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REGISTERED NUMBER: 04473692 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Walsh Brothers Jewellery Ltd.

Walsh Brothers Jewellery Ltd. (Registered number: 04473692)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Walsh Brothers Jewellery Ltd.

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs J Stephenson
J Stephenson





SECRETARY: Mrs J Stephenson





REGISTERED OFFICE: 118 High Street
Beckenham
Kent
BR3 1EB





REGISTERED NUMBER: 04473692 (England and Wales)





ACCOUNTANTS: AFS Accountants
1st Floor Office
190 London Road
Westerham
Kent
TN16 2DJ

Walsh Brothers Jewellery Ltd. (Registered number: 04473692)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 49 65
49 65

CURRENT ASSETS
Stocks 41,537 78,007
Debtors 6 5,789 6,575
Cash in hand 955 595
48,281 85,177
CREDITORS
Amounts falling due within one year 7 64,338 85,095
NET CURRENT (LIABILITIES)/ASSETS (16,057 ) 82
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,008

)

147

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (16,108 ) 47
SHAREHOLDERS' FUNDS (16,008 ) 147

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 directors acknowledge their 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.

Walsh Brothers Jewellery Ltd. (Registered number: 04473692)

Balance Sheet - 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 Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:




Mrs J Stephenson - Director



J Stephenson - Director


Walsh Brothers Jewellery Ltd. (Registered number: 04473692)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Walsh Brothers 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.

Turnover
Turnover 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 2008, is being amortised evenly over its estimated useful life of nine 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.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 4 (2023 - 3 ) .

Walsh Brothers Jewellery Ltd. (Registered number: 04473692)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 75,000
AMORTISATION
At 1 April 2023
and 31 March 2024 75,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 3,661
DEPRECIATION
At 1 April 2023 3,596
Charge for year 16
At 31 March 2024 3,612
NET BOOK VALUE
At 31 March 2024 49
At 31 March 2023 65

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 289 1,075
Other debtors 5,500 5,500
5,789 6,575

Walsh Brothers Jewellery Ltd. (Registered number: 04473692)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 15,706 6,111
Trade creditors 36,836 38,912
Taxation and social security 6,736 7,402
Other creditors 5,060 32,670
64,338 85,095