Company registration number 07495047 (England and Wales)
BANYAN JEWELLERY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
BANYAN JEWELLERY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
BANYAN JEWELLERY LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
10,757
13,125
Current assets
Stocks
63,233
54,902
Debtors
5
19,874
23,361
Cash at bank and in hand
190,159
154,957
273,266
233,220
Creditors: amounts falling due within one year
6
(46,160)
(28,883)
Net current assets
227,106
204,337
Net assets
237,863
217,462
Capital and reserves
Called up share capital
50
50
Capital redemption reserve
50
50
Profit and loss reserves
237,763
217,362
Total equity
237,863
217,462

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 1 August 2025
Y Zalman
Director
Company Registration No. 07495047
BANYAN JEWELLERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Banyan Jewellery Limited is a private company limited by shares incorporated in England and Wales. The registered office is Units 3 & 4 Riviera House, 26 Salisbury Road, Newton Abbot, Devon, UK, TQ12 2DF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, net of discounts and exclusive of Value Added Tax.

1.3
Intangible fixed assets - goodwill

Intangible fixed assets are included at cost less accumulated amortisation.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
10% straight line
Plant and equipment
15% reducing balance

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.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

BANYAN JEWELLERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end 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 accounts. Deferred tax is provided in full, where material, 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.

1.7
Retirement benefits

The company makes contributions to employee pension schemes. Contributions payable are recognised in the profit and loss account when they become due in accordance with contractual arrangements.

1.8
Foreign exchange

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
3
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
15,000
Amortisation and impairment
At 1 April 2024 and 31 March 2025
15,000
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
BANYAN JEWELLERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024
9,265
44,723
53,988
Additions
-
0
466
466
Disposals
-
0
(167)
(167)
At 31 March 2025
9,265
45,022
54,287
Depreciation and impairment
At 1 April 2024
8,337
32,526
40,863
Depreciation charged in the year
928
1,860
2,788
Eliminated in respect of disposals
-
0
(121)
(121)
At 31 March 2025
9,265
34,265
43,530
Carrying amount
At 31 March 2025
-
0
10,757
10,757
At 31 March 2024
928
12,197
13,125
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
8,356
6,917
Other debtors
11,518
16,444
19,874
23,361
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
3,287
2,361
Taxation and social security
27,398
23,355
Other creditors
15,475
3,167
46,160
28,883
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