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REGISTERED NUMBER: 09667714 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Thomas William Jewellery Limited

Thomas William Jewellery Limited (Registered number: 09667714)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Thomas William Jewellery Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: T Murphy





REGISTERED OFFICE: 19 Holme Grange Craft Village
Heathlands Road
Wokingham
Berkshire
RG40 3AW





REGISTERED NUMBER: 09667714 (England and Wales)





ACCOUNTANTS: Millward, May & Co
The Overhangs
55a Peach Street
Wokingham
Berkshire
RG40 1XP

Thomas William Jewellery Limited (Registered number: 09667714)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,540 23,489

CURRENT ASSETS
Stocks 97,000 67,000
Debtors 5 106,564 111,747
Cash at bank and in hand 139,601 70,208
343,165 248,955
CREDITORS
Amounts falling due within one year 6 212,953 177,428
NET CURRENT ASSETS 130,212 71,527
TOTAL ASSETS LESS CURRENT LIABILITIES 167,752 95,016

PROVISIONS FOR LIABILITIES 8,836 4,557
NET ASSETS 158,916 90,459

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 158,816 90,359
SHAREHOLDERS' FUNDS 158,916 90,459

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

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

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 director and authorised for issue on 4 March 2025 and were signed by:





T Murphy - Director


Thomas William Jewellery Limited (Registered number: 09667714)

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

1. STATUTORY INFORMATION

Thomas William 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 5 year straight line
Plant and machinery - 4 year straight line
Fixtures and fittings - 5 year straight line
Motor vehicles - 4 year straight line
Computer equipment - 3 year straight line

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.

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.

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 4 (2023 - 4 ) .

Thomas William Jewellery Limited (Registered number: 09667714)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2023 8,791 22,103 26,169
Additions 6,146 15,088 4,839
Disposals - - (9,427 )
At 30 June 2024 14,937 37,191 21,581
DEPRECIATION
At 1 July 2023 1,316 17,959 21,750
Charge for year 1,866 3,986 1,526
Eliminated on disposal - - (9,198 )
At 30 June 2024 3,182 21,945 14,078
NET BOOK VALUE
At 30 June 2024 11,755 15,246 7,503
At 30 June 2023 7,475 4,144 4,419

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 18,495 17,183 92,741
Additions - 2,016 28,089
Disposals - - (9,427 )
At 30 June 2024 18,495 19,199 111,403
DEPRECIATION
At 1 July 2023 13,871 14,356 69,252
Charge for year 4,624 1,807 13,809
Eliminated on disposal - - (9,198 )
At 30 June 2024 18,495 16,163 73,863
NET BOOK VALUE
At 30 June 2024 - 3,036 37,540
At 30 June 2023 4,624 2,827 23,489

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 91,599 94,722
Other debtors 14,965 17,025
106,564 111,747

Thomas William Jewellery Limited (Registered number: 09667714)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 17,574 24,165
Taxation and social security 52,649 35,289
Other creditors 142,730 117,974
212,953 177,428

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 18,586 15,750
Between one and five years 76,614 2,625
In more than five years 41,499 -
136,699 18,375

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary 1 100 100

9. RELATED PARTY DISCLOSURES

During the period the director maintained a loan account with the company. At the period end the company owed the director £126,421 (2023 - £109,537). This loan is interest free, repayable on demand and shown within other creditors.