1 March 2023 false Taxfiler 2024.6 13973756business:PrivateLimitedCompanyLtd2023-03-012024-02-28 139737562023-02-28 139737562023-03-012024-02-28 13973756business:AuditExemptWithAccountantsReport2023-03-012024-02-28 13973756business:FilletedAccounts2023-03-012024-02-28 139737562024-02-28 13973756business:Director12023-03-012024-02-28 13973756business:Director22023-03-012024-02-28 13973756business:Director32023-03-012024-02-28 13973756business:RegisteredOffice2023-03-012024-02-28 139737562023-02-28 13973756core:WithinOneYear2024-02-28 13973756core:WithinOneYear2023-02-28 13973756core:AfterOneYear2024-02-28 13973756core:AfterOneYear2023-02-28 13973756core:ShareCapitalcore:PreviouslyStatedAmount2024-02-28 13973756core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 13973756core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-28 13973756core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 13973756core:PreviouslyStatedAmount2024-02-28 13973756core:PreviouslyStatedAmount2023-02-28 13973756business:SmallEntities2023-03-012024-02-28 13973756countries:EnglandWales2023-03-012024-02-28 13973756business:OrdinaryShareClass12023-03-012024-02-28 13973756business:OrdinaryShareClass12022-03-142023-02-28 139737562022-03-142023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 13973756 (England and Wales)
Jeffs Jewellers Ltd Unaudited accounts for the period from 1 March 2023 to 28 February 2024
Jeffs Jewellers Ltd Unaudited accounts Contents
Page
- 2 -
Jeffs Jewellers Ltd Company Information for the period from 1 March 2023 to 28 February 2024
Directors
Jeffrey Jones Craig Jones Bowen Michael Cartwright
Company Number
13973756 (England and Wales)
Registered Office
7 Hannah Street Porth CF39 9PU
Accountants
Evans Entwistle Villa House 7 Herbert Terrace Penarth Vale of Glamorgan CF64 2AH
- 3 -
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Jeffs Jewellers Ltd for the period from 1 March 2023 to 28 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Jeffs Jewellers Ltd for the period from 1 March 2023 to 28 February 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Villa House 7 Herbert Terrace Penarth Vale of Glamorgan CF64 2AH 25 November 2024
- 4 -
Jeffs Jewellers Ltd Statement of financial position as at 28 February 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
200,000 
100,001 
Debtors
- 
21,501 
200,000 
121,502 
Creditors: amounts falling due within one year
(33,335)
(51,966)
Net current assets
166,665 
69,536 
Total assets less current liabilities
166,665 
69,536 
Creditors: amounts falling due after more than one year
(110,606)
- 
Net assets
56,059 
69,536 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
56,056 
69,533 
Shareholders' funds
56,059 
69,536 
For the period ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by
Jeffrey Jones Director Company Registration No. 13973756
- 5 -
Jeffs Jewellers Ltd Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
Jeffs Jewellers Ltd is a private company, limited by shares, registered in England and Wales, registration number 13973756. The registered office is 7 Hannah Street, Porth, CF39 9PU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
21,501 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
9,955 
4,049 
Taxes and social security
22,080 
37,421 
Loans from directors
- 
9,196 
Accruals
1,300 
1,300 
33,335 
51,966 
- 6 -
Jeffs Jewellers Ltd Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
110,606 
- 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3 
3 
8
Average number of employees
During the period the average number of employees was 4 (2023: 4).
- 7 -