Company registration number 04315358 (England and Wales)
Deans Fine Jewellery Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 June 2024
PAGES FOR FILING WITH REGISTRAR
Deans Fine Jewellery Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Deans Fine Jewellery Limited
Statement of financial position
as at 30 June 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,352
5,807
Current assets
Stocks
110,000
115,000
Debtors
20,776
15,136
Cash at bank and in hand
19,850
16,701
150,626
146,837
Creditors: amounts falling due within one year
(66,265)
(80,208)
Net current assets
84,361
66,629
Total assets less current liabilities
88,713
72,436
Creditors: amounts falling due after more than one year
(6,429)
(13,054)
Provisions for liabilities
(1,088)
(946)
Net assets
81,196
58,436
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
81,186
58,426
Total equity
81,196
58,436
Deans Fine Jewellery Limited
Statement of financial position (continued)
as at 30 June 2024
30 June 2024
- 2 -
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement 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.
The financial statements were approved by the board of directors and authorised for issue on 27 March 2025 and are signed on its behalf by:
J P Matthews
Director
Company Registration No. 04315358
Deans Fine Jewellery Limited
Notes to the financial statements
for the year ended 30 June 2024
- 3 -
1
Accounting policies
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. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised on the value 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. Income is recognised at the point of sale when goods and services are first provided to the customer.
Tangible fixed assets
Tangible fixed assets are measured at cost less depreciation.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
15% reducing balance
Computer equipment
20% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end 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 represents accumulated differences between the company's taxable profit and its financial profit arise primarily from the differences between the accelerated capital allowances and depreciation.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Deans Fine Jewellery 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
Tangible fixed assets
Fixtures and fittings
Computer equipment
Total
£
£
£
Cost
At 1 July 2023
59,462
3,450
62,912
Additions
478
478
Disposals
(19,700)
(1,966)
(21,666)
At 30 June 2024
39,762
1,962
41,724
Depreciation and impairment
At 1 July 2023
54,466
2,639
57,105
Depreciation charged in the year
600
335
935
Eliminated in respect of disposals
(18,702)
(1,966)
(20,668)
At 30 June 2024
36,364
1,008
37,372
Carrying amount
At 30 June 2024
3,398
954
4,352
At 30 June 2023
4,996
811
5,807
4
Company information
Deans Fine Jewellery Limited is a private company limited by shares incorporated in England and Wales. The registered office is 17 Bank Street, Ossett, West Yorkshire, WF5 8PS.