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REGISTERED NUMBER: 08634244 (England and Wales)















RED BEAR JEWELLERY LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






RED BEAR JEWELLERY LTD (REGISTERED NUMBER: 08634244)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

RED BEAR JEWELLERY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs G C Patrick





REGISTERED OFFICE: 140 Hawthorne Way
Shelley
HUDDERSFIELD
West Yorkshire
HD8 8PX





REGISTERED NUMBER: 08634244 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

RED BEAR JEWELLERY LTD (REGISTERED NUMBER: 08634244)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 752 714
752 714

CURRENT ASSETS
Inventories 11,731 6,468
Debtors 6 11,239 13,328
Cash at bank 38,109 68,866
61,079 88,662
CREDITORS
Amounts falling due within one year 7 15,938 30,475
NET CURRENT ASSETS 45,141 58,187
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,893

58,901

CREDITORS
Amounts falling due after more than one
year

8

8,333

12,544
NET ASSETS 37,560 46,357

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 37,460 46,257
SHAREHOLDERS' FUNDS 37,560 46,357

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

RED BEAR JEWELLERY LTD (REGISTERED NUMBER: 08634244)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 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 17 September 2024 and were signed by:





Mrs G C Patrick - Director


RED BEAR JEWELLERY LTD (REGISTERED NUMBER: 08634244)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Red Bear Jewellery Ltd 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor Vehicles - 25% on cost
Office Equipment - 20% on cost

Stocks
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

RED BEAR JEWELLERY LTD (REGISTERED NUMBER: 08634244)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 25,000
AMORTISATION
At 1 April 2023
and 31 March 2024 25,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Office
Machinery Vehicles Equipment Totals
£    £    £    £   
COST
At 1 April 2023 225 3,500 3,401 7,126
Additions - - 250 250
At 31 March 2024 225 3,500 3,651 7,376
DEPRECIATION
At 1 April 2023 224 3,500 2,688 6,412
Charge for year - - 212 212
At 31 March 2024 224 3,500 2,900 6,624
NET BOOK VALUE
At 31 March 2024 1 - 751 752
At 31 March 2023 1 - 713 714

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade Debtors - 140
Directors' Current Accounts 9,079 9,668
VAT - 1,455
Prepayments 2,160 2,065
11,239 13,328

RED BEAR JEWELLERY LTD (REGISTERED NUMBER: 08634244)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 5,790
Trade Creditors 3,423 5,879
Corporation Tax 841 9,306
VAT 113 -
Other Creditors 2,120 2,947
Accrued Expenses 4,441 6,553
15,938 30,475

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank Loans - 1-2 Years 5,000 5,790
Bank Loans - 2-5 Years 3,333 6,754
8,333 12,544

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Share capital 1 £1 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mrs G C Patrick
Balance outstanding at start of year 9,668 -
Amounts advanced 9,079 9,668
Amounts repaid (9,668 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,079 9,668

11. RELATED PARTY DISCLOSURES

During the year the company repaid £0 (2023: £0) to T Graham. At the year end £501 (2023: £501) was outstanding.

RED BEAR JEWELLERY LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
RED BEAR JEWELLERY LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages two to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


17 September 2024