts falling due within one year 6 61,777 89,109
NET CURRENT ASSETS 574,348 561,423
TOTAL ASSETS LESS CURRENT
LIABILITIES

581,318

569,782

PROVISIONS FOR LIABILITIES 1,439 1,719
NET ASSETS 579,879 568,063

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 579,779 567,963
SHAREHOLDERS' FUNDS 579,879 568,063

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 WARMINSTER JEWELLER LTD (REGISTERED NUMBER: 06308650)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2024 and were signed on its behalf by:





Mr N Johnston - Director


THE WARMINSTER JEWELLER LTD (REGISTERED NUMBER: 06308650)

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


1. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of two 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.
Land and buildings - 10% on cost
Plant and machinery etc - 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 Statement of Income and Retained Earnings, 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.

THE WARMINSTER JEWELLER LTD (REGISTERED NUMBER: 06308650)

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


1. ACCOUNTING POLICIES - continued

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 21,000
AMORTISATION
At 1 October 2022
and 30 September 2023 21,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022 4,448 59,744 64,192
Additions - 979 979
Disposals - (145 ) (145 )
At 30 September 2023 4,448 60,578 65,026
DEPRECIATION
At 1 October 2022 4,448 51,385 55,833
Charge for year - 2,322 2,322
Eliminated on disposal - (99 ) (99 )
At 30 September 2023 4,448 53,608 58,056
NET BOOK VALUE
At 30 September 2023 - 6,970 6,970
At 30 September 2022 - 8,359 8,359

THE WARMINSTER JEWELLER LTD (REGISTERED NUMBER: 06308650)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/23 30/9/22
£    £   
Trade debtors 125 1,220

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/23 30/9/22
£    £   
Trade creditors 1,975 1,359
Taxation and social security 36,042 38,574
Other creditors 23,760 49,176
61,777 89,109

7. OTHER FINANCIAL COMMITMENTS

At the year end, the company had total commitments under operating leases expiring in between 5 and 10 years of £150,500 (2022 - £172,500).

In addition to the above, the company also had total commitments under an additional operating lease expiring between 2 and 3 years of £24,661 (2022 - £nil).

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the company was provided with an interest free loan from the directors. The balance of this loan amounted to £11,971 (2022 - £36,098) as at the balance sheet date. There are no principal terms attached and the loan is repayable on demand. During the year, the company was provided with a further loan of £76,899 and had repayments of £101,026.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £75,400 (2022 - £75,400) were paid to the directors .