15 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 05607439 2023-04-01 2024-03-31 05607439 2024-03-31 05607439 2023-03-31 05607439 2022-04-01 2023-03-31 05607439 2023-03-31 05607439 2022-03-31 05607439 core:MotorVehicles 2023-04-01 2024-03-31 05607439 bus:Director1 2023-04-01 2024-03-31 05607439 bus:Director2 2023-04-01 2024-03-31 05607439 core:MotorVehicles 2023-03-31 05607439 core:MotorVehicles 2024-03-31 05607439 core:WithinOneYear 2024-03-31 05607439 core:WithinOneYear 2023-03-31 05607439 core:ShareCapital 2024-03-31 05607439 core:ShareCapital 2023-03-31 05607439 core:RetainedEarningsAccumulatedLosses 2024-03-31 05607439 core:RetainedEarningsAccumulatedLosses 2023-03-31 05607439 core:MotorVehicles 2023-03-31 05607439 bus:SmallEntities 2023-04-01 2024-03-31 05607439 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05607439 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05607439 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05607439 bus:FullAccounts 2023-04-01 2024-03-31 05607439 core:ComputerEquipment 2023-04-01 2024-03-31 05607439 core:ComputerEquipment 2023-03-31 05607439 core:ComputerEquipment 2024-03-31
COMPANY REGISTRATION NUMBER: 05607439
Jewel Display Limited
Unaudited financial statements
31 March 2024
Jewel Display Limited
Statement of financial position
31 March 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
1,898
2,296
Current assets
Stocks
30,000
35,000
Debtors
6
138,505
123,683
Cash at bank and in hand
202,551
117,502
---------
---------
371,056
276,185
Creditors: Amounts falling due within one year
7
( 213,551)
( 129,612)
---------
---------
Net current assets
157,505
146,573
---------
---------
Total assets less current liabilities
159,403
148,869
Provisions
Taxation including deferred tax
( 475)
( 574)
---------
---------
Net assets
158,928
148,295
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
158,828
148,195
---------
---------
Shareholders funds
158,928
148,295
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 14 November 2024 , and are signed on behalf of the board by:
B G Morrish
C E Morrish
Director
Director
Company registration number: 05607439
Jewel Display Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor Suite, 2 Hillside Business Park, Bury St Edmunds, IP32 7EA. The trading address of the company during the year was London Road, Brandon, Suffolk, IP27 0NE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Machinery & Motor Vehicles
-
25% reducing balance
Equipment
-
25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of employees during the year was 15 (2023: 15 ).
5. Tangible assets
Machinery & Motor Vehicles
Equipment
Total
£
£
£
Cost
At 1 April 2023
22,251
705
22,956
Additions
233
233
-------
----
-------
At 31 March 2024
22,484
705
23,189
-------
----
-------
Depreciation
At 1 April 2023
20,314
346
20,660
Charge for the year
533
98
631
-------
----
-------
At 31 March 2024
20,847
444
21,291
-------
----
-------
Carrying amount
At 31 March 2024
1,637
261
1,898
-------
----
-------
At 31 March 2023
1,937
359
2,296
-------
----
-------
6. Debtors
2024
2023
£
£
Trade debtors
58,452
34,163
Other debtors
80,053
89,520
---------
---------
138,505
123,683
---------
---------
7. Creditors: Amounts falling due within one year
2024
2023
£
£
Trade creditors
6,148
6,624
Amounts owed to group undertakings and undertakings in which the company has a participating interest
94,715
48,523
Social security and other taxes
106,690
68,708
Other creditors
5,998
5,757
---------
---------
213,551
129,612
---------
---------
8. Directors' advances, credits and guarantees
Included in other debtors is an amount due to the company by the directors amounting to £71,683 (2023: £79,706). The maximum amount due was £79,706 and interest of £1,643 was charged.