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Company Registration No. 09264873 (England and Wales)
Gracee Jewellery Limited Unaudited accounts for the year ended 31 October 2024
Gracee Jewellery Limited Unaudited accounts Contents
Page
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Gracee Jewellery Limited Company Information for the year ended 31 October 2024
Directors
Juan Wu M Liu
Secretary
Min Liu
Company Number
09264873 (England and Wales)
Registered Office
Unit 10 Honeypot Business Centre Parr Road Stanmore HA7 1NL United Kingdom
Accountants
Anthony Daniel Associates Ltd 10 Julian Place London E14 3AT
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Gracee Jewellery Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,341 
11,035 
Current assets
Inventories
187,742 
231,092 
Debtors
204,349 
85,433 
Cash at bank and in hand
131,636 
134,288 
523,727 
450,813 
Creditors: amounts falling due within one year
(325,870)
(284,936)
Net current assets
197,857 
165,877 
Net assets
207,198 
176,912 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
207,098 
176,812 
Shareholders' funds
207,198 
176,912 
For the year ending 31 October 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2025 and were signed on its behalf by
M Liu Director Company Registration No. 09264873
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Gracee Jewellery Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Gracee Jewellery Limited is a private company, limited by shares, registered in England and Wales, registration number 09264873. The registered office is Unit 10 Honeypot Business Centre, Parr Road, Stanmore, HA7 1NL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% on cost
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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
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Gracee Jewellery Limited Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2023
43,437 
Additions
1,760 
At 31 October 2024
45,197 
Depreciation
At 1 November 2023
32,402 
Charge for the year
3,454 
At 31 October 2024
35,856 
Net book value
At 31 October 2024
9,341 
At 31 October 2023
11,035 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
46,742 
63,826 
Other debtors
157,607 
21,607 
204,349 
85,433 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
183,656 
189,186 
Taxes and social security
120,457 
73,790 
Other creditors
10,666 
6,287 
Loans from directors
11,091 
15,673 
325,870 
284,936 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Controlling party
The ultimate controlling party is Mrs. Juan Wu, who is a director and holds fifty percent of the company shares.
9
Average number of employees
During the year the average number of employees was 5 (2023: 4).
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