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REGISTERED NUMBER: 05676732 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Jewel Stores Limited

Jewel Stores Limited (Registered number: 05676732)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Jewel Stores Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: J L Leslie
L J Torson





REGISTERED OFFICE: 47a Queen Street
Derby
Derbyshire
DE1 3DE





REGISTERED NUMBER: 05676732 (England and Wales)





ACCOUNTANTS: Bourne & Co.
Chartered Accountants
47a Queen Street
Derby
Derbyshire
DE1 3DE

Jewel Stores Limited (Registered number: 05676732)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,450 71,623

CURRENT ASSETS
Stocks 847,126 1,336,654
Debtors 5 650,339 342,800
Cash in hand 2,000 15,872
1,499,465 1,695,326
CREDITORS
Amounts falling due within one year 6 2,059,189 1,500,161
NET CURRENT (LIABILITIES)/ASSETS (559,724 ) 195,165
TOTAL ASSETS LESS CURRENT
LIABILITIES

(514,274

)

266,788

CAPITAL AND RESERVES
Called up share capital 7 90,100 90,100
Retained earnings (604,374 ) 176,688
SHAREHOLDERS' FUNDS (514,274 ) 266,788

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 21 October 2024 and were signed on its behalf by:





J L Leslie - Director


Jewel Stores Limited (Registered number: 05676732)

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

1. STATUTORY INFORMATION

Jewel Stores 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Short leasehold - 20% on cost
Fixtures and fittings - 20% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 33 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 February 2023 10,000 1,299,499 1,309,499
Additions 16,508 667 17,175
At 31 January 2024 26,508 1,300,166 1,326,674
DEPRECIATION
At 1 February 2023 9,667 1,228,209 1,237,876
Charge for year 1,434 41,914 43,348
At 31 January 2024 11,101 1,270,123 1,281,224
NET BOOK VALUE
At 31 January 2024 15,407 30,043 45,450
At 31 January 2023 333 71,290 71,623

Jewel Stores Limited (Registered number: 05676732)

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

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 15,828 74,767
Other debtors 567,519 190,955
583,347 265,722

Amounts falling due after more than one year:
Amounts recoverable on contract 66,992 77,078

Aggregate amounts 650,339 342,800

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 481,947 642,340
Trade creditors 1,225,026 474,527
Taxation and social security 203,602 227,034
Other creditors 148,614 156,260
2,059,189 1,500,161

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
90,100 Ordinary Shares £1 90,100 90,100

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
J L Leslie
Balance outstanding at start of year - -
Amounts advanced 110,321 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 110,321 -

L J Torson
Balance outstanding at start of year - -
Amounts advanced 134,885 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 134,885 -