1 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 10406238 2024-01-01 2024-12-31 10406238 2024-12-31 10406238 2023-12-31 10406238 2023-01-01 2023-12-31 10406238 2023-12-31 10406238 2022-12-31 10406238 bus:Director1 2024-01-01 2024-12-31 10406238 core:WithinOneYear 2024-12-31 10406238 core:WithinOneYear 2023-12-31 10406238 core:AfterOneYear 2024-12-31 10406238 core:AfterOneYear 2023-12-31 10406238 core:ShareCapital 2024-12-31 10406238 core:ShareCapital 2023-12-31 10406238 core:RetainedEarningsAccumulatedLosses 2024-12-31 10406238 core:RetainedEarningsAccumulatedLosses 2023-12-31 10406238 bus:Director1 2023-12-31 10406238 bus:Director1 2024-12-31 10406238 bus:Director1 2022-12-31 10406238 bus:Director1 2023-12-31 10406238 bus:Director1 2023-01-01 2023-12-31 10406238 bus:SmallEntities 2024-01-01 2024-12-31 10406238 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 10406238 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10406238 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10406238 bus:FullAccounts 2024-01-01 2024-12-31
COMPANY REGISTRATION NUMBER: 10406238
Jewelstar Limited
Filleted Unaudited Financial Statements
For the year ended
31 December 2024
Jewelstar Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
170
Current assets
Stocks
52,200
28,700
Debtors
5
157,581
104,162
Cash at bank and in hand
18,115
29,756
---------
---------
227,896
162,618
Creditors: amounts falling due within one year
6
162,384
104,674
---------
---------
Net current assets
65,512
57,944
--------
--------
Total assets less current liabilities
65,512
58,114
Creditors: amounts falling due after more than one year
7
47,326
43,208
--------
--------
Net assets
18,186
14,906
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
18,086
14,806
--------
--------
Shareholder funds
18,186
14,906
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Jewelstar Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 3 July 2025 , and are signed on behalf of the board by:
R Tandara
Director
Company registration number: 10406238
Jewelstar Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 107-111 Fleet Street, London, EC4A 2AB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Debtors
2024
2023
£
£
Trade debtors
156,489
101,180
Other debtors
1,092
2,982
---------
---------
157,581
104,162
---------
---------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
13,180
5,086
Trade creditors
129,017
64,869
Corporation tax
769
626
Social security and other taxes
4,898
2,709
Other creditors
14,520
31,384
---------
---------
162,384
104,674
---------
---------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
47,326
43,208
--------
--------
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
R Tandara
( 29,584)
16,714
( 12,870)
--------
--------
--------
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
R Tandara
( 41,504)
11,920
( 29,584)
--------
--------
--------