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REGISTERED NUMBER: 07763277 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Riordan Jewellers Ltd

Riordan Jewellers Ltd (Registered number: 07763277)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Riordan Jewellers Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: S E Riordan





REGISTERED OFFICE: Berkeley House
Amery Street
Alton
Hampshire
GU34 1HN





REGISTERED NUMBER: 07763277 (England and Wales)





ACCOUNTANTS: Styles & Associates Limited
Berkeley House
Amery Street
Alton
Hampshire
GU34 1HN

Riordan Jewellers Ltd (Registered number: 07763277)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,898 5,687

CURRENT ASSETS
Stocks 42,500 71,500
Debtors 5 91,831 86,964
Cash at bank and in hand 13,055 12,796
147,386 171,260
CREDITORS
Amounts falling due within one year 6 128,282 139,202
NET CURRENT ASSETS 19,104 32,058
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,002

37,745

CREDITORS
Amounts falling due after more than one
year

7

(19,167

)

(29,167

)

PROVISIONS FOR LIABILITIES (1,225 ) (1,422 )
NET ASSETS 3,610 7,156

CAPITAL AND RESERVES
Called up share capital 8 20 20
Retained earnings 3,590 7,136
SHAREHOLDERS' FUNDS 3,610 7,156

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Riordan Jewellers Ltd (Registered number: 07763277)

Balance Sheet - continued
31 July 2023


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 director and authorised for issue on 30 July 2024 and were signed by:





S E Riordan - Director


Riordan Jewellers Ltd (Registered number: 07763277)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Riordan Jewellers 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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 represents net invoiced sales of goods and services, excluding value added tax.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Office Equipment - 20% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Riordan Jewellers Ltd (Registered number: 07763277)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

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 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Office
machinery fittings Equipment Totals
£    £    £    £   
COST
At 1 August 2022 5,537 1,798 8,054 15,389
Additions - - 420 420
At 31 July 2023 5,537 1,798 8,474 15,809
DEPRECIATION
At 1 August 2022 3,416 1,080 5,206 9,702
Charge for year 425 144 640 1,209
At 31 July 2023 3,841 1,224 5,846 10,911
NET BOOK VALUE
At 31 July 2023 1,696 574 2,628 4,898
At 31 July 2022 2,121 718 2,848 5,687

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 8,441 6,442
Other debtors 83,390 80,522
91,831 86,964

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 17,228 26,346
Trade creditors 25,471 33,999
Taxation and social security 73,927 65,151
Other creditors 11,656 13,706
128,282 139,202

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 19,167 29,167

Riordan Jewellers Ltd (Registered number: 07763277)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
20 Ordinary £1 20 20

9. ULTIMATE CONTROLLING PARTY

The controlling party is S E Riordan.