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Registered Number: 04469377
England and Wales

 

 

 

S & E GOLDSMITHS LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Directors Angela Jane Shelbourne
Robert Martin Evans
Stephen Mason Shelbourne
Registered Number 04469377
Registered Office 8 St Johns Square
Grange Precinct
Birkenhead
CH41 2XU
Accountants Woods Squared Limited
The Old School
188 Liscard Road
Wallasey
Wirral
CH44 5TN
Secretary Angela Jane Shelbourne
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 31 March 2024.
Principal activities
The principal activity of the company during the financial year was that of the provision of jewellery retail and repair.
Directors
The directors who served the company throughout the year were as follows:
Angela Jane Shelbourne
Robert Martin Evans
Stephen Mason Shelbourne
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Angela Jane Shelbourne
Director

Date approved: 22 July 2024
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 1,211    2,116 
1,211    2,116 
Current assets      
Stocks 5 226,135    235,642 
Debtors: amounts falling due within one year 6 23,652    35,267 
Cash at bank and in hand 2,742    16,232 
252,529    287,141 
Creditors: amount falling due within one year 7 (224,842)   (250,469)
Net current assets 27,687    36,672 
 
Total assets less current liabilities 28,898    38,788 
Creditors: amount falling due after more than one year 8 (12,500)   (22,500)
Provisions for liabilities 9 11    (108)
Net assets 16,409    16,180 
 

Capital and reserves
     
Called up share capital 3    3 
Profit and loss account 16,406    16,177 
Shareholders' funds 16,409    16,180 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 22 July 2024 and were signed on its behalf by:


-------------------------------
Angela Jane Shelbourne
Director
3
General Information
S & E Goldsmiths Limited is a private company, limited by shares, registered in England and Wales, registration number 04469377, registration address 8 St Johns Square, Grange Precinct, Birkenhead, CH41 2XU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25% Straight Line
Fixtures and Fittings 15% Straight Line
Land and Buildings 5% Straight Line
Plant and Machinery 25% Straight Line
Motor Vehicles 25% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees


Average number of employees during the year was 13 (2023 : 15).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 April 2023 240,000    240,000 
Additions  
Disposals  
At 31 March 2024 240,000    240,000 
Amortisation
At 01 April 2023 240,000    240,000 
Charge for year  
On disposals  
At 31 March 2024 240,000    240,000 
Net book values
At 31 March 2024  
At 31 March 2023  


4.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £   £
At 01 April 2023 108,986    31,459    274    157,062    82,800    380,581 
Additions          
Disposals          
At 31 March 2024 108,986    31,459    274    157,062    82,800    380,581 
Depreciation
At 01 April 2023 108,986    31,459    274    157,062    80,684    378,465 
Charge for year         905    905 
On disposals          
At 31 March 2024 108,986    31,459    274    157,062    81,589    379,370 
Net book values
Closing balance as at 31 March 2024         1,211    1,211 
Opening balance as at 01 April 2023         2,116    2,116 


5.

Stocks

2024
£
  2023
£
Stocks 226,135    235,642 
226,135    235,642 

6.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 10,319    18,319 
Other Debtors 13,333    16,948 
23,652    35,267 

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 45,565    43,185 
Bank Loans & Overdrafts 10,000    10,000 
Taxation and Social Security 20,630    23,616 
Other Creditors 148,647    173,668 
224,842    250,469 

8.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 12,500    22,500 
12,500    22,500 

9.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax (11)   108 
(11)   108 

4