Company Registration No. 05930899 (England and Wales)
Jewelcity limited
Unaudited accounts
for the year ended 31 December 2023
Jewelcity limited
Unaudited accounts
Contents
Jewelcity limited
Company Information
for the year ended 31 December 2023
Company Number
05930899 (England and Wales)
Registered Office
1ST FLOOR, 1 BISHOPS COURT, LINCOLNS INN
CRESSEX BUSINESS PARK
HIGH WYCOMBE
HP12 3RE
ENGLAND
Jewelcity limited
Statement of financial position
as at 31 December 2023
Inventories
324,812
600,000
Cash at bank and in hand
161,679
131,438
Creditors: amounts falling due within one year
(510,849)
(662,133)
Net current assets
441,545
433,946
Total assets less current liabilities
441,545
433,946
Creditors: amounts falling due after more than one year
(174,386)
(238,070)
Net assets
267,159
195,876
Called up share capital
1,000
1,000
Profit and loss account
266,159
194,876
Shareholders' funds
267,159
195,876
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 September 2024 and were signed on its behalf by
D Xia
Director
Company Registration No. 05930899
Jewelcity limited
Notes to the Accounts
for the year ended 31 December 2023
Jewelcity limited is a private company, limited by shares, registered in England and Wales, registration number 05930899. The registered office is 1ST FLOOR, 1 BISHOPS COURT, LINCOLNS INN, CRESSEX BUSINESS PARK, HIGH WYCOMBE, HP12 3RE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2023
15,011
32,800
47,811
At 31 December 2023
15,011
32,800
47,811
At 1 January 2023
15,011
32,800
47,811
At 31 December 2023
15,011
32,800
47,811
Amounts falling due within one year
Trade debtors
112,136
64,742
Amounts due from group undertakings etc.
341,710
-
Other debtors
12,057
299,899
Jewelcity limited
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,984
10,984
Trade creditors
177,754
175,912
Amounts owed to group undertakings and other participating interests
237,320
272,517
Taxes and social security
65,695
62,301
Proposed dividends
-
32,000
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
174,386
238,070
8
Average number of employees
During the year the average number of employees was 10 (2022: 10).