BrightAccountsProduction v1.0.0 v1.0.0 2023-02-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The purchase and resale of watches and jewellery 30 October 2024 3 3 12405437 2024-01-31 12405437 2023-01-31 12405437 2022-01-31 12405437 2023-02-01 2024-01-31 12405437 2022-02-01 2023-01-31 12405437 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12405437 uk-curr:PoundSterling 2023-02-01 2024-01-31 12405437 uk-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12405437 uk-bus:FullAccounts 2023-02-01 2024-01-31 12405437 uk-bus:Director1 2023-02-01 2024-01-31 12405437 uk-bus:Director2 2023-02-01 2024-01-31 12405437 uk-bus:RegisteredOffice 2023-02-01 2024-01-31 12405437 uk-bus:Agent1 2023-02-01 2024-01-31 12405437 uk-core:ShareCapital 2024-01-31 12405437 uk-core:ShareCapital 2023-01-31 12405437 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 12405437 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 12405437 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-01-31 12405437 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-01-31 12405437 uk-bus:FRS102 2023-02-01 2024-01-31 12405437 uk-core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 12405437 uk-core:CurrentFinancialInstruments 2024-01-31 12405437 uk-core:CurrentFinancialInstruments 2023-01-31 12405437 uk-core:CurrentFinancialInstruments 2024-01-31 12405437 uk-core:CurrentFinancialInstruments 2023-01-31 12405437 uk-core:WithinOneYear 2024-01-31 12405437 uk-core:WithinOneYear 2023-01-31 12405437 uk-core:AfterOneYear 2024-01-31 12405437 uk-core:AfterOneYear 2023-01-31 12405437 2023-02-01 2024-01-31 12405437 uk-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 12405437
 
 
Wilkinsons Jewellery & Watches Limited
 
Directors' Report and Unaudited Financial Statements
 
for the financial year ended 31 January 2024



Wilkinsons Jewellery & Watches Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Llewis Wilkinson
Kelly Ann Hedges
 
 
Company Registration Number 12405437
 
 
Registered Office and Business Address L2f7, Cams Hall Business Centre, The Mansion
Cams Hall Estate, Porchester Road
Fareham
Hampshire
PO16 8AB
United Kingdom
 
 
Accountants Blackpoint Accounting Limited
194A Sea Front
Hayling Island
Hampshire
PO11 9HR
GB



Wilkinsons Jewellery & Watches Limited
DIRECTORS' REPORT
for the financial year ended 31 January 2024

 
The directors present their report and the unaudited financial statements for the financial year ended 31 January 2024.
 
Principal Activity
The purchase and resale of watches and jewellery
     
Directors
The directors who served during the financial year are as follows:
     
Llewis Wilkinson
Kelly Ann Hedges
   
There were no changes in shareholdings between 31 January 2024 and the date of signing the financial statements.
     
In accordance with the Constitution, the directors retire by rotation and, being eligible, offer themselves for re-election.
     
Political Contributions
The company did not make any disclosable political donations in the current financial year.
     
Statement of directors' Responsibilities and Declaration on Unaudited Financial Statements
     
General responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:
- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Directors' declaration on unaudited financial statements
In relation to the financial statements comprising the Balance Sheet and the related notes:
     
The directors approve these financial statements and confirm that they are responsible for them, including selecting the appropriate accounting policies, applying them consistently and making, on a reasonable and prudent basis, the judgements underlying them. They have been prepared on the going concern basis on the grounds that the company will continue in business.
     
The directors confirm that they have made available to Blackpoint Accounting Limited, all the company's accounting records and provided all the information, books and documents necessary for the compilation of the financial statements.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
___________________________ ___________________________
Llewis Wilkinson Kelly Ann Hedges
Director Director
     
30 October 2024 30 October 2024



Wilkinsons Jewellery & Watches Limited
Company Registration Number: 12405437
BALANCE SHEET
as at 31 January 2024

2024 2023
Notes £ £
 
Non-Current Assets
Tangible assets 5 592 888
───────── ─────────
 
Current Assets
Debtors 6 151,568 17,375
Cash and cash equivalents 92,361 260,573
───────── ─────────
243,929 277,948
───────── ─────────
Creditors: amounts falling due within one year 7 (67,295) (55,266)
───────── ─────────
Net Current Assets 176,634 222,682
───────── ─────────
Total Assets less Current Liabilities 177,226 223,570
 
Creditors:
amounts falling due after more than one year 8 (1,484) (99,819)
───────── ─────────
Net Assets 175,742 123,751
═════════ ═════════
 
Equity
Called up share capital 100 100
Retained earnings 175,642 123,651
───────── ─────────
Equity attributable to owners of the company 175,742 123,751
═════════ ═════════
 
These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account.
           
For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 30 October 2024 and signed on its behalf by
           
           
________________________________     ________________________________
Llewis Wilkinson     Kelly Ann Hedges
Director     Director
           



Wilkinsons Jewellery & Watches Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 January 2024

   
1. General Information
 
Wilkinsons Jewellery & Watches Limited is a company limited by shares incorporated and registered in the England. The registered number of the company is 12405437. The registered office of the company is L2f7, Cams Hall Business Centre, The Mansion, Cams Hall Estate, Porchester Road, Fareham, Hampshire, PO16 8AB, United Kingdom which is also the principal place of business of the company. The purchase and resale of watches and jewellery The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 January 2024 have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS 102) issued by the Financial Reporting Council and in accordance with the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Cash flow statement
The company has availed of the exemption in FRS 102 from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 3, (2023 - 3).
 
  2024 2023
  Number Number
 
Administration 3 3
  ═════════ ═════════
       
4. Tax on profit
  2024 2023
  £ £
Analysis of charge in the financial year
 
Current tax:
Corporation tax at 20.00% (2023 - 19.00%) 12,998 23,662
  ═════════ ═════════
       
5. Tangible assets
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 February 2023 1,480 1,480
  ───────── ─────────
 
At 31 January 2024 1,480 1,480
  ───────── ─────────
Depreciation
At 1 February 2023 592 592
Charge for the financial year 296 296
  ───────── ─────────
At 31 January 2024 888 888
  ───────── ─────────
Net book value
At 31 January 2024 592 592
  ═════════ ═════════
At 31 January 2023 888 888
  ═════════ ═════════
       
6. Debtors 2024 2023
  £ £
 
Amounts owed by group undertakings 130,826 8,883
Taxation and social security costs (Note 9) 20,742 8,492
  ───────── ─────────
  151,568 17,375
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Taxation and social security costs (Note 9) 54,605 42,576
Other creditors 10,100 10,100
Accruals 2,590 2,590
  ───────── ─────────
  67,295 55,266
  ═════════ ═════════
       
8. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Directors' loan accounts 1,484 99,819
  ═════════ ═════════
 
       
9. Taxation and social security 2024 2023
  £ £
 
Debtors:
VAT 20,742 8,492
  ═════════ ═════════
Creditors:
Corporation tax 41,746 28,748
PAYE / NI 12,859 13,828
  ───────── ─────────
  54,605 42,576
  ═════════ ═════════
       
10. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 January 2024.
   
11. Directors' advances, credits and guarantees
 
During the financial year, the company did not make any loans to directors.
   
12. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.