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REGISTERED NUMBER: 04858425 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Old Eldon Jewellers Limited

Old Eldon Jewellers Limited (Registered number: 04858425)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Old Eldon Jewellers Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: M W Wilson
J Wilson





REGISTERED OFFICE: 1st Floor 6 Old Eldon Square
Newcastle Upon Tyne
NE1 7JG





REGISTERED NUMBER: 04858425 (England and Wales)





ACCOUNTANTS: Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS

Old Eldon Jewellers Limited (Registered number: 04858425)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 30,414 30,053

CURRENT ASSETS
Stocks 5 72,910 66,232
Debtors 6 23,411 10,754
Cash at bank and in hand 84,038 91,087
180,359 168,073
CREDITORS
Amounts falling due within one year 7 181,377 163,941
NET CURRENT (LIABILITIES)/ASSETS (1,018 ) 4,132
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,396

34,185

PROVISIONS FOR LIABILITIES 7,603 7,513
NET ASSETS 21,793 26,672

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 21,693 26,572
SHAREHOLDERS' FUNDS 21,793 26,672

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Old Eldon Jewellers Limited (Registered number: 04858425)

Balance Sheet - continued
31 March 2025


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 1 July 2025 and were signed on its behalf by:





M W Wilson - Director


Old Eldon Jewellers Limited (Registered number: 04858425)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Old Eldon Jewellers 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.
Improvements to property - in accordance with the lease.
Plant and machinery - 15% on reducing balance per annum
Fixtures and fittings - 15% on reducing balance per annum
Computer equipment - 25% on cost per annum

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Old Eldon Jewellers Limited (Registered number: 04858425)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
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 13 (2024 - 12 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 6,169 147,918 19,359 31,001 204,447
Additions - 4,922 - - 4,922
At 31 March 2025 6,169 152,840 19,359 31,001 209,369
DEPRECIATION
At 1 April 2024 6,169 118,903 18,321 31,001 174,394
Charge for year - 4,405 156 - 4,561
At 31 March 2025 6,169 123,308 18,477 31,001 178,955
NET BOOK VALUE
At 31 March 2025 - 29,532 882 - 30,414
At 31 March 2024 - 29,015 1,038 - 30,053

Old Eldon Jewellers Limited (Registered number: 04858425)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. STOCKS
2025 2024
£    £   
Stocks 65,415 57,958
Work-in-progress 7,495 8,274
72,910 66,232

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 2,994 4,847
Prepayments 20,417 5,907
23,411 10,754

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 6,184 11,479
Trade creditors 74,451 60,478
Tax 42,089 35,940
Social security and other taxes 4,639 5,403
VAT 13,464 21,719
Other creditors 31,336 26,911
Directors' current accounts 5,350 -
Directors' loan accounts 3,864 2,011
181,377 163,941

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 19,830 17,228