Silverfin false false 31/07/2024 01/08/2023 31/07/2024 C A Barron 22/07/2016 10 July 2025 The principal activity of Charlie Barron Pearls Limited ("the Company") is that of jewellery sales. 10292290 2024-07-31 10292290 bus:Director1 2024-07-31 10292290 2023-07-31 10292290 core:CurrentFinancialInstruments 2024-07-31 10292290 core:CurrentFinancialInstruments 2023-07-31 10292290 core:ShareCapital 2024-07-31 10292290 core:ShareCapital 2023-07-31 10292290 core:RetainedEarningsAccumulatedLosses 2024-07-31 10292290 core:RetainedEarningsAccumulatedLosses 2023-07-31 10292290 core:OfficeEquipment 2023-07-31 10292290 core:ComputerEquipment 2023-07-31 10292290 core:OfficeEquipment 2024-07-31 10292290 core:ComputerEquipment 2024-07-31 10292290 core:CostValuation 2023-07-31 10292290 core:CostValuation 2024-07-31 10292290 2022-07-31 10292290 bus:OrdinaryShareClass1 2024-07-31 10292290 2023-08-01 2024-07-31 10292290 bus:FilletedAccounts 2023-08-01 2024-07-31 10292290 bus:SmallEntities 2023-08-01 2024-07-31 10292290 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 10292290 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10292290 bus:Director1 2023-08-01 2024-07-31 10292290 core:OfficeEquipment core:TopRangeValue 2023-08-01 2024-07-31 10292290 core:ComputerEquipment core:TopRangeValue 2023-08-01 2024-07-31 10292290 2022-08-01 2023-07-31 10292290 core:OfficeEquipment 2023-08-01 2024-07-31 10292290 core:ComputerEquipment 2023-08-01 2024-07-31 10292290 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 10292290 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10292290 (England and Wales)

CHARLIE BARRON PEARLS LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

CHARLIE BARRON PEARLS LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

CHARLIE BARRON PEARLS LIMITED

COMPANY INFORMATION

For the financial year ended 31 July 2024
CHARLIE BARRON PEARLS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 July 2024
DIRECTOR C A Barron
SECRETARY C A Barron
REGISTERED OFFICE Stonecross
Trumpington High Street
Cambridge
CB2 9SU
United Kingdom
COMPANY NUMBER 10292290 (England and Wales)
ACCOUNTANT S&W Partners (East) LLP
Stonecross
Trumpington High Street
Cambridge
CB2 9SU
CHARLIE BARRON PEARLS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 July 2024
CHARLIE BARRON PEARLS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 24,844 14,702
Investments 4 26,410 26,410
51,254 41,112
Current assets
Stocks 2,181,176 790,043
Debtors 5 296,595 860,020
Cash at bank and in hand 897,014 692,644
3,374,785 2,342,707
Creditors: amounts falling due within one year 6 ( 1,560,674) ( 1,211,770)
Net current assets 1,814,111 1,130,937
Total assets less current liabilities 1,865,365 1,172,049
Provision for liabilities 7 ( 257) ( 3,676)
Net assets 1,865,108 1,168,373
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 1,865,008 1,168,273
Total shareholder's funds 1,865,108 1,168,373

For the financial 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.

Director's responsibilities:

The financial statements of Charlie Barron Pearls Limited (registered number: 10292290) were approved and authorised for issue by the Director on 10 July 2025. They were signed on its behalf by:

C A Barron
Director
CHARLIE BARRON PEARLS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
CHARLIE BARRON PEARLS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Charlie Barron Pearls Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Stonecross, Trumpington High Street, Cambridge, CB2 9SU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Charlie Barron Pearls Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment 3 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Tangible assets

Office equipment Computer equipment Total
£ £ £
Cost
At 01 August 2023 28,733 4,362 33,095
Additions 23,607 0 23,607
At 31 July 2024 52,340 4,362 56,702
Accumulated depreciation
At 01 August 2023 15,959 2,434 18,393
Charge for the financial year 12,207 1,258 13,465
At 31 July 2024 28,166 3,692 31,858
Net book value
At 31 July 2024 24,174 670 24,844
At 31 July 2023 12,774 1,928 14,702

4. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 August 2023 26,410 26,410
At 31 July 2024 26,410 26,410
Carrying value at 31 July 2024 26,410 26,410
Carrying value at 31 July 2023 26,410 26,410

5. Debtors

2024 2023
£ £
Accrued income 152,000 55,960
VAT recoverable 21,574 0
Other debtors 123,021 804,060
296,595 860,020

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 8,507 1,500
Amounts owed to director 50,914 61,554
Other loans 83,631 812,274
Accruals 2,750 9,694
Taxation and social security 253,507 155,268
Other creditors 1,161,365 171,480
1,560,674 1,211,770

7. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 3,676) 0
Credited/(charged) to the Statement of Income and Retained Earnings 3,419 ( 3,676)
At the end of financial year ( 257) ( 3,676)

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100