Andrew_Smith_Jewellers_Ltd_30_Jun_2026_companies_house_set_of

Andrew Smith Jewellers Ltd

Statement of Financial Position

30 June 2026

		2026		2025
	Note	£		£
Fixed assets
Tangible assets	5	685,558		683,949
Current assets
Stocks		544,620		511,151
Debtors	6	201,182		2,446
Cash at bank and in hand		62,328		122,003
		808,130		635,600
Creditors: amounts falling due within one year	7	(559,151	)	(546,791	)
Net current assets		248,979		88,809
Total assets less current liabilities		934,537		772,758
Provisions for liabilities		(3,162	)	(2,760	)
Net assets		931,375		769,998
Capital and reserves
Called up share capital		5,100		5,100
Profit and loss account		926,275		764,898
Shareholders funds		931,375		769,998

For the year ending

30 June 2026

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The 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 Act 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.

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

These

financial statements

were approved by the board of directors and authorised for issue on

6 October 2026

, and are signed on behalf of the board by:

Mr Andrew Smith

Director

Company registration number:

10248833

Andrew Smith Jewellers Ltd

Notes to the Financial Statements

Year ended

30 June 2026

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

89 High Street

West Malling

Kent

ME19 6NA

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Turnover for Andrew Smith Jewelers Ltd is in the form of jewellery sales.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Office equipment	25% Reducing Balance
Fixtures and fittings	25% Reducing Balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. Stock for Andrew Smith Jewellers Ltd is in the form of jewellery which is held for resale.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was

(2025:

5 Tangible assets

	Land and buildings	Plant and machinery etc.	Total
	£	£	£
Cost
At 1 July 2025	672,910	18,676	691,586
Additions	-	5,428	5,428
At 30 June 2026	672,910	24,104	697,014
Depreciation
At 1 July 2025	-	7,637	7,637
Charge	-	3,819	3,819
At 30 June 2026	-	11,456	11,456
Carrying amount
At 30 June 2026	672,910	12,648	685,558
At 30 June 2025	672,910	11,039	683,949

Tangible assets held at valuation

In respect of tangible assets held at valuation, the comparable amounts that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Land and buildings	Land and buildings
	2026	2025
	£	£
Aggregate historical cost	672,910	672,910
Carrying amount	672,910	672,910

6 Debtors

	2026	2025
	£	£
Trade debtors	1,182	2,446
Amounts owed by group undertakings and undertakings in which the company has a participating interest	200,000	-
	201,182	2,446

7 Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	6,168	5,875
Taxation and social security	74,600	52,387
Other creditors	478,383	488,529
	559,151	546,791

8 Share capital

During the period, the company had ordinary share capital (£1 per share) of £102 Allotted, called up and fully paid. During the period, the company had A ordinary share capital (£1 per share) of £2,499 Allotted, called up and fully paid. During the period, the company had B ordinary share capital (£1 per share) of £2,499 Allotted, called up and fully paid.

(2025: the company had ordinary share capital (£1 per share) of £102 Allotted, called up and fully paid. The company also had A ordinary share capital (£1 per share) of £2,499 Allotted, called up and fully paid. During the period, the company had B ordinary share capital (£1 per share) of £2,499 Allotted, called up and fully paid.