Company registration number 00825830 (England and Wales)
T.J.W. (DIAMONDS) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
T.J.W. (DIAMONDS) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
T.J.W. (DIAMONDS) LIMITED
BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
8,438
8,438
Current assets
Stocks
1,385,776
1,181,860
Debtors
4
230,070
327,699
Cash at bank and in hand
105,822
232,152
1,721,668
1,741,711
Creditors: amounts falling due within one year
5
(239,715)
(239,615)
Net current assets
1,481,953
1,502,096
Total assets less current liabilities
1,490,391
1,510,534
Creditors: amounts falling due after more than one year
6
(2,000)
(2,000)
Net assets
1,488,391
1,508,534
Capital and reserves
Called up share capital
500
500
Profit and loss reserves
1,487,891
1,508,034
Total equity
1,488,391
1,508,534

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

T.J.W. (DIAMONDS) LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024
30 June 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 26 March 2025 and are signed on its behalf by:
Mr S R Wright
Mr D J Wright
Director
Director
Company registration number 00825830 (England and Wales)
T.J.W. (DIAMONDS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information

T.J.W. (Diamonds) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 7 Hatton Garden, London, EC1N 8AD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

Revenue from the sale of goods is recognised when the goods are collected by, or despatched to, customers.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price.

1.5
Financial instruments

The company has elected to apply the recognition and measurement provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, and preference shares that are classified as debt, are recognised at transaction price.

1.6
Taxation

The tax expense represents the sum of the tax currently payable or receivable.

Current tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

T.J.W. (DIAMONDS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
4
3
Fixed asset investments
2024
2023
£
£
Investments
8,438
8,438

The investment represents 78% of the 5% cumulative preference shares issued by B. K. T. (Rings) Limited, a company in which the directors have a similar controlling interest.

4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
227,788
325,092
Other debtors
2,282
2,607
230,070
327,699

 

5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
11,849
24,061
Taxation and social security
14,329
28,200
Other creditors
213,537
187,354
239,715
239,615
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
2,000
2,000
T.J.W. (DIAMONDS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
6
Creditors: amounts falling due after more than one year
(Continued)
- 5 -

Other creditors represent the 5% fixed non-cumulative preference shares. These are entitled to a return of capital in priority to ordinary shares on a winding up, but no entitlement to participate in surplus assets. The preference shares hold no voting rights.

Creditors which fall due after five years are as follows:
2024
2023
£
£
Payable other than by instalments
2,000
2,000
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