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Company Registration No. 03755874 (England and Wales)
Andrew Michael Jewellers Limited Unaudited accounts for the year ended 30 June 2025
Andrew Michael Jewellers Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Andrew Michael Jewellers Limited Company Information for the year ended 30 June 2025
Director
Mr Andrew Jones
Secretary
Mrs S Jones
Company Number
03755874 (England and Wales)
Registered Office
38-39 Stodman Street Newark Nottinghamshire NG24 1AW
Accountants
Add-itions Accountancy Solutions Ltd 321 Main Street Calverton Nottingham Nottinghamshire NG14 6LT
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Andrew Michael Jewellers Limited Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
456,716
457,813
Current assets
Inventories
4,104,212
4,034,376
Debtors
103,560
143,728
Cash at bank and in hand
1,100,143
1,691,329
5,307,915
5,869,433
Creditors: amounts falling due within one year
(621,506)
(1,651,335)
Net current assets
4,686,409
4,218,098
Total assets less current liabilities
5,143,125
4,675,911
Creditors: amounts falling due after more than one year
(667)
(12,243)
Provisions for liabilities
Deferred tax
(11,673)
(11,234)
Net assets
5,130,785
4,652,434
Capital and reserves
Called up share capital
4
4
Profit and loss account
5,130,781
4,652,430
Shareholders' funds
5,130,785
4,652,434
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 June 2026 and were signed on its behalf by
Mr Andrew Jones Director Company Registration No. 03755874
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Andrew Michael Jewellers Limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Andrew Michael Jewellers Limited is a private company, limited by shares, registered in England and Wales, registration number 03755874. The registered office is 38-39 Stodman Street, Newark, Nottinghamshire, NG24 1AW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on cost & 10% on cost
Fixtures & fittings
20% on reducing balance
Computer equipment
33% on reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Andrew Michael Jewellers Limited Notes to the Accounts for the year ended 30 June 2025
4
Intangible fixed assets
Total
£
Cost
At 1 July 2024
195,000
At 30 June 2025
195,000
Amortisation
At 1 July 2024
195,000
At 30 June 2025
195,000
Net book value
At 30 June 2025
-
5
Tangible fixed assets
Total
£
Cost or valuation
At 1 July 2024
955,900
Additions
36,186
At 30 June 2025
992,086
Depreciation
At 1 July 2024
498,087
Charge for the year
37,283
At 30 June 2025
535,370
Net book value
At 30 June 2025
456,716
At 30 June 2024
457,813
6
Transactions with related parties
During the year, total dividends of £500 (2024 - £1,000) were paid to the director.
7
Controlling party
The ultimate controlling party is Mr A Jones .
8
Average number of employees
During the year the average number of employees was 14 (2024: 14).
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