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REGISTERED NUMBER: 11725297 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Jeff Davies & Son Gemstones & Faceting
Limited

Jeff Davies & Son Gemstones & Faceting
Limited (Registered number: 11725297)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jeff Davies & Son Gemstones & Faceting
Limited

Company Information
for the Year Ended 31 December 2024







Director: J Davies





Registered office: 15 Wyndham Street
Treherbert
Treorchy
RCT
CF42 5BT





Registered number: 11725297 (England and Wales)





Accountants: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
101 Dunraven Street
Tonypandy
CF40 1AR

Jeff Davies & Son Gemstones & Faceting
Limited (Registered number: 11725297)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 6,062 8,083

Current assets
Stocks 23,000 28,500
Debtors 5 - 4,053
Cash at bank - 8,989
23,000 41,542
Creditors
Amounts falling due within one year 6 32,621 23,310
Net current (liabilities)/assets (9,621 ) 18,232
Total assets less current liabilities (3,559 ) 26,315

Creditors
Amounts falling due after more than one
year

7

(11,085

)

(19,527

)

Provisions for liabilities (1,152 ) (1,536 )
Net (liabilities)/assets (15,796 ) 5,252

Capital and reserves
Called up share capital 2 2
Retained earnings (15,798 ) 5,250
Shareholders' funds (15,796 ) 5,252

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Jeff Davies & Son Gemstones & Faceting
Limited (Registered number: 11725297)

Balance Sheet - continued
31 December 2024


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 19 June 2025 and were signed by:





J Davies - Director


Jeff Davies & Son Gemstones & Faceting
Limited (Registered number: 11725297)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. Statutory information

Jeff Davies & Son Gemstones & Faceting 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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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 4 (2023 - 4 ) .

Jeff Davies & Son Gemstones & Faceting
Limited (Registered number: 11725297)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 January 2024
and 31 December 2024 22,548 1,643 2,666 26,857
Depreciation
At 1 January 2024 16,041 1,066 1,667 18,774
Charge for year 1,627 144 250 2,021
At 31 December 2024 17,668 1,210 1,917 20,795
Net book value
At 31 December 2024 4,880 433 749 6,062
At 31 December 2023 6,507 577 999 8,083

5. Debtors: amounts falling due within one year
31.12.24 31.12.23
£    £   
Other debtors - 4,053

6. Creditors: amounts falling due within one year
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 7,124 -
Taxation and social security 17,129 15,549
Other creditors 8,368 7,761
32,621 23,310

7. Creditors: amounts falling due after more than one year
31.12.24 31.12.23
£    £   
Other creditors 11,085 19,527

8. Related party disclosures

During the year, total dividends of £39,500 (2023 - £25,000) were paid to the director .

As at 31 December 2024, Mr J Davies, a director of the company was owed £6,100 from the company. During the year there were aggregate advances totalling £39,906 and also repayments of £40,455. These amounts are interest free and repayable within one year.

9. Ultimate controlling party

The controlling party is J Davies.