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Registered number: 13273306
Nettletons Jewellers Ltd
Financial Statements
For The Year Ended 31 March 2026
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13273306
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 5,760 7,200
Tangible Assets 4 5,725 7,633
11,485 14,833
CURRENT ASSETS
Stocks 5 402,325 426,325
Debtors 6 14,837 14,738
Cash at bank and in hand 1,165,608 935,128
1,582,770 1,376,191
Creditors: Amounts Falling Due Within One Year 7 (479,161 ) (513,264 )
NET CURRENT ASSETS (LIABILITIES) 1,103,609 862,927
TOTAL ASSETS LESS CURRENT LIABILITIES 1,115,094 877,760
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,000 ) (3,000 )
NET ASSETS 1,112,094 874,760
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 1,111,994 874,660
SHAREHOLDERS' FUNDS 1,112,094 874,760
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Page 2
For the year ending 31 March 2026 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M Nettleton
Director
Mr J Cunningham
Director
14 October 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
Turnover represents the fair value of consideration receivable from the sale of jewellery, watches and related products to customers, net of discounts, returns and Value Added Tax.
Revenue is recognised when control of the goods passes to the customer, which is normally at the point of sale in-store or on delivery where goods are sold online. Revenue from repair services is recognised when the repair work has been completed and the customer has accepted the completed work.
1.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets is goodwill. It is amortised to the profit and loss account over its estimated economic life of 5 years.
1.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Reducing Balance
1.5. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value).
Cost is determined on an appropriate basis and includes the purchase price together with directly attributable costs incurred in bringing the stock to its present location and condition.
Provision is made where necessary for obsolete, slow-moving or damaged stock.
1.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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1.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 8 (2025: 8)
8 8
3. Intangible Assets
Other
£
Cost
As at 1 April 2025 36,000
As at 31 March 2026 36,000
Amortisation
As at 1 April 2025 28,800
Provided during the period 1,440
As at 31 March 2026 30,240
Net Book Value
As at 31 March 2026 5,760
As at 1 April 2025 7,200
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2025 21,699
As at 31 March 2026 21,699
Depreciation
As at 1 April 2025 14,066
Provided during the period 1,908
As at 31 March 2026 15,974
...CONTINUED
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Net Book Value
As at 31 March 2026 5,725
As at 1 April 2025 7,633
5. Stocks
2026 2025
£ £
Stock 402,325 426,325
6. Debtors
2026 2025
£ £
Due within one year
Other debtors 14,837 14,738
14,837 14,738
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 539 -
Other creditors 329,023 402,613
Taxation and social security 149,599 110,651
479,161 513,264
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
Land and buildings
2026 2025
£ £
Within 1 year 23,850 23,850
23,850 23,850
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10. General Information
Nettletons Jewellers Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13273306 . The registered office is C/O Seftons, 135-143 Union Street, Oldham, Lancashire, OL1 1TE.
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