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Company Registration No. 10891210 (England and Wales)
Ethical Jewellery & Crafts Limited Unaudited accounts for the year ended 31 July 2024
Ethical Jewellery & Crafts Limited Unaudited accounts Contents
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Ethical Jewellery & Crafts Limited Company Information for the year ended 31 July 2024
Director
Sarah Jayne BOND
Secretary
Sarah Jayne BOND
Company Number
10891210 (England and Wales)
Registered Office
4 WOODRUFF CLOSE RUGBY CV23 0FN ENGLAND
Accountants
Accounts and Returns Ltd 26 Smith St Warwick CV34 4HS
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Ethical Jewellery & Crafts Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,445 
1,928 
Current assets
Inventories
27,210 
37,318 
Cash at bank and in hand
1,645 
1,249 
28,855 
38,567 
Creditors: amounts falling due within one year
(20,776)
(27,306)
Net current assets
8,079 
11,261 
Total assets less current liabilities
9,524 
13,189 
Creditors: amounts falling due after more than one year
(9,462)
(10,862)
Net assets
62 
2,327 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
61 
2,326 
Shareholders' funds
62 
2,327 
For the year ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 April 2025 and were signed on its behalf by
Sarah Jayne BOND Director Company Registration No. 10891210
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Ethical Jewellery & Crafts Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Ethical Jewellery & Crafts Limited is a private company, limited by shares, registered in England and Wales, registration number 10891210. The registered office is 4 WOODRUFF CLOSE, RUGBY, CV23 0FN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Going concern
Management have carried out an assessment of going concern which is at least but not limited to 12 months from the date the financial statements are authorised for issue. It is considered that although the company has been affected by Covid-19, management have deemed that company fully intends to continue trading for the foreseeable future.
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Ethical Jewellery & Crafts Limited Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2023
3,210 
At 31 July 2024
3,210 
Depreciation
At 1 August 2023
1,282 
Charge for the year
483 
At 31 July 2024
1,765 
Net book value
At 31 July 2024
1,445 
At 31 July 2023
1,928 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,392 
1,441 
Taxes and social security
1,834 
151 
Loans from directors
17,550 
25,714 
20,776 
27,306 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
9,462 
10,862 
7
Transactions with related parties
During the year, the company repaid £8,164 of a loan from a member of key management personnel. The loan is to be repaid on demand and interest-free. At the balance sheet date, the remaining total loan of £17,550 was still outstanding and is presented within creditors: amounts falling due within one year.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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