Company registration number 04523060 (England and Wales)
HARRIET KELSALL JEWELLERY DESIGN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
HARRIET KELSALL JEWELLERY DESIGN LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
HARRIET KELSALL JEWELLERY DESIGN LIMITED
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Intangible assets
3
60,335
100,606
Tangible assets
4
197,002
249,577
257,337
350,183
Current assets
Stocks
623,333
447,979
Debtors
5
151,628
122,747
Cash at bank and in hand
756,718
955,701
1,531,679
1,526,427
Creditors: amounts falling due within one year
6
(488,817)
(398,038)
Net current assets
1,042,862
1,128,389
Total assets less current liabilities
1,300,199
1,478,572
Provisions for liabilities
(47,258)
-
Net assets
1,252,941
1,478,572
Capital and reserves
Called up share capital
103
100
Profit and loss reserves
1,252,838
1,478,472
Total equity
1,252,941
1,478,572
HARRIET KELSALL JEWELLERY DESIGN LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2026
31 March 2026
- 2 -

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 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.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 23 July 2026 and are signed on its behalf by:
H Kelsall
Director
Company registration number 04523060 (England and Wales)
HARRIET KELSALL JEWELLERY DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -
1
Accounting policies
Company information

Harriet Kelsall Jewellery Design Limited is a private company limited by shares incorporated in England and Wales. The registered office is North Barn, Fairclough Hall Farm, Halls Green, Herts, SG4 7DP.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
over 4 years
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
over term of lease (10 years)
Plant and equipment
25% on reducing balance
Fixtures and fittings
25% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

HARRIET KELSALL JEWELLERY DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

HARRIET KELSALL JEWELLERY DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

HARRIET KELSALL JEWELLERY DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 6 -
1.14
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
42
42
3
Intangible fixed assets
Other
£
Cost
At 1 April 2025 and 31 March 2026
171,459
Amortisation and impairment
At 1 April 2025
70,853
Amortisation charged for the year
40,271
At 31 March 2026
111,124
Carrying amount
At 31 March 2026
60,335
At 31 March 2025
100,606
HARRIET KELSALL JEWELLERY DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2025
263,372
874,224
1,137,596
Additions
-
0
19,773
19,773
Disposals
-
0
(16,950)
(16,950)
At 31 March 2026
263,372
877,047
1,140,419
Depreciation and impairment
At 1 April 2025
206,869
681,150
888,019
Depreciation charged in the year
19,070
47,915
66,985
Eliminated in respect of disposals
-
0
(11,587)
(11,587)
At 31 March 2026
225,939
717,478
943,417
Carrying amount
At 31 March 2026
37,433
159,569
197,002
At 31 March 2025
56,503
193,074
249,577
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
67,401
44,790
Other debtors
84,227
77,957
151,628
122,747
6
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
93,555
129,237
Corporation tax
220,620
125,018
Other taxation and social security
158,476
127,232
Other creditors
16,166
16,551
488,817
398,038
7
Related party transactions

At the balance sheet date the company owed £10,47 7 (2025: £10,480) to the directors.

No interest was charged on this loan and there were no terms for repayment.

HARRIET KELSALL JEWELLERY DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 8 -
8
Controlling party

The company was controlled throughout the period by the directors.

2026-03-31 2025-04-01 false false false 23 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity H Kelsall T Alban R Reeve-Crook Mr T Alban 04523060 2025-04-01 2026-03-31 04523060 2026-03-31 04523060 2025-03-31 04523060 core:IntangibleAssetsOtherThanGoodwill 2026-03-31 04523060 core:IntangibleAssetsOtherThanGoodwill 2025-03-31 04523060 core:LandBuildings 2026-03-31 04523060 core:OtherPropertyPlantEquipment 2026-03-31 04523060 core:LandBuildings 2025-03-31 04523060 core:OtherPropertyPlantEquipment 2025-03-31 04523060 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 04523060 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 04523060 core:CurrentFinancialInstruments 2026-03-31 04523060 core:CurrentFinancialInstruments 2025-03-31 04523060 core:ShareCapital 2026-03-31 04523060 core:ShareCapital 2025-03-31 04523060 core:RetainedEarningsAccumulatedLosses 2026-03-31 04523060 core:RetainedEarningsAccumulatedLosses 2025-03-31 04523060 bus:Director1 2025-04-01 2026-03-31 04523060 core:IntangibleAssetsOtherThanGoodwill 2025-04-01 2026-03-31 04523060 core:ComputerSoftware 2025-04-01 2026-03-31 04523060 core:LandBuildings core:LongLeaseholdAssets 2025-04-01 2026-03-31 04523060 core:PlantMachinery 2025-04-01 2026-03-31 04523060 core:FurnitureFittings 2025-04-01 2026-03-31 04523060 core:MotorVehicles 2025-04-01 2026-03-31 04523060 2024-04-01 2025-03-31 04523060 core:IntangibleAssetsOtherThanGoodwill 2025-03-31 04523060 core:LandBuildings 2025-03-31 04523060 core:OtherPropertyPlantEquipment 2025-03-31 04523060 2025-03-31 04523060 core:LandBuildings 2025-04-01 2026-03-31 04523060 core:OtherPropertyPlantEquipment 2025-04-01 2026-03-31 04523060 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 04523060 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 04523060 bus:FRS102 2025-04-01 2026-03-31 04523060 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 04523060 bus:Director2 2025-04-01 2026-03-31 04523060 bus:Director3 2025-04-01 2026-03-31 04523060 bus:CompanySecretary1 2025-04-01 2026-03-31 04523060 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP