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
Andrew Michael Jewellers Limited
Company Information
for the year ended 30 June 2025
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
Andrew Michael Jewellers Limited
Statement of financial position
as at 30 June 2025
Tangible assets
456,716
457,813
Inventories
4,104,212
4,034,376
Cash at bank and in hand
1,100,143
1,691,329
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
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
Andrew Michael Jewellers Limited
Notes to the Accounts
for the year ended 30 June 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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, 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 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.
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.
Andrew Michael Jewellers Limited
Notes to the Accounts
for the year ended 30 June 2025
4
Intangible fixed assets
Total
5
Tangible fixed assets
Total
Charge for the year
37,283
6
Transactions with related parties
During the year, total dividends of £500 (2024 - £1,000) were paid to the director.
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).