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REGISTERED NUMBER: 05062825 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Harmonie Makers of Fine Jewellery
Limited

Harmonie Makers of Fine Jewellery
Limited (Registered number: 05062825)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Harmonie Makers of Fine Jewellery
Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: R J Smith





REGISTERED OFFICE: 7 Cooks Lane
Southbourne
Emsworth
Hampshire
PO10 8LG





REGISTERED NUMBER: 05062825 (England and Wales)





ACCOUNTANTS: Direct Accounting
7 Cooks Lane
Southbourne
Emsworth
Hampshire
PO10 8LG

Harmonie Makers of Fine Jewellery
Limited (Registered number: 05062825)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,957 11,752
10,957 11,752

CURRENT ASSETS
Stocks 6 129,531 138,262
Debtors 7 13,016 11,748
Cash at bank and in hand 113,273 80,705
255,820 230,715
CREDITORS
Amounts falling due within one year 8 44,218 34,448
NET CURRENT ASSETS 211,602 196,267
TOTAL ASSETS LESS CURRENT
LIABILITIES

222,559

208,019

PROVISIONS FOR LIABILITIES 1,834 1,834
NET ASSETS 220,725 206,185

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 220,625 206,085
SHAREHOLDERS' FUNDS 220,725 206,185

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Harmonie Makers of Fine Jewellery
Limited (Registered number: 05062825)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2024 and were signed by:





R J Smith - Director


Harmonie Makers of Fine Jewellery
Limited (Registered number: 05062825)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Harmonie Makers of Fine 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of six years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tools & Equipment - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Shop Equipment - 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

Harmonie Makers of Fine Jewellery
Limited (Registered number: 05062825)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 50,001
AMORTISATION
At 1 April 2023
and 31 March 2024 50,001
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
Long to Tools &
leasehold property Equipment
£    £    £   
COST
At 1 April 2023
and 31 March 2024 3,450 3,250 3,770
DEPRECIATION
At 1 April 2023 - - 3,737
Charge for year - - 8
At 31 March 2024 - - 3,745
NET BOOK VALUE
At 31 March 2024 3,450 3,250 25
At 31 March 2023 3,450 3,250 33

Fixtures
and Shop
fittings Equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 46,234 20,061 76,765
DEPRECIATION
At 1 April 2023 41,560 19,716 65,013
Charge for year 702 85 795
At 31 March 2024 42,262 19,801 65,808
NET BOOK VALUE
At 31 March 2024 3,972 260 10,957
At 31 March 2023 4,674 345 11,752

Harmonie Makers of Fine Jewellery
Limited (Registered number: 05062825)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 129,531 138,262

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 13,016 11,748

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 12,207 7,968
Taxation and social security 29,053 23,739
Other creditors 2,958 2,741
44,218 34,448

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year dividends of £37,500 (2023:£37,500) were voted to Mr R Smith.
At the year end date the company owed Mr R Smith £0 (2023:£0)

10. ULTIMATE CONTROLLING PARTY

The controlling party is R J Smith.