Company registration number 6776305 (England and Wales)
ASHLEY'S JEWELLERY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
ASHLEY'S JEWELLERY LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
ASHLEY'S JEWELLERY LTD
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
8,158
9,682
Current assets
Stocks
162,000
165,000
Debtors
4
2,882
2,004
Cash at bank and in hand
3,679
2,691
168,561
169,695
Creditors: amounts falling due within one year
5
(139,365)
(127,600)
Net current assets
29,196
42,095
Total assets less current liabilities
37,354
51,777
Creditors: amounts falling due after more than one year
6
(30,093)
(35,645)
Net assets
7,261
16,132
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
7,161
16,032
Total equity
7,261
16,132
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 25 March 2024 and are signed on its behalf by:
Mr T McCoy
Director
Company Registration No. 6776305
ASHLEY'S JEWELLERY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information
Ashley's Jewellery Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 48 High Street, Broadstairs, Kent, England, CT10 1JT.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
15% reducing balance
Fixtures and fittings
15% reducing balance
Computers
25% reducing balance
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
5
6
ASHLEY'S JEWELLERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 January 2023 and 31 December 2023
7,301
8,142
1,306
16,749
Depreciation and impairment
At 1 January 2023
795
5,701
571
7,067
Depreciation charged in the year
975
366
183
1,524
At 31 December 2023
1,770
6,067
754
8,591
Carrying amount
At 31 December 2023
5,531
2,075
552
8,158
At 31 December 2022
6,506
2,441
735
9,682
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
2,162
1,284
Prepayments and accrued income
720
720
2,882
2,004
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
10,634
15,292
Trade creditors
49,943
61,743
Taxation and social security
5,956
3,120
Other creditors
71,382
46,047
Accruals and deferred income
1,450
1,398
139,365
127,600
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
30,093
35,645