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REGISTERED NUMBER: 04795856 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

JEWELITE TRADING LIMITED

JEWELITE TRADING LIMITED (REGISTERED NUMBER: 04795856)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JEWELITE TRADING LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2022







DIRECTOR: Richard Lorenzo Traviss





REGISTERED OFFICE: Suite Ro Morgan Reach House
136 Hagley Road
Birmingham
West Midlands
B16 9NX





REGISTERED NUMBER: 04795856 (England and Wales)





ACCOUNTANTS: Morgan Reach Chartered Certified Accountants
Morgan Reach House
136 Hagley Road
Birmingham
West Midlands
B16 9NX

JEWELITE TRADING LIMITED (REGISTERED NUMBER: 04795856)

BALANCE SHEET
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 124,471 152,041

CURRENT ASSETS
Debtors 5 155,698 227,212
Cash at bank 6,684 3,459
162,382 230,671
CREDITORS
Amounts falling due within one year 6 163,748 244,410
NET CURRENT LIABILITIES (1,366 ) (13,739 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,105

138,302

CREDITORS
Amounts falling due after more than one
year

7

9,630,965

10,161,734
NET LIABILITIES (9,507,860 ) (10,023,432 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (9,507,861 ) (10,023,433 )
(9,507,860 ) (10,023,432 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

JEWELITE TRADING LIMITED (REGISTERED NUMBER: 04795856)

BALANCE SHEET - continued
31 December 2022


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 12 September 2024 and were signed by:





Richard Lorenzo Traviss - Director


JEWELITE TRADING LIMITED (REGISTERED NUMBER: 04795856)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Jewelite Trading 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.

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 - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

JEWELITE TRADING LIMITED (REGISTERED NUMBER: 04795856)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Improvements
to Computer
property equipment Totals
£    £    £   
COST
At 1 January 2022
and 31 December 2022 270,325 3,821 274,146
DEPRECIATION
At 1 January 2022 119,896 2,209 122,105
Charge for year 27,033 537 27,570
At 31 December 2022 146,929 2,746 149,675
NET BOOK VALUE
At 31 December 2022 123,396 1,075 124,471
At 31 December 2021 150,429 1,612 152,041

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 2,000 20,000
Other debtors 153,698 207,212
155,698 227,212

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 79,713 214,410
VAT 75,702 -
Accruals and deferred income - 30,000
Accrued expenses 8,333 -
163,748 244,410

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Other creditors 536,426 663,921
Directors current account 9,094,539 9,497,813
9,630,965 10,161,734