SPROULES JEWELLERS LIMITED

Company Registration Number:
NI623429 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

SPROULES JEWELLERS LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

SPROULES JEWELLERS LIMITED

Balance sheet

As at 30 June 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 22,500 37,500
Tangible assets: 4 283,693 287,687
Total fixed assets: 306,193 325,187
Current assets
Stocks: 414,000 342,700
Debtors:   26,174
Cash at bank and in hand: 40,221 29,709
Total current assets: 480,395 372,409
Creditors: amounts falling due within one year: 5 (190,210) (114,670)
Net current assets (liabilities): 290,185 257,739
Total assets less current liabilities: 596,378 582,926
Creditors: amounts falling due after more than one year: 6 (377,793) (411,586)
Provision for liabilities: (48,146) (46,642)
Total net assets (liabilities): 170,439 124,698
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 170,339 124,598
Shareholders funds: 170,439 124,698

The notes form part of these financial statements

SPROULES JEWELLERS LIMITED

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 March 2024
and signed on behalf of the board by:

Name: Nigel Sproule
Status: Director

The notes form part of these financial statements

SPROULES JEWELLERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SPROULES JEWELLERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

2023 2022
Average number of employees during the period 11 9

SPROULES JEWELLERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Intangible Assets

Total
Cost £
At 01 July 2022 150,000
At 30 June 2023 150,000
Amortisation
At 01 July 2022 112,500
Charge for year 15,000
At 30 June 2023 127,500
Net book value
At 30 June 2023 22,500
At 30 June 2022 37,500

SPROULES JEWELLERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Tangible Assets

Total
Cost £
At 01 July 2022 379,391
Additions 17,988
At 30 June 2023 397,379
Depreciation
At 01 July 2022 91,704
Charge for year 21,982
At 30 June 2023 113,686
Net book value
At 30 June 2023 283,693
At 30 June 2022 287,687

SPROULES JEWELLERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Creditors: amounts falling due within one year note

2023 Bank Loans £39,373 Trade Creditors £113,976, Corporation Tax £19,327, Other tax and social security £14,713, Accruals and deferred income £2,821.2022 Bank Loans £42,246 Trade Creditors £36,771, Corporation Tax £14,054, Other tax and social security £17,333, Accruals and deferred income £4,266.

SPROULES JEWELLERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

6. Creditors: amounts falling due after more than one year note

2023 Bank Loans £241,688, Other creditors £136,1052022 Bank Loans £262,925 Other creditors £148,661

SPROULES JEWELLERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

7. Related party transactions

Name of the related party:
Relationship:
Director
Description of the Transaction: Company expenses paid by director/ (withdrawals)
£
Balance at 01 July 2022 148,661
Balance at 30 June 2023 136,105