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
Ethical Jewellery & Crafts Limited
Company Information
for the year ended 31 July 2024
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
Ethical Jewellery & Crafts Limited
Statement of financial position
as at 31 July 2024
Tangible assets
1,445
1,928
Cash at bank and in hand
1,645
1,249
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)
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
Ethical Jewellery & Crafts Limited
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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 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.
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.
Ethical Jewellery & Crafts Limited
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery
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
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).