J W Taylor Jewellers Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04528372

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1		1
Tangible Assets	5		30		30

			31		31
CURRENT ASSETS
Stocks	6	188,500		210,000
Debtors	7	926		1,431
Cash at bank and in hand		7,434		6,344

		196,860		217,775
Creditors: Amounts Falling Due Within One Year	8	(2,053 )		(2,141 )

NET CURRENT ASSETS (LIABILITIES)			194,807		215,634

TOTAL ASSETS LESS CURRENT LIABILITIES			194,838		215,665

NET ASSETS			194,838		215,665

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			194,738		215,565

SHAREHOLDERS' FUNDS			194,838		215,665

Page 1

Page 2

J W Taylor Jewellers Limited

Balance Sheet (continued)

As At 30 November 2024

For the year ending 30 November 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Ms Louise Taylor

Director

30th November 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

J W Taylor Jewellers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04528372 . The registered office is 55 Crown Street, Brentwood, Essex, CM14 4BD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

25% of net book value per year

2.5. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Page 3

Page 4

J W Taylor Jewellers Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2024

2.6. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 December 2023	40,000

As at 30 November 2024	40,000

Amortisation
As at 1 December 2023	39,999

As at 30 November 2024	39,999

Net Book Value
As at 30 November 2024	1

As at 1 December 2023	1

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 December 2023	2,757

As at 30 November 2024	2,757

Depreciation
As at 1 December 2023	2,727

As at 30 November 2024	2,727

Net Book Value
As at 30 November 2024	30

As at 1 December 2023	30

Page 4

Page 5

J W Taylor Jewellers Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2024

6. Stocks

	2024	2023
	£	£
Finished goods	188,500	210,000

7. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	433	426
VAT	493	1,005

	926	1,431

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Other taxes and social security	-	832
Net wages	-	76
Accruals and deferred income	1,897	1,013
Directors' loan accounts	156	220

	2,053	2,141

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

Page 5