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REGISTERED NUMBER: 09564146 (England and Wales)















Sophie Oliver Jewellery Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Sophie Oliver Jewellery Limited (Registered number: 09564146)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Sophie Oliver Jewellery Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs T Brassington
Mr S Brassington





REGISTERED OFFICE: 13 The Courtyard
Timothy's Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NP





REGISTERED NUMBER: 09564146 (England and Wales)





ACCOUNTANTS: Grenfell James Associates Limited
13 The Courtyard
Timothys Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NP

Sophie Oliver Jewellery Limited (Registered number: 09564146)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,450 2,934
Investments 5 79,848 20,000
83,298 22,934

CURRENT ASSETS
Stocks 19,057 22,779
Debtors 6 971 663
Cash at bank and in hand 8,734 1,858
28,762 25,300
CREDITORS
Amounts falling due within one year 7 27,172 22,760
NET CURRENT ASSETS 1,590 2,540
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,888

25,474

CREDITORS
Amounts falling due after more than one
year

8

(9,172

)

-

PROVISIONS FOR LIABILITIES (6,190 ) -
NET ASSETS 69,526 25,474

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 69,524 25,472
69,526 25,474

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 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.

Sophie Oliver Jewellery Limited (Registered number: 09564146)

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 3 December 2024 and were signed on its behalf by:





Mr S Brassington - Director


Sophie Oliver Jewellery Limited (Registered number: 09564146)

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

1. STATUTORY INFORMATION

Sophie Oliver 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 as modified by the revaluation of certain assets.

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 - 25% on reducing balance
Computer 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 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Sophie Oliver Jewellery Limited (Registered number: 09564146)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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 3 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 13,702 1,770 15,472
Additions - 1,363 1,363
At 31 March 2024 13,702 3,133 16,835
DEPRECIATION
At 1 April 2023 11,287 1,251 12,538
Charge for year 604 243 847
At 31 March 2024 11,891 1,494 13,385
NET BOOK VALUE
At 31 March 2024 1,811 1,639 3,450
At 31 March 2023 2,415 519 2,934

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 20,000
Additions 10,878
Revaluations 48,970
At 31 March 2024 79,848
NET BOOK VALUE
At 31 March 2024 79,848
At 31 March 2023 20,000

Sophie Oliver Jewellery Limited (Registered number: 09564146)

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

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2024 59,848
Cost 20,000
79,848

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 971 663

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,434 -
Trade creditors 4,580 2,765
Taxation and social security 13,236 15,879
Other creditors 2,922 4,116
27,172 22,760

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,172 -

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 1,864 5,593
Between one and five years - 1,864
1,864 7,457