REGISTERED NUMBER: |
BRAZEN JEWELLERY LTD |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2024 |
REGISTERED NUMBER: |
BRAZEN JEWELLERY LTD |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2024 |
BRAZEN JEWELLERY LTD (REGISTERED NUMBER: SC266272) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 28 February 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
BRAZEN JEWELLERY LTD |
COMPANY INFORMATION |
For The Year Ended 28 February 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
16 Royal Crescent |
Glasgow |
G3 7SL |
BRAZEN JEWELLERY LTD (REGISTERED NUMBER: SC266272) |
BALANCE SHEET |
28 February 2024 |
28.2.24 | 28.2.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
BRAZEN JEWELLERY LTD (REGISTERED NUMBER: SC266272) |
BALANCE SHEET - continued |
28 February 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
BRAZEN JEWELLERY LTD (REGISTERED NUMBER: SC266272) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 28 February 2024 |
1. | STATUTORY INFORMATION |
Brazen Jewellery Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover comprises the value of goods and services supplied by the company in the year, excluding value added tax and net of trade discounts. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks and work in progress |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Financial instruments |
Basic financial liabilities, including trade and other payables, bank loans and other loans that are classified as debt, are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method. |
Taxation |
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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 |
BRAZEN JEWELLERY LTD (REGISTERED NUMBER: SC266272) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 28 February 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 March 2023 |
Additions |
At 28 February 2024 |
DEPRECIATION |
At 1 March 2023 |
Charge for year |
At 28 February 2024 |
NET BOOK VALUE |
At 28 February 2024 |
At 28 February 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.24 | 28.2.23 |
£ | £ |
Trade debtors |
Other debtors |
Tax recoverable | 1,700 | - |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.24 | 28.2.23 |
£ | £ |
Hire purchase contracts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
28.2.24 | 28.2.23 |
£ | £ |
Hire purchase contracts |
8. | OTHER FINANCIAL COMMITMENTS |
At 28 February 2024 the company was committed to making total payments under operating leases of £21,900 (2023, £31,634). |