THE JEWELLERY COLLECTIVE CIC

Company limited by guarantee

Company Registration Number:
15052282 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 7 August 2023

End date: 31 August 2024

THE JEWELLERY COLLECTIVE CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE JEWELLERY COLLECTIVE CIC

Directors' report period ended 31 August 2024

The directors present their report with the financial statements of the company for the period ended 31 August 2024

Principal activities of the company

The company's principal activity during the year was educational support services in the jewellery field.



Directors

The director shown below has held office during the whole of the period from
7 August 2023 to 31 August 2024

K Gordon


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
27 June 2025

And signed on behalf of the board by:
Name: K Gordon
Status: Director

THE JEWELLERY COLLECTIVE CIC

Profit And Loss Account

for the Period Ended 31 August 2024

13 months to 31 August 2024


£
Turnover: 36,805
Cost of sales: ( 1,990 )
Gross profit(or loss): 34,815
Administrative expenses: ( 8,210 )
Operating profit(or loss): 26,605
Profit(or loss) before tax: 26,605
Tax: ( 5,111 )
Profit(or loss) for the financial year: 21,494

THE JEWELLERY COLLECTIVE CIC

Balance sheet

As at 31 August 2024

Notes 13 months to 31 August 2024


£
Current assets
Cash at bank and in hand: 27,835
Total current assets: 27,835
Creditors: amounts falling due within one year: 3 ( 6,341 )
Net current assets (liabilities): 21,494
Total assets less current liabilities: 21,494
Total net assets (liabilities): 21,494
Members' funds
Profit and loss account: 21,494
Total members' funds: 21,494

The notes form part of these financial statements

THE JEWELLERY COLLECTIVE CIC

Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 27 June 2025
and signed on behalf of the board by:

Name: K Gordon
Status: Director

The notes form part of these financial statements

THE JEWELLERY COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Other accounting policies

    Debtors - Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors- Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Taxation- A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

THE JEWELLERY COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    13 months to 31 August 2024
    Average number of employees during the period 0

THE JEWELLERY COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Creditors: amounts falling due within one year note

13 months to 31 August 2024
£
Taxation and social security 5,111
Other creditors 1,230
Total 6,341

COMMUNITY INTEREST ANNUAL REPORT

THE JEWELLERY COLLECTIVE CIC

Company Number: 15052282 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

During the last financial year, the Jewellery Collective championed local jewellers and boosted our creative industry. We ran targeted workshops to enhance design skills and build confidence in wholesale markets, helping jewellers expand their reach. Our initiatives also fostered realistic goal setting and resilience by promoting peer support. Essential business skills like pricing and marketing were covered, alongside structured mentorship opportunities. We actively built social capital through networking and collaborations, strengthening the local jewellery ecosystem. These efforts led to increased business activity, higher quality products, stronger networks, and improved confidence for local jewellers. This success not only empowers individuals but also enriches our community's cultural and economic vibrancy.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
27 June 2025

And signed on behalf of the board by:
Name: K Gordon
Status: Director