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REGISTERED NUMBER: 04713061 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Livingston's Jewellers Limited

Livingston's Jewellers Limited (Registered number: 04713061)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Livingston's Jewellers Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: C L Builder





REGISTERED OFFICE: 41 Fore Street
St Austell
Cornwall
PL25 5PY





REGISTERED NUMBER: 04713061 (England and Wales)

Livingston's Jewellers Limited (Registered number: 04713061)

Abridged Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,300 2,600
Tangible assets 5 16,792 18,357
18,092 20,957

CURRENT ASSETS
Stocks 145,301 137,442
Debtors 7,678 2,615
Cash at bank and in hand 275,944 351,871
428,923 491,928
CREDITORS
Amounts falling due within one year 31,954 49,895
NET CURRENT ASSETS 396,969 442,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

415,061

462,990

PROVISIONS FOR LIABILITIES 3,190 3,545
NET ASSETS 411,871 459,445

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 411,771 459,345
SHAREHOLDERS' FUNDS 411,871 459,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Livingston's Jewellers Limited (Registered number: 04713061)

Abridged Statement of Financial Position - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 2 December 2024 and were signed by:





C L Builder - Director


Livingston's Jewellers Limited (Registered number: 04713061)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Livingston's Jewellers 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 represents net amounts invoiced by the company in respect of goods and services sold during the year excluding value added tax.

Goodwill
Goodwill arises where the purchase consideration exceeds the value of the underlying net tangible assets. Goodwill is being amortised over its estimated useful economic life of ten years from the date of acquisition.

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.
Leasehold property - over the period of the lease
Office equipment - 25% on reducing balance
Shop fixtures & fittings - 10% on reducing balance
Motor vehicles - 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 and deferred 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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Livingston's Jewellers Limited (Registered number: 04713061)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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 7 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 143,000
AMORTISATION
At 1 May 2023 140,400
Amortisation for year 1,300
At 30 April 2024 141,700
NET BOOK VALUE

At 30 April 2024 1,300
At 30 April 2023 2,600

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 106,831
Additions 659
Disposals (455 )
At 30 April 2024 107,035
DEPRECIATION
At 1 May 2023 88,474
Charge for year 2,108
Eliminated on disposal (339 )
At 30 April 2024 90,243
NET BOOK VALUE
At 30 April 2024 16,792
At 30 April 2023 18,357