Expressions Jewellery Limited - Filleted accounts

Registered number

04845999

Expressions Jewellery Limited

Unaudited Filleted Accounts

31 July 2025

Expressions Jewellery Limited
Registered number:		04845999
Balance Sheet
as at 31 July 2025

	Notes		2025			2024
£				£
Fixed assets
Tangible assets	4		36,264			51,907

Current assets
Stocks		245,776			255,878
Debtors	5	82,974			42,009
Cash at bank and in hand		12,051			19,066
		340,801			316,953

Creditors: amounts falling due within one year	6	(242,844)			(229,438)

Net current assets			97,957			87,515

Total assets less current liabilities			134,221			139,422

Creditors: amounts falling due after more than one year	7		-			(16,667)

Net assets			134,221			122,755

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			133,221			121,755

Shareholders' funds			134,221			122,755

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.




S Worthington
Director
Approved by the board on 28 April 2026

Expressions Jewellery Limited
Notes to the Accounts
for the year ended 31 July 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).

	Going concern
	The directors have considered the financial position of the company and its expected cash flows for a period of at least 12 months from the date of approval of these financial statements. As part of this assessment, the directors have reviewed forecasts and projections, taking into account reasonably possible changes in trading performance, and are satisfied that the group has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis.

	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. 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 is reduced for estimated customer returns, rebates and other similar allowances.

	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:

	Plant and machinery	20% reducing balance
	Motor vehicles	20% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell, making due allowance for obsolete and slow-moving stocks. 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.

	Debt factoring
	The company has entered into a factoring arrangement under which trade receivables are assigned to a third party in return for immediate cash advances. As the company retains substantially all the risks and rewards of ownership of the receivables, they continue to be recognised as assets on the balance sheet. The corresponding advance received is recognised as a liability within creditors: amounts falling due within one year.

	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.

	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.

	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			6		6


3	Exceptional item

	There are no exceptional items to report for 2025. In 2024 exceptional costs totalling £195,902 were included within cost of sales, relating to historic unrecognised costs associated with the design and production of prototype master patterns for jewellery manufacturing lines. These costs also include related materials and semi-finished products. The recognition of these amounts reduced the reported profit for the prior year by £195,902.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 August 2024	145,831		51,750		197,581
	Additions	-		16,500		16,500
	Disposals	(131,992)		(26,750)		(158,742)
	At 31 July 2025	13,839		41,500		55,339

	Depreciation
	At 1 August 2024	117,515		28,159		145,674
	Charge for the year	1,248		6,484		7,732
	On disposals	(112,505)		(21,826)		(134,331)
	At 31 July 2025	6,258		12,817		19,075

	Net book value
	At 31 July 2025	7,581		28,683		36,264
	At 31 July 2024	28,316		23,591		51,907


5	Debtors			2025		2024
£					£

	Trade debtors			73,759		35,438
	Other debtors			9,215		6,571
				82,974		42,009


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

	Bank loans			16,667		20,000
	Trade creditors			12,371		5,544
	Taxation and social security costs			40,684		29,944
	Other creditors			173,122		173,950
				242,844		229,438

	Other creditors include amounts due to the directors totalling £135,027 (2024: £121,311). These balances are unsecured, interest-free, and repayable on demand unless otherwise stated.

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

	Bank loans			-		16,667


8	Secured debts			2025		2024
£					£
	The following secured debts are included within creditors:


	Bank loans			16,667		36,667
	Debt factoring			19,332		28,412
				35,999		65,079

	The company has granted a debenture to its bank, creating fixed and floating charges over all the assets and undertakings of the business. This security relates to the outstanding bank loan of £16,667 (2024: £36,667), which is included in bank loans above, and to the factoring facility of £19,332 (2024: £28,412), which is included in other creditors above.


9	Share capital			2025		2024
£					£
	Allotted, called up and fully paid share capital:
	1,000 ordinary shares of £1 each			1,000		1,000
				1,000		1,000


10	Other information

	Expressions Jewellery Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Gilmarde House
	47 South Bar Street
	Banbury
	Oxfordshire
	OX16 9AB