Bill Smith Jewellers Limited - Filleted accounts

Registered number

04777424

Bill Smith Jewellers Limited

Unaudited Filleted Accounts

30 April 2025

Bill Smith Jewellers Limited
Registered number:		04777424
Balance Sheet
as at 30 April 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		-			44

Current assets
Stocks		-			4,725
Debtors	4	2,755			614
Cash at bank and in hand		294,635			298,753
		297,390			304,092

Creditors: amounts falling due within one year	5	(24,436)			(21,981)

Net current assets			272,954			282,111

Total assets less current liabilities			272,954			282,155


Provisions for liabilities			-			(8)


Net assets			272,954			282,147

Capital and reserves
Called up share capital			2			2
Profit and loss account			272,952			282,145

Shareholder's funds			272,954			282,147

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




W. Smith
Director
Approved by the board on 4 November 2025

Bill Smith Jewellers Limited
Notes to the Accounts
for the period from 1 April 2024 to 30 April 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		1		1


3	Tangible fixed assets
					Plant and machinery
£
	Cost
	At 1 April 2024				3,434
	At 30 April 2025				3,434

	Depreciation
	At 1 April 2024				3,390
	Charge for the period				44
	At 30 April 2025				3,434

	Net book value
	At 30 April 2025				-
	At 31 March 2024				44


4	Debtors		2025		2024
£				£

	Other debtors		2,755		614


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Other creditors		24,436		21,981


6	Controlling party

	The company is controlled by W. Smith, who is its director and shareholder.


7	Other information

	Bill Smith Jewellers Limited is a private company limited by shares and incorporated in England. Its registered office is:
	58 Mill Street
	Bideford
	Devon
	EX39 2JT