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Company Registration No. 3140257 (England and Wales)
Timothy Roe Fine Jewellery Limited Unaudited accounts for the year ended 29 February 2024
Timothy Roe Fine Jewellery Limited Unaudited accounts Contents
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Timothy Roe Fine Jewellery Limited Company Information for the year ended 29 February 2024
Directors
Timothy Roe Susan Roe
Company Number
3140257 (England and Wales)
Registered Office
12 SOUTH STREET CHICHESTER WEST SUSSEX PO19 1EH
Accountants
B4Bookkeeping Ltd 1 Lincoln House Tangmere Chichester West Sussex PO20 2FS
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Timothy Roe Fine Jewellery Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
67,165 
64,838 
Current assets
Inventories
808,742 
751,793 
Debtors
204,211 
21,261 
Cash at bank and in hand
580,888 
1,185,452 
1,593,841 
1,958,506 
Creditors: amounts falling due within one year
(20,373)
(140,503)
Net current assets
1,573,468 
1,818,003 
Net assets
1,640,633 
1,882,841 
Capital and reserves
Called up share capital
1,012 
1,012 
Share premium
114,002 
114,002 
Profit and loss account
1,525,619 
1,767,827 
Shareholders' funds
1,640,633 
1,882,841 
For the year ending 29 February 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 17 April 2024 and were signed on its behalf by
Timothy Roe Director Company Registration No. 3140257
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Timothy Roe Fine Jewellery Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Timothy Roe Fine Jewellery Limited is a private company, limited by shares, registered in England and Wales, registration number 3140257. The registered office is 12 SOUTH STREET, CHICHESTER, WEST SUSSEX, PO19 1EH.
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.
Presentation currency
The accounts are presented in £ sterling.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Land & buildings
Evenly over the lease Term
Plant & machinery
20% Reducing Balance
Fixtures & fittings
10% Straight Line
Computer equipment
20% Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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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Timothy Roe Fine Jewellery Limited Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
135,043 
211,032 
38,617 
384,692 
Additions
- 
5,496 
17,905 
23,401 
At 29 February 2024
135,043 
216,528 
56,522 
408,093 
Depreciation
At 1 March 2023
124,345 
162,829 
32,680 
319,854 
Charge for the year
6,476 
12,286 
2,312 
21,074 
At 29 February 2024
130,821 
175,115 
34,992 
340,928 
Net book value
At 29 February 2024
4,222 
41,413 
21,530 
67,165 
At 28 February 2023
10,698 
48,203 
5,937 
64,838 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
4,371 
Accrued income and prepayments
29,075 
15,074 
Other debtors
175,136 
1,816 
204,211 
21,261 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,933 
1,984 
Trade creditors
4,911 
16,756 
Taxes and social security
233 
118,566 
Other creditors
2,003 
1,411 
Accruals
8,293 
1,786 
20,373 
140,503 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan in year
- 
149,663 
149,663 
- 
- 
149,663 
149,663 
- 
8
Average number of employees
During the year the average number of employees was 16 (2023: 13).
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