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Company Registration No. 12352244 (England and Wales)
Vulcan Jewellery Ltd Unaudited accounts for the year ended 31 December 2023
Vulcan Jewellery Ltd Unaudited accounts Contents
Page
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Vulcan Jewellery Ltd Company Information for the year ended 31 December 2023
Director
Ethan Tate
Company Number
12352244 (England and Wales)
Registered Office
127 RAPHAEL DRIVE SHOEBURYNESS SOUTHEND-ON-SEA ESSEX SS3 9UR ENGLAND
Accountants
SilverstoneBKS Limited 127 Raphael Drive Shoeburyness Southend on Sea Essex SS3 9UR
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Vulcan Jewellery Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
32,340 
23,414 
Current assets
Debtors
34,138 
35,974 
Cash at bank and in hand
4,395 
11,324 
38,533 
47,298 
Creditors: amounts falling due within one year
(8,245)
(10,530)
Net current assets
30,288 
36,768 
Total assets less current liabilities
62,628 
60,182 
Creditors: amounts falling due after more than one year
(25,626)
(17,402)
Net assets
37,002 
42,780 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
37,001 
42,779 
Shareholders' funds
37,002 
42,780 
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 4 March 2024 and were signed on its behalf by
Ethan Tate Director Company Registration No. 12352244
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Vulcan Jewellery Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Vulcan Jewellery Ltd is a private company, limited by shares, registered in England and Wales, registration number 12352244. The registered office is 127 RAPHAEL DRIVE, SHOEBURYNESS, SOUTHEND-ON-SEA, ESSEX, SS3 9UR, ENGLAND.
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 remained unchanged from the previous year, and also 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
Fixtures & fittings
25%
Computer equipment
25%
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Vulcan Jewellery Ltd Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
16,180 
1,340 
17,318 
34,838 
Additions
21,089 
1,865 
- 
22,954 
At 31 December 2023
37,269 
3,205 
17,318 
57,792 
Depreciation
At 1 January 2023
7,018 
679 
3,727 
11,424 
Charge for the year
7,813 
581 
5,634 
14,028 
At 31 December 2023
14,831 
1,260 
9,361 
25,452 
Net book value
At 31 December 2023
22,438 
1,945 
7,957 
32,340 
At 31 December 2022
9,162 
661 
13,591 
23,414 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
25,553 
35,112 
Accrued income and prepayments
5,286 
- 
Other debtors
3,299 
862 
34,138 
35,974 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,622 
2,921 
VAT
213 
5,348 
Trade creditors
2,000 
- 
Taxes and social security
1,229 
2,075 
Other creditors
181 
186 
8,245 
10,530 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
12,621 
- 
Other creditors
13,005 
17,402 
25,626 
17,402 
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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