REGISTERED NUMBER: 07098701 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MING JEWELLERY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss M Lampson

SECRETARY:

The Hon A V W Lampson

REGISTERED OFFICE:

108 Talbot Road

London

London

W11 1JR

REGISTERED NUMBER:

07098701 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Intangible assets

4

35,000

40,000

Tangible assets

5

15,111

16,365

50,111

56,365

CURRENT ASSETS

Stocks

6

344,735

291,825

Debtors

7

62,497

36,261

Cash at bank and in hand

596,801

699,801

1,004,033

1,027,887

CREDITORS

Amounts falling due within one year

8

139,787

117,883

NET CURRENT ASSETS

864,246

910,004

TOTAL ASSETS LESS CURRENT LIABILITIES

914,357

966,369

PROVISIONS FOR LIABILITIES

9

2,871

3,694

NET ASSETS

911,486

962,675

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

911,386

962,575

SHAREHOLDERS' FUNDS

911,486

962,675

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

Miss M Lampson - Director

1.	STATUTORY INFORMATION

Ming Jewellery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

100,000

AMORTISATION

At 1 January 2024

60,000

Amortisation for year

5,000

At 31 December 2024

65,000

NET BOOK VALUE

At 31 December 2024

35,000

At 31 December 2023

40,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

9,345

77,582

86,927

Additions

6,020

2,017

8,037

At 31 December 2024

15,365

79,599

94,964

DEPRECIATION

At 1 January 2024

8,283

62,279

70,562

Charge for year

2,278

7,013

9,291

At 31 December 2024

10,561

69,292

79,853

NET BOOK VALUE

At 31 December 2024

4,804

10,307

15,111

At 31 December 2023

1,062

15,303

16,365

6.

STOCKS

31.12.24

31.12.23

£

£

Stocks

344,735

291,825

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

42,266

23,079

Prepayments

20,231

13,182

62,497

36,261

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

7,844

17,786

Tax

-

29,462

Social security and other taxes

4,988

-

VAT

31,379

34,012

Other creditors

4,915

174

Customer deposits

87,522

29,100

Directors' current accounts

839

189

Accrued expenses

2,300

7,160

139,787

117,883

9.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

Accelerated capital allowances

2,871

3,694

Deferred

tax

£

Balance at 1 January 2024

3,694

Provided during year

(823

)

Balance at 31 December 2024

2,871

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

70

Ordinary A

£1

70

70

30

Ordinary B

£1

30

30

100

100