IRIS Accounts Production v23.3.1.45 08591112 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085911122022-06-30085911122023-06-30085911122022-07-012023-06-30085911122021-06-30085911122021-07-012022-06-30085911122022-06-3008591112ns10:Originalns15:EnglandWales2022-07-012023-06-3008591112ns14:PoundSterlingns10:Original2022-07-012023-06-3008591112ns10:Originalns10:Director12022-07-012023-06-3008591112ns10:Original2022-07-012023-06-3008591112ns10:Original2023-06-3008591112ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3008591112ns10:Originalns10:SmallEntities2022-07-012023-06-3008591112ns10:Originalns10:AuditExemptWithAccountantsReport2022-07-012023-06-3008591112ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3008591112ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3008591112ns10:Originalns10:FullAccounts2022-07-012023-06-3008591112ns10:Original12022-07-012023-06-3008591112ns10:Originalns10:Director22022-07-012023-06-3008591112ns10:Originalns10:Director32022-07-012023-06-3008591112ns10:Originalns10:RegisteredOffice2022-07-012023-06-3008591112ns10:Original2022-06-3008591112ns10:Originalns5:CurrentFinancialInstruments2023-06-3008591112ns10:Originalns5:CurrentFinancialInstruments2022-06-3008591112ns5:ShareCapitalns10:Original2023-06-3008591112ns5:ShareCapitalns10:Original2022-06-3008591112ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3008591112ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3008591112ns10:Originalns5:NetGoodwill2022-07-012023-06-3008591112ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-07-012023-06-3008591112ns10:Originalns5:PlantMachinery2022-07-012023-06-3008591112ns10:Originalns5:FurnitureFittings2022-07-012023-06-3008591112ns10:Originalns5:ComputerEquipment2022-07-012023-06-3008591112ns10:Original2021-07-012022-06-3008591112ns10:Originalns5:NetGoodwill2022-06-3008591112ns10:Originalns5:NetGoodwill2023-06-3008591112ns10:Originalns5:NetGoodwill2022-06-3008591112ns10:Originalns5:PlantMachinery2022-06-3008591112ns10:Originalns5:FurnitureFittings2022-06-3008591112ns10:Originalns5:ComputerEquipment2022-06-3008591112ns10:Original2022-06-3008591112ns10:Originalns5:PlantMachinery2023-06-3008591112ns10:Originalns5:FurnitureFittings2023-06-3008591112ns10:Originalns5:ComputerEquipment2023-06-3008591112ns10:Originalns5:PlantMachinery2022-06-3008591112ns10:Originalns5:FurnitureFittings2022-06-3008591112ns10:Originalns5:ComputerEquipment2022-06-3008591112ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3008591112ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30
REGISTERED NUMBER: 08591112 (England and Wales)















The Jewellery Workshop Ltd

Unaudited Financial Statements

for the year ended

30 June 2023






The Jewellery Workshop Ltd (Registered number: 08591112)

Contents of the Financial Statements
for the year ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5

Chartered Accountants' Report 6

The Jewellery Workshop Ltd

Company Information
for the year ended 30 June 2023







DIRECTORS: J W C Price
J J C Price
Ms J C Price





REGISTERED OFFICE: Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY





REGISTERED NUMBER: 08591112 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY

The Jewellery Workshop Ltd (Registered number: 08591112)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 6,000
Tangible assets 5 4,892 4,860
4,892 10,860

CURRENT ASSETS
Stocks 538,680 461,346
Debtors 6 9,347 8,290
Cash at bank and in hand 363,860 529,966
911,887 999,602
CREDITORS
Amounts falling due within one year 7 (226,280 ) (334,086 )
NET CURRENT ASSETS 685,607 665,516
TOTAL ASSETS LESS CURRENT LIABILITIES 690,499 676,376

PROVISIONS FOR LIABILITIES (929 ) (923 )
NET ASSETS 689,570 675,453

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 689,470 675,353
689,570 675,453

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 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 12 February 2024 and were signed on its behalf by:





Ms J C Price - Director


The Jewellery Workshop Ltd (Registered number: 08591112)

Notes to the Financial Statements
for the year ended 30 June 2023


1. STATUTORY INFORMATION

The Jewellery Workshop 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery - 33% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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.

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 6 (2022 - 6 ) .

The Jewellery Workshop Ltd (Registered number: 08591112)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 60,000
AMORTISATION
At 1 July 2022 54,000
Charge for year 6,000
At 30 June 2023 60,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 6,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2022 15,418 11,801 2,159 29,378
Additions - - 1,117 1,117
At 30 June 2023 15,418 11,801 3,276 30,495
DEPRECIATION
At 1 July 2022 15,418 7,464 1,636 24,518
Charge for year - 651 434 1,085
At 30 June 2023 15,418 8,115 2,070 25,603
NET BOOK VALUE
At 30 June 2023 - 3,686 1,206 4,892
At 30 June 2022 - 4,337 523 4,860

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,838 7,287
Other debtors 1,509 1,003
9,347 8,290

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 631 2,633
Taxation and social security 20,678 24,116
Other creditors 204,971 307,337
226,280 334,086

The Jewellery Workshop Ltd (Registered number: 08591112)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


8. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the director £199,770 (2022 - £305,213). There are no fixed repayment terms and no interest is being charged on the balance.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
The Jewellery Workshop 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 Jewellery Workshop Ltd for the year ended 30 June 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 The Jewellery Workshop 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 The Jewellery Workshop Ltd and state those matters that we have agreed to state to the Board of Directors of The Jewellery Workshop 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 Jewellery Workshop Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Jewellery Workshop 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 Jewellery Workshop Ltd. You consider that The Jewellery Workshop 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 Jewellery Workshop 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.






Haines Watts
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY


12 February 2024