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REGISTERED NUMBER: SC275131 (Scotland)




















Tisan Jewellery Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Tisan Jewellery Limited (Registered number: SC275131)






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


Tisan Jewellery Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: B W Dalrymple



SECRETARY: A Dalrymple



REGISTERED OFFICE: Quarryford House
Gifford
East Lothian
EH41 4PL



REGISTERED NUMBER: SC275131 (Scotland)



ACCOUNTANTS: Whitelaw Wells
The Lighthouse
Heugh Road
North Berwick
EH39 5PX



BANKERS: Lloyds TSB
Edinburgh Business & Commerce
PO Box 177
120 George Street
Edinburgh
EH2 4TS

Tisan Jewellery Limited (Registered number: SC275131)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 67,209 64,225
Debtors 6 143 6,294
Cash at bank and in hand 21,303 25,984
88,655 96,503
CREDITORS
Amounts falling due within one year 7 65,647 71,148
NET CURRENT ASSETS 23,008 25,355
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,008

25,355

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,908 25,255
SHAREHOLDERS' FUNDS 23,008 25,355

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 her 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.

Tisan Jewellery Limited (Registered number: SC275131)

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 19 August 2024 and were signed by:





B W Dalrymple - Director


Tisan Jewellery Limited (Registered number: SC275131)

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

1. STATUTORY INFORMATION

Tisan Jewellery Limited is a private company, limited by shares , registered in Scotland. 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 and revenue recognition
Turnover represents the fair value of the sale of jewellery. Revenue is recognised when the company has delivered products to the customer, the customer has accepted the products, and collectability of the related receivables if fairly assured.

Intangible fixed assets
Amortisation of the website development cost has been written off in equal instalments over a four year term.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on cost

Stocks
Inventories have been valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

Going concern
The financial statements have been prepared on the going concern principle which assumes that the company will continue to trade in the foreseeable future. In order to do so the company will require the continued support of its director. The director will continue to support the company for the foreseeable future.

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Tisan Jewellery Limited (Registered number: SC275131)

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 1 (2023 - 1 ) .

4. WEBSITE DEVELOPMENT
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 12,444
AMORTISATION
At 1 April 2023
and 31 March 2024 12,444
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 April 2023
and 31 March 2024 3,861
DEPRECIATION
At 1 April 2023
and 31 March 2024 3,861
NET BOOK VALUE
At 31 March 2024 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 143 6,294

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 65,647 71,148

Tisan Jewellery Limited (Registered number: SC275131)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Included in other creditors is a loan from the director, which is interest free and repayable on demand. The director will not recall the loan until there is sufficient funds to do so.