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Registered number: 02820935
Cambridge Investment Jewellers Ltd.
Unaudited Financial Statements
For The Year Ended 30 June 2024
ERC Accountants & Business Advisers Limited
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—7
Page 1
Company Information
Directors Mr B G Eastaway
Mrs P Eastaway
Secretary Mr B G Eastaway
Company Number 02820935
Registered Office Hanover Buildings
11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
Accountants ERC Accountants & Business Advisers Limited
Chartered Accountants
Hanover Buildings, 11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
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Page 2
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Cambridge Investment Jewellers Ltd. for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Cambridge Investment Jewellers Ltd. for the year ended 30 June 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Cambridge Investment Jewellers Ltd. , as a body, in accordance with the terms of our engagement letter dated 27 March 2024. Our work has been undertaken solely to prepare for your approval the accounts of Cambridge Investment Jewellers Ltd. and state those matters that we have agreed to state to the directors of Cambridge Investment Jewellers Ltd. , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cambridge Investment Jewellers Ltd. and its directors, as a body, for our work or for this report.
It is your duty to ensure that Cambridge Investment Jewellers Ltd. 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 or loss of Cambridge Investment Jewellers Ltd. . You consider that Cambridge Investment Jewellers Ltd. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Cambridge Investment Jewellers Ltd. . 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 financial statements.
Signed
ERC Accountants & Business Advisors
16 October 2024
ERC Accountants & Business Advisers Limited
Chartered Accountants
Hanover Buildings, 11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
Page 2
Page 3
Balance Sheet
Registered number: 02820935
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 498 553
498 553
CURRENT ASSETS
Stocks 5 - 91,121
Debtors 6 23,564 3,040
Cash at bank and in hand 45,810 4,485
69,374 98,646
Creditors: Amounts Falling Due Within One Year 7 (91,582 ) (94,637 )
NET CURRENT ASSETS (LIABILITIES) (22,208 ) 4,009
TOTAL ASSETS LESS CURRENT LIABILITIES (21,710 ) 4,562
Creditors: Amounts Falling Due After More Than One Year 8 - (9,876 )
NET LIABILITIES (21,710 ) (5,314 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (21,810 ) (5,414 )
SHAREHOLDERS' FUNDS (21,710) (5,314)
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For the year ending 30 June 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr B G Eastaway
Director
16 October 2024
The notes on pages 5 to 7 form part of these financial statements.
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Page 5
Notes to the Financial Statements
1. General Information
Cambridge Investment Jewellers Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 02820935 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. 
The financial statements are prepared in sterling, which is the functional currency of the entity.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.4. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures and fittings 10% reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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2.8. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures and fittings
£
Cost
As at 1 July 2023 6,545
As at 30 June 2024 6,545
Depreciation
As at 1 July 2023 5,992
Provided during the period 55
As at 30 June 2024 6,047
Net Book Value
As at 30 June 2024 498
As at 1 July 2023 553
5. Stocks
2024 2023
£ £
Stock - 91,121
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 16,134 1,018
Other debtors 1,207 1,187
Deferred tax current asset 6,223 835
23,564 3,040
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 18,999 15,351
Bank loans and overdrafts - 4,398
Other taxes and social security 636 1,199
VAT 13,126 2,157
Accruals and deferred income - 2,374
Directors' loan accounts 58,821 69,158
91,582 94,637
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 9,876
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year - 4,700
- 4,700
11. Related Party Transactions
The following related party transactions were undertaken during the year:
A director of the company, introduced amounts totalling £Nil (2023: £8,777), withdrew amounts totalling £10,337 (2023: £7,251) and repaid amounts totalling £Nil (2022: £Nil). At the balance sheet date the amount payable was £58,821(2023: £69,158).
The aggregate remuneration paid to key management personnel for the year was £21,676 (2023: £25,564).
No further transactions with related parties were undertaken, other than those under normal market conditions, such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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