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Company registration number: 01773167
Samuel Findings & Jewellers Limited
Unaudited filleted abridged financial statements
For the year ended
30 April 2025
Samuel Findings & Jewellers Limited
Contents
Directors and other information
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
Samuel Findings & Jewellers Limited
Directors and other information

| Directors | Ms M Valkema
|  | Mr S Nathoo
|  | Mr R Valkema
| Company number | 01773167
| Registered office | 31 Braintree Avenue
|  | Ilford
|  | Essex
|  | IG4 5PY
| Accountant | ATS Services Limited
|  | 22 Northumberland Avenue
|  | Wamstead
|  | London
|  | E12 5HD

Samuel Findings & Jewellers Limited
Abridged statement of financial position
30 April 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 5 | 270,196 |  |  |  | 275,881 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 270,196 |  |  |  | 275,881
Current assets |  |  |  |  |  |  |  |  |
Stocks |  |  | 31,290 |  |  |  | 49,500 |  |
Debtors |  |  | 44,157 |  |  |  | 62,775 |  |
Cash at bank and in hand |  |  | 26,710 |  |  |  | 16,709 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 102,157 |  |  |  | 128,984 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  |  | ( 205,370) |  |  |  | ( 369,356) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current liabilities |  |  |  |  | ( 103,213) |  |  |  | ( 240,372)
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 166,983 |  |  |  | 35,509
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  |  |  |  | ( 99,641) |  |  |  | ( 6,667)
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 67,342 |  |  |  | 28,842
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  |  | 67,242 |  |  |  | 28,742
|  |  |  |  | _______ |  |  |  | _______
Shareholders funds |  |  |  |  | 67,342 |  |  |  | 28,842
|  |  |  |  | _______ |  |  |  | _______

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 19 January 2026 , and are signed on behalf of the board by:
Ms M Valkema
Director
Company registration number: 01773167
Samuel Findings & Jewellers Limited
Statement of changes in equity
Year ended 30 April 2025

|  | Called up share capital |  | Profit and loss account | Total |  |  |  |  |
|  | £ |  | £ | £ |  |  |  |  |
At 1 May 2023 |  | 100 |  | 33,192 | 33,292 |  |  |  |  |
Profit/(loss) for the year |  |  |  | ( 4,450) | ( 4,450) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total comprehensive income for the year |  | - |  | ( 4,450) | ( 4,450) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
At 30 April 2024 and 1 May 2024 |  | 100 |  | 28,742 | 28,842 |  |  |  |  |
Profit/(loss) for the year |  |  |  | 38,500 | 38,500 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total comprehensive income for the year |  | - |  | 38,500 | 38,500 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
At 30 April 2025 |  | 100 |  | 67,242 | 67,342 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |

Samuel Findings & Jewellers Limited
Notes to the financial statements
Year ended 30 April 2025
1. General information
Samuel Findings & Jewellers Limited is a private company limited by shares, registered in England and Wales. The address of the registered office is 31 Braintree Avenue, Ilford, Essex, IG4 5PY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. and the requirements of the Companies Act 2006 as applicable to to companies subject to the small companies regime.The disclosure requirments of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and a fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
3. Accounting policies
Basis of preparation
The fianancial statements have been prepared on the historical cost basis and measured at fair value through profit and loss.
Going concern
At the time of approving the financial statements,the directors have a reasonable expectation that the company has adequate resources to continue in opetational existence for the foreseeable future.Thus the directors continue to adopt the going concen basis of accounting in preparing the financial statements.
Turnover
Turnover is recognised at the fair value of the consideration received or receicable for the goods or services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Transactions in currencies other than pounds stering are recorded at the rates of exchange prevaling at the date of transactions.At each reporting end date, monetary assets and liabilties are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses airsing on translation in the period are included in profit and loss.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Freehold land and Buildings | - | 2% % | straight line
| Plant and machinery | - | 15% % | reducing balance
| Fittings fixtures and equipment | - | 15% % | reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stock is valued at the lower of cost and net realisable value.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2024: 6 ).

5. Tangible assets

|  | £ |  |  |  |  |
| Cost |  |  |  |  |  |
| At 1 May 2024 and 30 April 2025 | 349,695 |  |  |  |  |
|  | _______ |  |  |  |  |
| Depreciation |  |  |  |  |  |
| At 1 May 2024 | 73,814 |  |  |  |  |
| Charge for the year | 5,685 |  |  |  |  |
|  | _______ |  |  |  |  |
| At 30 April 2025 | 79,499 |  |  |  |  |
|  | _______ |  |  |  |  |
| Carrying amount |  |  |  |  |  |
| At 30 April 2025 | 270,196 |  |  |  |  |
|  | _______ |  |  |  |  |
| At 30 April 2024 | 275,881 |  |  |  |  |
|  | _______ |  |  |  |  |

6. Directors advances, credits and guarantees
The balances due to directors and shareholders at the balance sheet date are as follows: Directors: Ms M Valkema £115,588 (2024: £71,102). Mr S Nathoo £4,000 (2024: £198,680), Mr R Valkema £15,000 (2024: £Nil).The loan provided by Ms M Valkema is for a term of 32 years, interest is payable at 4% per annum and is unsecured. The interest charged for the year ended 30 April 2025 was £982 (2024:£3,157). The loan from Mr S Nathoo is interest free, unsecured and repayable on demand.
7. Related party transactions
During the year, a Deed of Assignment dated 9 April 2024 was executed under which Mr S Nathoo, a director of the company, assigned the balance of his director's loan to the company to members of his immediate family.The loans are non-interest-bearing, unsecured, and repayable on demand.Following the assignment, the company's liability remained unchanged, but is now owed to the family members of the director.At 30 April 2025, the total amount due under these loans was £195,577.No other transactions took place with these related parties during the year.