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REGISTERED NUMBER: 05639062 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Jewell Wright Limited

Jewell Wright Limited (Registered number: 05639062)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jewell Wright Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J D Jewell





SECRETARY: K A Richardson





REGISTERED OFFICE: A Xeinadin Company
2 Beacon End Courtyard
London Road, Stanway
Colchester
Essex
CO3 0NU





REGISTERED NUMBER: 05639062 (England and Wales)





ACCOUNTANTS: Passmore Weeks and Richardson
A Xeinadin Company
2 Beacon End Courtyard
London Road, Stanway
Colchester
Essex
CO3 0NU

Jewell Wright Limited (Registered number: 05639062)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,680 2,160
Tangible assets 5 2,362 1,790
4,042 3,950

CURRENT ASSETS
Debtors 6 174,279 356,103
Cash at bank and in hand 34,351 84,289
208,630 440,392
CREDITORS
Amounts falling due within one year 7 190,615 349,461
NET CURRENT ASSETS 18,015 90,931
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,057

94,881

CREDITORS
Amounts falling due after more than one
year

8

(10,419

)

(16,465

)

PROVISIONS FOR LIABILITIES (340 ) (340 )
NET ASSETS 11,298 78,076

CAPITAL AND RESERVES
Called up share capital 10,358 10,358
Share premium 62,623 62,623
Retained earnings (61,683 ) 5,095
SHAREHOLDERS' FUNDS 11,298 78,076

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Jewell Wright Limited (Registered number: 05639062)

Balance Sheet - continued
31 March 2024


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 16 August 2024 and were signed by:





J D Jewell - Director


Jewell Wright Limited (Registered number: 05639062)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Jewell Wright 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.

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

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 cost

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.

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.

Jewell Wright Limited (Registered number: 05639062)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 4,800
AMORTISATION
At 1 April 2023 2,640
Charge for year 480
At 31 March 2024 3,120
NET BOOK VALUE
At 31 March 2024 1,680
At 31 March 2023 2,160

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 9,051
Additions 1,823
At 31 March 2024 10,874
DEPRECIATION
At 1 April 2023 7,261
Charge for year 1,251
At 31 March 2024 8,512
NET BOOK VALUE
At 31 March 2024 2,362
At 31 March 2023 1,790

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 147,755 351,422
Other debtors 26,524 4,681
174,279 356,103

Jewell Wright Limited (Registered number: 05639062)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 6,046 5,897
Trade creditors 133,080 299,865
Taxation and social security 41,389 39,193
Other creditors 10,100 4,506
190,615 349,461

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 10,419 16,465