J.f. Colley (Goldsmiths) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC411478 (Scotland)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

J.f. Colley (Goldsmiths) Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

81,366

84,539

81,366

84,539

CURRENT ASSETS

Stocks

15,976

Cash at bank

201,936

203,460

217,912

219,436

CREDITORS

Amounts falling due within one year

6

(78,499

)

(92,931

)

NET CURRENT ASSETS

139,413

126,505

TOTAL ASSETS LESS CURRENT
LIABILITIES

220,779

211,044

CREDITORS

Amounts falling due after more than one
year

7

-

(6,160

)

PROVISIONS FOR LIABILITIES

-

(1,048

)

NET ASSETS

220,779

203,836

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

220,777

203,834

SHAREHOLDERS' FUNDS

220,779

203,836

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2026 and were signed on its behalf by:

Mr G Colley - Director

Mr S Colley - Director

1.	STATUTORY INFORMATION

J.F Colley (Goldsmiths) Limited is a private company, limited by shares, domiciled in Scotland, registration number SC411478. The registered office is 112 Hiogh Street, Falkirk, Stirlingshire, FK1 1NW.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services in respect of sale and repair of retail jewellery, excluding value added tax. Sales are recognised at the point at which the goods are transferred and the service is complete.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, has been fully amortised..

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost and 25% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2024

and 30 November 2025

21,000

AMORTISATION

At 1 December 2024

and 30 November 2025

21,000

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 December 2024

95,000

31,900

126,900

Additions

-

274

At 30 November 2025

95,000

32,174

127,174

DEPRECIATION

At 1 December 2024

14,908

27,453

42,361

Charge for year

1,900

1,547

3,447

At 30 November 2025

16,808

29,000

45,808

NET BOOK VALUE

At 30 November 2025

78,192

3,174

81,366

At 30 November 2024

80,092

4,447

84,539

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

Bank loans and overdrafts

6,160

10,354

Trade creditors

6,758

9,147

Taxation and social security

39,911

38,358

Other creditors

25,670

35,072

78,499

92,931

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.11.25

30.11.24

£

Bank loans

-

6,160