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REGISTERED NUMBER: 09000521 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

RUMSEY'S FINE JEWELLERY LIMITED

RUMSEY'S FINE JEWELLERY LIMITED (REGISTERED NUMBER: 09000521)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RUMSEY'S FINE JEWELLERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: J A Rumsey
Mrs J H Rumsey





REGISTERED OFFICE: 101 High Street
Street
Somerset
BA16 0EY





REGISTERED NUMBER: 09000521 (England and Wales)





ACCOUNTANTS: Upton Neenan Lees
Chartered Accountants
21-23 Croydon Road
Caterham
Surrey
CR3 6PA

RUMSEY'S FINE JEWELLERY LIMITED (REGISTERED NUMBER: 09000521)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 19,860 910

CURRENT ASSETS
Stocks 401,619 391,945
Debtors 5 - 1,715
Cash at bank 159,285 53,100
560,904 446,760
CREDITORS
Amounts falling due within one year 6 (374,663 ) (289,604 )
NET CURRENT ASSETS 186,241 157,156
TOTAL ASSETS LESS CURRENT
LIABILITIES

206,101

158,066

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 206,001 157,966
SHAREHOLDERS' FUNDS 206,101 158,066

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 28 January 2024 and were signed on its behalf by:




J A Rumsey - Director


RUMSEY'S FINE JEWELLERY LIMITED (REGISTERED NUMBER: 09000521)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Rumsey's Fine 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.
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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

RUMSEY'S FINE JEWELLERY LIMITED (REGISTERED NUMBER: 09000521)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 - 3,538 3,538
Additions 16,388 3,719 20,107
At 31 March 2023 16,388 7,257 23,645
DEPRECIATION
At 1 April 2022 - 2,628 2,628
Charge for year - 1,157 1,157
At 31 March 2023 - 3,785 3,785
NET BOOK VALUE
At 31 March 2023 16,388 3,472 19,860
At 31 March 2022 - 910 910

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 1,165
Other debtors - 550
- 1,715

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors - 8,308
Taxation and social security 28,408 22,525
Other creditors 346,255 258,771
374,663 289,604