Company Registration No. 08848311 (England and Wales)
PAGE FINE JEWELLERY LIMITED
Unaudited accounts
for the year ended 31 March 2024
PAGE FINE JEWELLERY LIMITED
Unaudited accounts
Contents
PAGE FINE JEWELLERY LIMITED
Company Information
for the year ended 31 March 2024
Directors
C A Page
C Page
K Page
Company Number
08848311 (England and Wales)
Registered Office
18 Market Street
Ely
CB7 4LS
England
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
PAGE FINE JEWELLERY LIMITED
Accountants' report
Accountants' report to the board of directors of PAGE FINE JEWELLERY LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
PAGE FINE JEWELLERY LIMITED for the year ended
31 March 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of PAGE FINE JEWELLERY LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of PAGE FINE JEWELLERY LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PAGE FINE JEWELLERY LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that PAGE FINE JEWELLERY LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of PAGE FINE JEWELLERY LIMITED. You consider that PAGE FINE JEWELLERY LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of PAGE FINE JEWELLERY LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
31 August 2024
PAGE FINE JEWELLERY LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
4,522
16,686
Inventories
682,775
501,149
Cash at bank and in hand
1,754
23,355
Creditors: amounts falling due within one year
(239,303)
(197,708)
Net current assets
460,214
349,694
Total assets less current liabilities
469,536
371,180
Creditors: amounts falling due after more than one year
(189,261)
(214,389)
Provisions for liabilities
Net assets
280,275
153,621
Called up share capital
1,000
1,000
Profit and loss account
279,275
152,621
Shareholders' funds
280,275
153,621
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 31 August 2024 and were signed on its behalf by
C Page
Director
Company Registration No. 08848311
PAGE FINE JEWELLERY LIMITED
Notes to the Accounts
for the year ended 31 March 2024
PAGE FINE JEWELLERY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08848311. The registered office is 18 Market Street, Ely, CB7 4LS, 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:
Land & buildings
20% straight line
Motor vehicles
20% straight line
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill - 20% straight line
4
Intangible fixed assets
Goodwill
PAGE FINE JEWELLERY LIMITED
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
33,646
1,100
119,874
36,550
191,170
Additions
-
-
-
2,663
2,663
At 31 March 2024
33,646
1,100
119,874
39,213
193,833
At 1 April 2023
24,686
1,100
117,429
31,269
174,484
Charge for the year
6,729
-
2,445
5,653
14,827
At 31 March 2024
31,415
1,100
119,874
36,922
189,311
At 31 March 2024
2,231
-
-
2,291
4,522
At 31 March 2023
8,960
-
2,445
5,281
16,686
6
Investments
Other investments
Valuation at 1 April 2023
4,800
Valuation at 31 March 2024
4,800
Amounts falling due within one year
Other debtors
13,234
13,234
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
62,769
10,000
Trade creditors
89,146
51,179
Taxes and social security
78,711
65,875
Loans from directors
5,797
70,654
9
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
177,649
192,670
PAGE FINE JEWELLERY LIMITED
Notes to the Accounts
for the year ended 31 March 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
(70,654)
83,344
18,486
(5,796)
(70,654)
83,344
18,486
(5,796)
11
Average number of employees
During the year the average number of employees was 11 (2023: 11).