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REGISTERED NUMBER: 08098958 (England and Wales)















TUDOR JEWELLERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






TUDOR JEWELLERS LIMITED (REGISTERED NUMBER: 08098958)

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


TUDOR JEWELLERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: E Marshall
C E Marshall
Mrs S E Kirk





REGISTERED OFFICE: 16 Jubilee Parkway
Jubilee Business Park
Derby
Derbyshire
DE21 4BJ





BUSINESS ADDRESS: 47 South Street
Ilkeston
Derbyshire
DE7 5QT





REGISTERED NUMBER: 08098958 (England and Wales)

TUDOR JEWELLERS LIMITED (REGISTERED NUMBER: 08098958)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,537 10,640

CURRENT ASSETS
Stocks 173,644 179,270
Debtors 5 7,086 -
Prepayments and accrued income 1,338 1,226
Cash at bank and in hand 11,289 18,947
193,357 199,443
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

125,900

138,648
NET CURRENT ASSETS 67,457 60,795
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,994

71,435

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

7

(31,190

)

-

PROVISIONS FOR LIABILITIES 9 (9,792 ) (2,022 )
NET ASSETS 78,012 69,413

CAPITAL AND RESERVES
Called up share capital 10 400 400
Retained earnings 77,612 69,013
SHAREHOLDERS' FUNDS 78,012 69,413

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 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.

TUDOR JEWELLERS LIMITED (REGISTERED NUMBER: 08098958)

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 Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





C E Marshall - Director


TUDOR JEWELLERS LIMITED (REGISTERED NUMBER: 08098958)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Tudor 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 represents net invoiced sales of goods and services, net of value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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.

TUDOR JEWELLERS LIMITED (REGISTERED NUMBER: 08098958)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 40,009 34,738 74,747
Additions 2,382 61,876 64,258
Disposals - (34,738 ) (34,738 )
At 31 March 2024 42,391 61,876 104,267
DEPRECIATION
At 1 April 2023 35,551 28,556 64,107
Charge for year 1,710 15,469 17,179
Eliminated on disposal - (28,556 ) (28,556 )
At 31 March 2024 37,261 15,469 52,730
NET BOOK VALUE
At 31 March 2024 5,130 46,407 51,537
At 31 March 2023 4,458 6,182 10,640

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 7,086 -

TUDOR JEWELLERS LIMITED (REGISTERED NUMBER: 08098958)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 18,377 20,442
Hire purchase contracts (see note 8) 5,542 -
Trade creditors 34,416 26,042
Taxation and social security 10,617 16,170
Other creditors 56,948 75,994
125,900 138,648

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 31,190 -

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 5,542 -
Between one and five years 31,190 -
36,732 -

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 9,792 2,022

Deferred
tax
£   
Balance at 1 April 2023 2,022
Provided during year 7,770
Balance at 31 March 2024 9,792

TUDOR JEWELLERS LIMITED (REGISTERED NUMBER: 08098958)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
400 Ordinary £1 400 400

11. CONTROLLING PARTY

The controlling party is C E Marshall.