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Unaudited Financial Statements

for the Period 1 January 2023 to 31 March 2024

for

Gatsby Jewellery Limited

Gatsby Jewellery Limited (Registered number: 08833564)






Contents of the Financial Statements
for the Period 1 January 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gatsby Jewellery Limited

Company Information
for the Period 1 January 2023 to 31 March 2024







DIRECTORS: M D R Thomas
Ms J A Thomas





REGISTERED OFFICE: 146 High Street
Billericay
Essex
CM12 9DF





REGISTERED NUMBER: 08833564 (England and Wales)





ACCOUNTANTS: Michael Letch & Partners LLP
Accountants
146 High Street
Billericay
Essex
CM12 9DF

Gatsby Jewellery Limited (Registered number: 08833564)

Balance Sheet
31 March 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,367 13,304

CURRENT ASSETS
Stocks 1,269,191 1,241,768
Debtors 5 46,244 92,492
Cash at bank 61,249 159,328
1,376,684 1,493,588
CREDITORS
Amounts falling due within one year 6 21,497 25,374
NET CURRENT ASSETS 1,355,187 1,468,214
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,366,554

1,481,518

PROVISIONS FOR LIABILITIES 2,984 2,984
NET ASSETS 1,363,570 1,478,534

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,363,568 1,478,532
SHAREHOLDERS' FUNDS 1,363,570 1,478,534

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

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

Gatsby Jewellery Limited (Registered number: 08833564)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:





Ms J A Thomas - Director


Gatsby Jewellery Limited (Registered number: 08833564)

Notes to the Financial Statements
for the Period 1 January 2023 to 31 March 2024

1. STATUTORY INFORMATION

Gatsby Jewellery 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.

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.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

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 period was 2 (2022 - 2 ) .

Gatsby Jewellery Limited (Registered number: 08833564)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 44,266 319 44,585
Additions 1,488 - 1,488
At 31 March 2024 45,754 319 46,073
DEPRECIATION
At 1 January 2023 31,175 106 31,281
Charge for period 3,318 107 3,425
At 31 March 2024 34,493 213 34,706
NET BOOK VALUE
At 31 March 2024 11,261 106 11,367
At 31 December 2022 13,091 213 13,304

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Directors' loan accounts 46,244 92,492

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade creditors 1,521 -
Tax - 7,066
Social security and other taxes 4,251 15,046
Other creditors 11,350 262
Accrued expenses 4,375 3,000
21,497 25,374