Tulip Jewellery Limited

Tulip Jewellery Limited
Statement of Financial Position
As at 31 March 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	679	849
		679	849
Current assets
Stocks	4	9,641	12,926
Debtors	5	2,618	2,563
Cash at bank and in hand		8,257	13,080
		20,516	28,569
Creditors: amount falling due within one year	6	(18,775)	(19,214)
Net current assets		1,741	9,355

Total assets less current liabilities		2,420	10,204
Provisions for liabilities	7	(116)	(146)
Net assets		2,304	10,058

Capital and reserves
Called up share capital		100	100
Profit and loss account		2,204	9,958
Shareholders' funds		2,304	10,058

For the 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

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 to the Registrar of Companies.

The financial statements were approved by the director on 15 September 2026 and were signed by:

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Shelley Walker
Director

Tulip Jewellery Limited
Notes to the Financial Statements
For the year ended 31 March 2026

General Information

Tulip Jewellery Limited is a private company, limited by shares, registered in England and Wales, registration number 13391500, registration address 65 Peach Street, Wokingham, Berkshire, United Kingdom, RG40 1XP.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102.1A The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

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, excluding discounts, rebates, value added tax and other sales taxes.

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 year to which they relate.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

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

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.

Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

20% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 0 (2025 : 0).

Tangible fixed assets

Cost or valuation	Computer Equipment	Total
	£	£
At 01 April 2025	1,990	1,990
Additions	-	-
Disposals	-	-
At 31 March 2026	1,990	1,990
Depreciation
At 01 April 2025	1,141	1,141
Charge for year	170	170
On disposals	-	-
At 31 March 2026	1,311	1,311
Net book values
Closing balance as at 31 March 2026	679	679
Opening balance as at 01 April 2025	849	849

Stocks

	2026 £		2025 £
Stocks	9,641		12,926
	9,641		12,926

Debtors: amounts falling due within one year

	2026 £	2025 £
Prepayments & Accrued Income	773	562
Other Debtors	570	2,001
Taxation recoverable	1,275	-
	2,618	2,563

Creditors: amount falling due within one year

	2026 £	2025 £
Trade Creditors	1,746	1,759
Social Security and Other Taxes	476	1,714
Directors' Current Accounts	16,553	15,741
	18,775	19,214

Provisions for liabilities

	2026 £		2025 £
Deferred Tax	116		146
	116		146