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Stratford Jewellery and Loan Limited
Registered Number:08584608
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2024
Stratford Jewellery and Loan Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
08584608
As at 31 December 2024
Stratford Jewellery and Loan Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
11,205
14,940
3
11,205
14,940
Current assets
Inventories
42,843
82,545
4
Trade and other receivables
74,280
55,906
5
224,939
Cash and cash equivalents
220,704
359,155
342,062
Trade and other payables: amounts falling due within one year
(180,672)
(131,213)
6
161,390
227,942
Net current assets
Total assets less current liabilities
239,147
176,330
(4,332)
(4,244)
Provisions for liabilities
234,815
Net assets
172,086
Capital and reserves
Called up share capital
100
100
Retained earnings
234,715
171,986
234,815
172,086
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Kevin R Stratford Director
These financial statements were approved and authorised for issue by the Board on 04 February 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2024
Stratford Jewellery and Loan Limited
Notes to the Financial Statements
Statutory Information
Stratford Jewellery and Loan Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 08584608.
Principal place of business:
48 Market Place
Chippenham
Wiltshire
SN15 3HU
Registered address:
Windyridge
Amberley
Stroud
Gloucestershire
GL5 5AA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act
2006. The financial statements have been prepared under the historical costs convention as modified by the revaluation
of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Intangible assets
Intangible assets are stated at cost less amortisation which is being charged over ten years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
10% Straight line
Plant and Machinery
25% Reducing balance
25% Reducing balance
Computer Equipment
25% Reducing balance
Motor Vehicles
25% Reducing balance
Furniture and Fittings
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to sell.
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.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
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5
For the year ended 31 December 2024
Stratford Jewellery and Loan Limited
Notes to the Financial Statements Continued
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
2. Intangible fixed assets
Other Intangible
Assets
Cost or valuation
£
At 01 January 2024
10,000
At 31 December 2024
10,000
Amortisation
At 01 January 2024
10,000
At 31 December 2024
10,000
Net book value
At 31 December 2024
-
At 31 December 2023
-
3. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
Cost or valuation
At 01 January 2024
54,562
14,492
22,505
6,808
10,757
At 31 December 2024
6,808
22,505
14,492
54,562
10,757
Provision for depreciation and impairment
At 01 January 2024
39,622
12,594
9,846
6,425
10,757
Charge for year
3,735
474
3,165
96
-
At 31 December 2024
43,357
13,068
13,011
6,521
10,757
At 31 December 2024
Net book value
-
287
9,494
1,424
11,205
At 31 December 2023
-
383
12,659
1,898
14,940
4. Inventories
2023
2024
£
£
Stocks
82,545
42,843
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6
For the year ended 31 December 2024
Stratford Jewellery and Loan Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
51,156
68,516
Other debtors
4,750
5,764
74,280
55,906
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
22,682
30,382
Other creditors
108,531
150,290
131,213
180,672
7. Guarantees and other financial commitments
Lease commitments
At 31 December 2024 the company had annual commitments under non-cancellable operating leases as set out below:
2023
£
2024
£
Operating leases which expire:
19,000
19,000
Within 2 to 5 years
19,000
19,000
8. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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