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REGISTERED NUMBER: 05391786 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Jewellery Direct Supply Limited

Jewellery Direct Supply Limited (Registered number: 05391786)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Jewellery Direct Supply Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: Mr T E Belson
Mr A Dunga





SECRETARY: Mr M J Griffiths





REGISTERED OFFICE: 63 - 66 Hatton Garden
London
EC1N 8LE





REGISTERED NUMBER: 05391786 (England and Wales)





ACCOUNTANTS: Westell Accountants
3 Bradfield Court
Drayton Mill, Milton Road
Drayton
Abingdon
Oxfordshire
OX14 4EF

Jewellery Direct Supply Limited (Registered number: 05391786)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 31,108 62,216
Tangible assets 5 2,640 1,912
33,748 64,128

CURRENT ASSETS
Stocks 15,500 35,000
Debtors 6 1,059,569 729,228
Cash at bank and in hand 4,192 15,984
1,079,261 780,212
CREDITORS
Amounts falling due within one year 7 1,062,061 791,551
NET CURRENT ASSETS/(LIABILITIES) 17,200 (11,339 )
TOTAL ASSETS LESS CURRENT LIABILITIES 50,948 52,789

CREDITORS
Amounts falling due after more than one
year

8

(14,435

)

(24,436

)

PROVISIONS FOR LIABILITIES (592 ) (363 )
NET ASSETS 35,921 27,990

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 35,821 27,890
SHAREHOLDERS' FUNDS 35,921 27,990

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

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

Jewellery Direct Supply Limited (Registered number: 05391786)

Balance Sheet - continued
31 December 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 23 July 2024 and were signed on its behalf by:





Mr T E Belson - Director


Jewellery Direct Supply Limited (Registered number: 05391786)

Notes to the Financial Statements
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Jewellery Direct Supply 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 2020, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery etc - 33% on cost and 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.


Jewellery Direct Supply Limited (Registered number: 05391786)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. ACCOUNTING POLICIES - continued
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 NIL (2022 - NIL).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 155,540
AMORTISATION
At 1 January 2023 93,324
Charge for year 31,108
At 31 December 2023 124,432
NET BOOK VALUE
At 31 December 2023 31,108
At 31 December 2022 62,216

Jewellery Direct Supply Limited (Registered number: 05391786)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 16,803
Additions 780
At 31 December 2023 17,583
DEPRECIATION
At 1 January 2023 14,891
Charge for year 52
At 31 December 2023 14,943
NET BOOK VALUE
At 31 December 2023 2,640
At 31 December 2022 1,912

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 993,636 658,214
Other debtors 65,933 71,014
1,059,569 729,228

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 2,200 16,830
Taxation and social security 12,047 3,700
Other creditors 1,037,814 761,021
1,062,061 791,551

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 14,435 24,436

Jewellery Direct Supply Limited

Report of the Accountants to the Directors of
Jewellery Direct Supply Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Westell Accountants
3 Bradfield Court
Drayton Mill, Milton Road
Drayton
Abingdon
Oxfordshire
OX14 4EF


Date: .............................................