REGISTERED NUMBER: 09598262 (England and Wales)

JPB JEWELLERY LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J P Butterfield

Mr J L J Watson

Mrs N M Franco

REGISTERED OFFICE:

3A Half Moon Street

Huddersfield

West Yorkshire

HD1 2JD

REGISTERED NUMBER:

09598262 (England and Wales)

ACCOUNTANTS:

SMH Sheards

Vernon House

40 New North Road

Huddersfield

West Yorkshire

HD1 5LS

FIXED ASSETS

Intangible assets

4

2,098

10,098

Tangible assets

5

32,233

38,077

34,331

48,175

CURRENT ASSETS

Stocks

6

1,017,630

1,073,749

Debtors

7

72,619

8,978

Cash at bank and in hand

84,569

63,875

1,174,818

1,146,602

CREDITORS

Amounts falling due within one year

8

(181,083

)

(219,662

)

NET CURRENT ASSETS

993,735

926,940

TOTAL ASSETS LESS CURRENT LIABILITIES

1,028,066

975,115

CREDITORS

Amounts falling due after more than one year

9

(1,667

)

(11,667

)

PROVISIONS FOR LIABILITIES

11

(7,861

)

(9,309

)

NET ASSETS

1,018,538

954,139

CAPITAL AND RESERVES

Called up share capital

12

99

99

Retained earnings

1,018,439

954,040

SHAREHOLDERS' FUNDS

1,018,538

954,139

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

Mr J P Butterfield - Director

Mr J L J Watson - Director

1.	STATUTORY INFORMATION

JPB 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 comprises the value of goods supplied, net of value added tax, recognised at the time of their supply.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten 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.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors, and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, bank loans, and accruals are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

80,000

AMORTISATION

At 1 April 2024

69,902

Charge for year

8,000

At 31 March 2025

77,902

NET BOOK VALUE

At 31 March 2025

2,098

At 31 March 2024

10,098

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

11,709

64,619

9,835

86,163

DEPRECIATION

At 1 April 2024

2,310

36,209

9,567

48,086

Charge for year

1,410

4,262

172

5,844

At 31 March 2025

3,720

40,471

9,739

53,930

NET BOOK VALUE

At 31 March 2025

7,989

24,148

96

32,233

At 31 March 2024

9,399

28,410

268

38,077

6.

STOCKS

2025

2024

£

£

Stocks

1,017,630

1,073,749

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

67,212

7,951

Other debtors

5,407

1,027

72,619

8,978

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

67,093

33,435

Taxation and social security

54,885

58,010

Other creditors

49,105

118,217

181,083

219,662

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,667

11,667

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

11,667

21,667

The bank loan comprises a loan secured by a government backed initiative.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

7,861

9,309

Deferred

tax

£

Balance at 1 April 2024

9,309

Credit to Income Statement during year

(1,448

)

Balance at 31 March 2025

7,861

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

33

Ordinary A

£1

33

33

33

Ordinary B

£1

33

33

33

Ordinary C

£1

33

33

99

99

13.	RELATED PARTY DISCLOSURES

At 31st March 2025 £45,553 (2024: £114,721) was owed to the Directors by way of Directors' loan account. The loan is interest free and repayable on demand.

14.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J P Butterfield.