REGISTERED NUMBER: 04116699 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Libra (UK) Jewellery Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

P R Davies

REGISTERED OFFICE:

Leofric House

Binley Road

Coventry

West Midlands

CV3 1JN

REGISTERED NUMBER:

04116699 (England and Wales)

ACCOUNTANTS:

Leigh Christou Ltd

Chartered Certified Accountants

Leofric House

Binley Road

Coventry

CV3 1JN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

6,705

7,545

6,705

7,545

CURRENT ASSETS

Stocks

10,000

17,000

Debtors

6

43,018

68,763

Cash at bank

683,096

562,884

736,114

648,647

CREDITORS

Amounts falling due within one year

7

70,980

72,345

NET CURRENT ASSETS

665,134

576,302

TOTAL ASSETS LESS CURRENT LIABILITIES

671,839

583,847

PROVISIONS FOR LIABILITIES

1,676

1,886

NET ASSETS

670,163

581,961

CAPITAL AND RESERVES

Called up share capital

65

65

Capital redemption reserve

35

35

Retained earnings

670,063

581,861

SHAREHOLDERS' FUNDS

670,163

581,961

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 October 2025 and were signed by:

P R Davies - Director

1.	STATUTORY INFORMATION

Libra (UK) 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 2001, is being amortised evenly over its estimated useful life of twenty 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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Patents and licences

Patents and licences represents the cost paid to solicitors in connection with the protection of the company's brand name and is being amortised evenly over 5 years.

Tangible fixed assets

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

Improvements to property

-

15% on reducing balance

Plant and machinery

-

25% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

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 Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

38,002

8,652

46,654

AMORTISATION

At 1 April 2024

and 31 March 2025

38,002

8,652

46,654

NET BOOK VALUE

At 31 March 2025

-

-

-

At 31 March 2024

-

-

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

14,385

95,899

6,074

Additions

-

-

-

At 31 March 2025

14,385

95,899

6,074

DEPRECIATION

At 1 April 2024

13,724

95,822

4,943

Charge for year

99

28

171

At 31 March 2025

13,823

95,850

5,114

NET BOOK VALUE

At 31 March 2025

562

49

960

At 31 March 2024

661

77

1,131

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

68,239

23,818

208,415

Additions

-

1,168

1,168

At 31 March 2025

68,239

24,986

209,583

DEPRECIATION

At 1 April 2024

62,562

23,819

200,870

Charge for year

1,419

291

2,008

At 31 March 2025

63,981

24,110

202,878

NET BOOK VALUE

At 31 March 2025

4,258

876

6,705

At 31 March 2024

5,677

(1

)

7,545

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

38,122

63,898

Other debtors

4,896

4,865

43,018

68,763

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed to associates

17,809

17,784

Taxation and social security

50,017

51,472

Other creditors

3,154

3,089

70,980

72,345

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

P R Davies

Balance outstanding at start of year

(15

)

-

Amounts advanced

15

-

Amounts repaid

-

(15

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(15

)

9.	RELATED PARTY DISCLOSURES

The company occupies a warehouse unit which is owned by the director of the company. Rent was paid in respect of these premises amounting to £19,200 in the year (2024: £11,533).

Other creditors includes £17,809 (2024: £17,784) owed to Zube Ltd, a company which is controlled by P Davies, the director. Interest is being charged at the HMRC official rate.

10.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous period by Mr P R Davies by virtue of his majority shareholding.