Registered number
05331997
Amber Hall Jewellery Ltd
Filleted Accounts
31 January 2024
Amber Hall Jewellery Ltd
Registered number: 05331997
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Current assets
Stocks 206,956 201,053
Debtors 3 7,614 4,376
214,570 205,429
Creditors: amounts falling due within one year 4 (212,941) (195,016)
Net current assets 1,629 10,413
Total assets less current liabilities 1,629 10,413
Creditors: amounts falling due after more than one year 5 (13,300) (22,400)
Net liabilities (11,671) (11,987)
Capital and reserves
Called up share capital 100 100
Profit and loss account (11,771) (12,087)
Shareholders' funds (11,671) (11,987)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sylwia Libicka
Director
Approved by the board on 26 October 2024
Amber Hall Jewellery Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Debtors 2024 2023
£ £
Other debtors 7,614 4,376
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,255 10,788
Trade creditors 16,678 14,129
Taxation and social security costs 33,158 40,258
Other creditors - shareholder loan 152,850 129,841
212,941 195,016
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,300 22,400
6 Other information
Amber Hall Jewellery Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Mermond Place
Mermond Place
Swanage
Dorset
BH19 1DG
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