Company registration number: 07467605
Unaudited financial statements
for the year ended 31 December 2024
for
Fei Liu Fine Jewellery Ltd
Pages for filing with the Registrar
Company registration number: 07467605
Fei Liu Fine Jewellery Ltd
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 92,406 103,647
92,406 103,647
Current assets
Stocks 136,836 71,836
Debtors 14,392 66,853
Cash at bank and in hand 18,784 109,567
170,012 248,256
Creditors: amounts falling due within one
year 		(227,857) (345,888)
Net current liabilities (57,845) (97,632)
Total assets less current liabilities 34,561 6,015
Creditors: Amounts falling due after more
than one year 		(38,905) (13,189)
NET LIABILITIES (4,344) (7,174)
Capital and reserves
Called up share capital 1 1
Profit and loss account (4,345) (7,175)
TOTAL EQUITY (4,344) (7,174)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 07467605
Fei Liu Fine Jewellery Ltd
Balance sheet - continued
as at 31 December 2024
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr F Liu, Director
28 December 2025
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Fei Liu Fine Jewellery Ltd
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
Fei Liu Fine Jewellery Ltd is a private company registered in England and Wales. Its registered number is 07467605. The company is limited by shares. Its registered office is Fei Liu Fine Jewellery Ltd, The Argent Centre, Birmingham, West Midlands, B1 3HS.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - 2% reducing balance
Plant and machinery etc.:
Fixtures & fittings - 15% reducing balance
Computer equipment - 25% 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.
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Fei Liu Fine Jewellery Ltd
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 3 (2023 - 2).
4 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 January 2024 87,935 44,440 132,375
At 31 December 2024 87,935 44,440 132,375
Depreciation
At 1 January 2024 7,685 21,043 28,728
Charge for year 7,685 3,556 11,241
At 31 December 2024 15,370 24,599 39,969
Net book value
At 31 December 2024 72,565 19,841 92,406
At 31 December 2023 80,250 23,397 103,647
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