Origen Jewellery Ltd
Registered number: 13322828
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 9,970 12,463
Current assets
Stocks 2,778 3,220
Cash at bank and in hand 395 366
3,173 3,586
Creditors: amounts falling due within one year 4 - (955)
Net current assets 3,173 2,631
Total assets less current liabilities 13,143 15,094
Creditors: amounts falling due after more than one year 5 (12,417) (13,852)
Net assets 726 1,242
Capital and reserves
Called up share capital 2 2
Profit and loss account 724 1,240
Shareholder's funds 726 1,242
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Camilo Vargas
Director
Approved by the board on 10 January 2025
Origen Jewellery Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Equipment Fixtures & Fittings Total
£ £ £
Cost
At 1 May 2023 12,000 3,579 15,579
At 30 April 2024 12,000 3,579 15,579
Depreciation
At 1 May 2023 2,400 716 3,116
Charge for the year 1,920 573 2,493
At 30 April 2024 4,320 1,289 5,609
Net book value
At 30 April 2024 7,680 2,290 9,970
At 30 April 2023 9,600 2,863 12,463
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs - 375
Other creditors - 580
- 955
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 12,417 13,852
6 Other information
Origen Jewellery Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Arch 143, Eagles Yard
Hampton Street
London
SE1 6SP
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