David Lawes Jewellery Limited

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

Registered number: 04187132

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,208		3,307

			2,208		3,307
CURRENT ASSETS
Stocks	5	228,400		238,560
Debtors	6	11,970		14,895
Cash at bank and in hand		95,428		29,231

		335,798		282,686
Creditors: Amounts Falling Due Within One Year	7	(161,192 )		(168,175 )

NET CURRENT ASSETS (LIABILITIES)			174,606		114,511

TOTAL ASSETS LESS CURRENT LIABILITIES			176,814		117,818

NET ASSETS			176,814		117,818

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			176,714		117,718

SHAREHOLDERS' FUNDS			176,814		117,818

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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

Mr David Lawes

Director

02/12/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

David Lawes Jewellery Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04187132 . The registered office is 24 St. Cross Street, Hatton Garden, London, EC1N 8UH.

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. 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.

2.3. 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% per annum on the reducing balance basis
Computer Equipment	33% per annum on the reducing balance basis

2.4. 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.

2.5. Foreign Currencies

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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense tthat are taxable or deductible in another 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.

No provision is made for deferred tax as a result of timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.

2.7. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

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David Lawes Jewellery Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	15,993	26,879	42,872

As at 31 March 2025	15,993	26,879	42,872

Depreciation
As at 1 April 2024	15,947	23,618	39,565
Provided during the period	12	1,087	1,099

As at 31 March 2025	15,959	24,705	40,664

Net Book Value
As at 31 March 2025	34	2,174	2,208

As at 1 April 2024	46	3,261	3,307

5. Stocks

	2025	2024
	£	£
Materials	228,400	238,560

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	8,138	11,388
Prepayments and accrued income	3,832	3,507

	11,970	14,895

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	29,852	18,014
Corporation tax	16,950	2,369
Other taxes and social security	1,105	5,781
Other creditors	106,105	136,991
Accruals and deferred income	7,180	5,020

	161,192	168,175

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Ultimate Controlling Party

The company's ultimate controlling party is David Lawes by virtue of his ownership of 100% of the issued share capital in the company.

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