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REGISTERED NUMBER: 09029300 (England and Wales)















HATTON JEWELLERS LIMITED

Unaudited Financial Statements for the Year Ended 31 October 2023






HATTON JEWELLERS LIMITED (REGISTERED NUMBER: 09029300)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HATTON JEWELLERS LIMITED

Company Information
for the Year Ended 31 October 2023







DIRECTORS: R Cuomo
Mrs J Cuomo





REGISTERED OFFICE: 59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 09029300 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

HATTON JEWELLERS LIMITED (REGISTERED NUMBER: 09029300)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 19,625 31,400
Tangible assets 5 261,519 30,835
281,144 62,235

CURRENT ASSETS
Stocks 103,555 429,395
Debtors 6 470,293 270,918
Cash at bank 616,157 829,035
1,190,005 1,529,348
CREDITORS
Amounts falling due within one year 7 260,357 351,322
NET CURRENT ASSETS 929,648 1,178,026
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,210,792

1,240,261

CREDITORS
Amounts falling due after more than one
year

8

22,222

55,555
NET ASSETS 1,188,570 1,184,706

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,188,470 1,184,606
1,188,570 1,184,706

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

HATTON JEWELLERS LIMITED (REGISTERED NUMBER: 09029300)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





R Cuomo - Director


HATTON JEWELLERS LIMITED (REGISTERED NUMBER: 09029300)

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

1. STATUTORY INFORMATION

Hatton Jewellers 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost and 18% 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.

HATTON JEWELLERS LIMITED (REGISTERED NUMBER: 09029300)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 157,000
AMORTISATION
At 1 November 2022 125,600
Amortisation for year 11,775
At 31 October 2023 137,375
NET BOOK VALUE
At 31 October 2023 19,625
At 31 October 2022 31,400

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 November 2022 - - 53,813 53,813
Additions 190,262 33,199 22,497 245,958
At 31 October 2023 190,262 33,199 76,310 299,771
DEPRECIATION
At 1 November 2022 - - 22,978 22,978
Charge for year 3,583 2,767 8,924 15,274
At 31 October 2023 3,583 2,767 31,902 38,252
NET BOOK VALUE
At 31 October 2023 186,679 30,432 44,408 261,519
At 31 October 2022 - - 30,835 30,835

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 72,007 26,054
Other debtors 198,086 12,001
Directors' current accounts 109,538 129,559
Prepayments 90,662 103,304
470,293 270,918

HATTON JEWELLERS LIMITED (REGISTERED NUMBER: 09029300)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 35,093 33,333
Trade creditors 143,613 161,270
Tax (16,165 ) -
Social security and other taxes 37,916 128,597
Other creditors 6,721 18,949
Pensions - 587
Accrued expenses 53,179 8,586
260,357 351,322

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 22,222 33,333
Bank loans - 2-5 years - 22,222
22,222 55,555

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 48,000 48,000
Between one and five years 3,000 3,000
51,000 51,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft 1,760 -
Bank loans 55,555 88,888
57,315 88,888

The bank borrowings are secured by a debenture over the company's assets.

HATTON JEWELLERS LIMITED (REGISTERED NUMBER: 09029300)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
R Cuomo
Balance outstanding at start of year 129,559 221,460
Amounts advanced 124,843 248,077
Amounts repaid (144,864 ) (339,978 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 109,538 129,559