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REGISTERED NUMBER: 08722701 (England and Wales)








Unaudited Financial Statements

for the Year Ended

30 September 2024

for

Victoria James Fine Jewellery Limited

Victoria James Fine Jewellery Limited (Registered number: 08722701)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Victoria James Fine Jewellery Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: G R Hinton
M J Hinton
Mrs V Hinton





REGISTERED OFFICE: Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT





REGISTERED NUMBER: 08722701 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Victoria James Fine Jewellery Limited (Registered number: 08722701)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,868 11,649
Tangible assets 5 716,185 700,705
722,053 712,354

CURRENT ASSETS
Stocks 132,000 137,000
Debtors 6 1,407 9,916
Cash at bank and in hand 58,789 27,677
192,196 174,593
CREDITORS
Amounts falling due within one year 7 384,339 359,134
NET CURRENT LIABILITIES (192,143 ) (184,541 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

529,910

527,813

CREDITORS
Amounts falling due after more than one year 8 (385,058 ) (411,044 )

PROVISIONS FOR LIABILITIES (23,800 ) (14,758 )
NET ASSETS 121,052 102,011

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 120,952 101,911
SHAREHOLDERS' FUNDS 121,052 102,011

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

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

Victoria James Fine Jewellery Limited (Registered number: 08722701)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 16 December 2024 and were signed on its behalf by:





G R Hinton - Director


Victoria James Fine Jewellery Limited (Registered number: 08722701)

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

1. STATUTORY INFORMATION

Victoria James 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 0, is being amortised evenly over its estimated useful life of nil 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.
Freehold property - 2% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% 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 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.

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 6 (2023 - 6 ) .

Victoria James Fine Jewellery Limited (Registered number: 08722701)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 69,459
AMORTISATION
At 1 October 2023 57,810
Amortisation for year 5,781
At 30 September 2024 63,591
NET BOOK VALUE
At 30 September 2024 5,868
At 30 September 2023 11,649

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023 625,122 81,369 20,084 726,575
Additions - 21,243 - 21,243
At 30 September 2024 625,122 102,612 20,084 747,818
DEPRECIATION
At 1 October 2023 2,084 10,013 13,773 25,870
Charge for year 2,084 2,698 981 5,763
At 30 September 2024 4,168 12,711 14,754 31,633
NET BOOK VALUE
At 30 September 2024 620,954 89,901 5,330 716,185
At 30 September 2023 623,038 71,356 6,311 700,705

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 745 5,048
Other debtors 662 4,868
1,407 9,916

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 44,460 44,460
Trade creditors 23,583 58,719
Taxation and social security 47,120 15,071
Other creditors 269,176 240,884
384,339 359,134

Victoria James Fine Jewellery Limited (Registered number: 08722701)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 385,058 411,044

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 429,518 455,504

10. RELATED PARTY DISCLOSURES

Other creditors include amounts due to the directors amounting to £260,771 (2023: £237,872).