REGISTERED NUMBER: 09406608 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Ring Jewellers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S J Stanley

REGISTERED OFFICE:

21 Meeting House Lane

Brighton

East Sussex

BN1 1HB

REGISTERED NUMBER:

09406608 (England and Wales)

ACCOUNTANTS:

Sussex Accounting Solutions Ltd

7 The Green

Lewes Road

Ringmer

LEWES

East Sussex

BN8 5QG

FIXED ASSETS

Tangible assets

4

8,614

7,244

CURRENT ASSETS

Stocks

233,248

207,685

Debtors

5

47,227

41,031

Cash at bank and in hand

65,224

22,611

345,699

271,327

CREDITORS

Amounts falling due within one year

6

159,927

150,661

NET CURRENT ASSETS

185,772

120,666

TOTAL ASSETS LESS CURRENT LIABILITIES

194,386

127,910

PROVISIONS FOR LIABILITIES

3,530

2,984

NET ASSETS

190,856

124,926

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

190,854

124,924

190,856

124,926

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 16 December 2025 and were signed by:

S J Stanley - Director

1.	STATUTORY INFORMATION

Ring Jewellers 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.

Turnover is recognised on the transfer of ownership of goods to the customer. Deposits from customers are treated as deferred income and included on the balance sheet until the goods are collected.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost, 15% on reducing balance and 5% on reducing balance

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

Short leasehold - over the term of the lease

Improvements to property - 5% on reducing balance

Fixtures and fittings - 15% on reducing balance

Computer equipment - 25% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined on the terms of the grant.

The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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 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.

Leasing commitments

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

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 7 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

14,668

Additions

2,575

At 31 March 2025

17,243

DEPRECIATION

At 1 April 2024

7,424

Charge for year

1,205

At 31 March 2025

8,629

NET BOOK VALUE

At 31 March 2025

8,614

At 31 March 2024

7,244

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

38,202

31,970

Other debtors

9,025

9,061

47,227

41,031

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

4,108

13,246

Trade creditors

58,167

50,134

Taxation and social security

50,383

22,728

Other creditors

47,269

64,553

159,927

150,661

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

30,000

30,000

Between one and five years

60,000

90,000

90,000

120,000