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REGISTERED NUMBER: SC482880 (Scotland)













Unaudited Financial Statements

for the Year Ended 30 September 2024

for

HARKNESS PREMIER JEWELLERS LIMITED

HARKNESS PREMIER JEWELLERS LIMITED (REGISTERED NUMBER: SC482880)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARKNESS PREMIER JEWELLERS LIMITED

Company Information
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: S A Harkness
Mrs E Harkness





REGISTERED OFFICE: 14 Mitchell Lane
2nd Floor
Glasgow
G1 3NU





REGISTERED NUMBER: SC482880 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

HARKNESS PREMIER JEWELLERS LIMITED (REGISTERED NUMBER: SC482880)

Balance Sheet
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 54,846 59,572

CURRENT ASSETS
Stocks 49,689 38,989
Debtors 5 199,519 189,140
Cash at bank 228,127 177,513
477,335 405,642
CREDITORS
Amounts falling due within one year 6 196,295 214,298
NET CURRENT ASSETS 281,040 191,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

335,886

250,916

CREDITORS
Amounts falling due after more than one
year

7

13,245

17,447
NET ASSETS 322,641 233,469

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 322,441 233,269
322,641 233,469

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 directors acknowledge their 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.

HARKNESS PREMIER JEWELLERS LIMITED (REGISTERED NUMBER: SC482880)

Balance Sheet - continued
30 SEPTEMBER 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 Board of Directors and authorised for issue on 9 June 2025 and were signed on its behalf by:





S A Harkness - Director


HARKNESS PREMIER JEWELLERS LIMITED (REGISTERED NUMBER: SC482880)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Harkness Premier Jewellers Limited is a private company, limited by shares , registered in Scotland. 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 etc - 25% on a reducing balance basis and 20% on a reducing balance basis

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.

HARKNESS PREMIER JEWELLERS LIMITED (REGISTERED NUMBER: SC482880)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 108,188
Additions 8,769
At 30 September 2024 116,957
DEPRECIATION
At 1 October 2023 48,616
Charge for year 13,495
At 30 September 2024 62,111
NET BOOK VALUE
At 30 September 2024 54,846
At 30 September 2023 59,572

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 199,519 189,140

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 18,670 10,000
Trade creditors 80,952 43,296
Taxation and social security 75,200 67,667
Other creditors 21,473 93,335
196,295 214,298

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 13,245 17,447