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REGISTERED NUMBER: 10948336 (England and Wales)















BRITANNIA JEWELLERY LIMITED

Unaudited Financial Statements for the Year Ended 30 September 2024






BRITANNIA JEWELLERY LIMITED (REGISTERED NUMBER: 10948336)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BRITANNIA JEWELLERY LIMITED

Company Information
for the Year Ended 30 September 2024







DIRECTOR: T A Munir





REGISTERED OFFICE: 59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 10948336 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

BRITANNIA JEWELLERY LIMITED (REGISTERED NUMBER: 10948336)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 7,109
Tangible assets 5 192,763 136,005
Investments 6 1,000 1,000
193,763 144,114

CURRENT ASSETS
Stocks 2,229,906 1,543,109
Debtors 7 265,885 209,721
Cash at bank and in hand 434,410 529,597
2,930,201 2,282,427
CREDITORS
Amounts falling due within one year 8 697,982 783,354
NET CURRENT ASSETS 2,232,219 1,499,073
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,425,982

1,643,187

CREDITORS
Amounts falling due after more than one year 9 (153,421 ) (160,993 )

PROVISIONS FOR LIABILITIES (37,782 ) (35,779 )
NET ASSETS 2,234,779 1,446,415

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,234,679 1,446,315
2,234,779 1,446,415

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 17 December 2024 and were signed by:



T A Munir - Director


BRITANNIA JEWELLERY LIMITED (REGISTERED NUMBER: 10948336)

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

1. STATUTORY INFORMATION

Britannia 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 balance sheet 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 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 11 (2023 - 9 ) .

BRITANNIA JEWELLERY LIMITED (REGISTERED NUMBER: 10948336)

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

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 October 2023
and 30 September 2024 26,774
AMORTISATION
At 1 October 2023 19,665
Amortisation for year 7,109
At 30 September 2024 26,774
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 7,109

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 62,934 12,397 85,000 11,331 171,662
Additions 26,500 25,784 44,295 - 96,579
At 30 September 2024 89,434 38,181 129,295 11,331 268,241
DEPRECIATION
At 1 October 2023 18,512 2,637 5,313 9,195 35,657
Charge for year 9,768 3,241 26,382 430 39,821
At 30 September 2024 28,280 5,878 31,695 9,625 75,478
NET BOOK VALUE
At 30 September 2024 61,154 32,303 97,600 1,706 192,763
At 30 September 2023 44,422 9,760 79,687 2,136 136,005

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 1,000
NET BOOK VALUE
At 30 September 2024 1,000
At 30 September 2023 1,000

BRITANNIA JEWELLERY LIMITED (REGISTERED NUMBER: 10948336)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 130,735 129,543
Amounts owed by group undertakings 14,130 14,129
Other debtors 72,548 16,370
Prepayments 48,472 49,679
265,885 209,721

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 27,432 24,587
Hire purchase contracts 20,902 20,872
Trade creditors 137,879 247,207
Social security and other taxes 284,259 200,376
VAT 129,305 79,858
Other creditors 75,629 70,548
Directors' current accounts - 119,190
Accrued expenses 22,576 20,716
697,982 783,354

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 30,606 27,432
Bank loans - 2-5 years 16,508 47,114
Hire purchase contracts 106,307 86,447
153,421 160,993