DG BESPOKE JEWELLERY LIMITED - Filleted accounts

Registered number

10650351

DG BESPOKE JEWELLERY LIMITED

Unaudited Filleted Accounts

For the year ended 31 March 2025

DG BESPOKE JEWELLERY LIMITED
Registered number:		10650351
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£			£	£		£
Fixed assets
Tangible assets	3		21,305			28,406

Current assets
Stocks		25,500			39,500
Debtors	4	206,743			234,727
Cash at bank and in hand		231,073			185,653
		463,316			459,880

Creditors: amounts falling due within one year	5	(39,934)			(36,371)

Net current assets			423,382			423,509

Total assets less current liabilities			444,687			451,915

Creditors: amounts falling due after more than one year	6		-			(20,517)

Provisions for liabilities			(5,328)			(7,103)


Net assets			439,359			424,295

Capital and reserves
Called up share capital			100			100
Profit and loss account			439,259			424,195

Shareholder's funds			439,359			424,295

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.




D Greenberg
Director
Approved by the board on 29 December 2025

DG BESPOKE JEWELLERY LIMITED
Notes to the Accounts
for the year ended 31 March 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:

	Motor vehicles			25% reducing balance basis
	Fixtures, fittings, tools and equipment			25% reducing balance basis

	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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.



2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					0		0


3	Tangible fixed assets
				Fixtures, fittings, tools and equipment		Motor vehicles		Total
£					£		£
	Cost
	At 1 April 2024			15,377		39,990		55,367
	At 31 March 2025			15,377		39,990		55,367

	Depreciation
	At 1 April 2024			8,060		18,901		26,961
	Charge for the year			1,829		5,272		7,101
	At 31 March 2025			9,889		24,173		34,062

	Net book value
	At 31 March 2025			5,488		15,817		21,305
	At 31 March 2024			7,317		21,089		28,406


4	Debtors					2025		2024
£							£

	Trade debtors					18,529		32,749
	Other debtors					188,214		201,978
						206,743		234,727


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

	Obligations under finance lease and hire purchase contracts					-		4,570
	Trade creditors					6,081		8,225
	Taxation and social security costs					27,417		13,748
	Other creditors					6,436		9,828
						39,934		36,371


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					-		20,517


7	Other financial commitments					2025		2024
£							£

	Total future minimum payments under non-cancellable operating leases					18,396		35,040


8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	D Greenberg
	Loan	138,228		43,715		(46,260)		135,683

		138,228		43,715		(46,260)		135,683


9	Other information

	DG BESPOKE JEWELLERY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	32-34 Arlington Road
	London
	NW1 7HU

	The accounts are prepared in Sterling, which is the functional currency of the company. Monetary amounts in these accounts are rounded to the nearest £.