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REGISTERED NUMBER: 01425912 (England and Wales)








Unaudited Financial Statements

for the Year Ended

30 June 2024

for

Bicknells Jewellers Limited

Bicknells Jewellers Limited (Registered number: 01425912)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bicknells Jewellers Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: A P Bicknell





REGISTERED OFFICE: 12 Vyse Street
Hockley
Birmingham
West Midlands
B18 6LE





REGISTERED NUMBER: 01425912 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Bicknells Jewellers Limited (Registered number: 01425912)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 90,026 113,097

CURRENT ASSETS
Stocks 739,868 860,200
Debtors 5 18,649 22,676
Cash at bank and in hand 51,381 29,055
809,898 911,931
CREDITORS
Amounts falling due within one year 6 680,834 643,697
NET CURRENT ASSETS 129,064 268,234
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,090

381,331

CREDITORS
Amounts falling due after more than one
year

7

(94,015

)

(238,196

)

PROVISIONS FOR LIABILITIES (22,500 ) (20,554 )
NET ASSETS 102,575 122,581

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 102,475 122,481
SHAREHOLDERS' FUNDS 102,575 122,581

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Bicknells Jewellers Limited (Registered number: 01425912)

Balance Sheet - continued
30 June 2024


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 30 September 2024 and were signed by:





A P Bicknell - Director


Bicknells Jewellers Limited (Registered number: 01425912)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Bicknells Jewellers 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.
Long leasehold - 20% on reducing balance
Plant and machinery - 25% on cost and 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 14 ) .

Bicknells Jewellers Limited (Registered number: 01425912)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Long Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 129,649 330,718 72,995 11,386 544,748
Additions - 1,285 - 1,260 2,545
At 30 June 2024 129,649 332,003 72,995 12,646 547,293
DEPRECIATION
At 1 July 2023 124,729 290,403 9,733 6,786 431,651
Charge for year 982 8,326 12,652 3,656 25,616
At 30 June 2024 125,711 298,729 22,385 10,442 457,267
NET BOOK VALUE
At 30 June 2024 3,938 33,274 50,610 2,204 90,026
At 30 June 2023 4,920 40,315 63,262 4,600 113,097

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,135
Amounts owed by group undertakings 10,400 -
Prepayments 8,249 21,541
18,649 22,676

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 130,841 125,468
Hire purchase contracts 13,340 13,330
Trade creditors 312,604 325,786
Tax 22,012 16,429
Social security and other taxes 26,878 42,847
Other creditors 69,978 17,531
Directors' current accounts 100,677 100,340
Accruals and deferred income 4,504 1,966
680,834 643,697

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 61,802 192,643
Hire purchase contracts 32,213 45,553
94,015 238,196

8. RELATED PARTY DISCLOSURES

Included in creditors is an amount due to the director of £100,677 (2023: £100,340).