Company No: 04584896 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	7,448		0
Tangible assets	4	403,917		338,235
Investments	5	6,993		6,993
		418,358		345,228
Current assets
Stocks		2,279,882		1,250,000
Debtors	6	729,586		538,207
Cash at bank and in hand		944,385		1,319,395
		3,953,853		3,107,602
Creditors: amounts falling due within one year	7	( 861,124)		( 939,092)
Net current assets		3,092,729		2,168,510
Total assets less current liabilities		3,511,087		2,513,738
Creditors: amounts falling due after more than one year	8	( 1,119,832)		( 377,832)
Provision for liabilities		( 34,852)		( 47,739)
Net assets		2,356,403		2,088,167
Capital and reserves
Called-up share capital	9	100		100
Profit and loss account		2,356,303		2,088,067
Total shareholder's funds		2,356,403		2,088,167

For the financial year ending 28 February 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Body Jewellery Limited (registered number: 04584896) were approved and authorised for issue by the Board of Directors on 21 November 2025. They were signed on its behalf by:

N D Lyons Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Body Jewellery Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 19 Factory Road Upton, Poole, BH16 5SN, United Kingdom. The principal place of business is 19 Factory Road, Upton, Poole, Dorset, BH16 5SN.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Employee benefits

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

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line, reducing balance basis over its expected useful life, as follows:

Leasehold improvements	not depreciated
Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Office equipment	25 % reducing balance
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	35		35

3. Intangible assets

	Trademarks, patents and licences		Total
	£		£
Cost
At 01 March 2024	0		0
Additions	8,125		8,125
At 28 February 2025	8,125		8,125
Accumulated amortisation
At 01 March 2024	0		0
Charge for the financial year	677		677
At 28 February 2025	677		677
Net book value
At 28 February 2025	7,448		7,448
At 29 February 2024	0		0

4. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Computer equipment		Total
	£		£		£		£		£		£		£
Cost
At 01 March 2024	147,275		25,021		49,565		135,189		94,329		73,718		525,097
Additions	0		0		159,706		3,816		9,239		3,918		176,679
Disposals	0		( 1,067)		0		( 17,238)		( 12,698)		( 17,166)		( 48,169)
At 28 February 2025	147,275		23,954		209,271		121,767		90,870		60,470		653,607
Accumulated depreciation
At 01 March 2024	0		11,662		12,391		64,344		63,235		35,230		186,862
Charge for the financial year	0		3,266		42,248		16,229		7,614		18,586		87,943
Disposals	0		( 615)		0		( 7,156)		( 4,129)		( 13,215)		( 25,115)
At 28 February 2025	0		14,313		54,639		73,417		66,720		40,601		249,690
Net book value
At 28 February 2025	147,275		9,641		154,632		48,350		24,150		19,869		403,917
At 29 February 2024	147,275		13,359		37,174		70,845		31,094		38,488		338,235

5. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 March 2024	6,993		6,993
At 28 February 2025	6,993		6,993
Carrying value at 28 February 2025	6,993		6,993
Carrying value at 29 February 2024	6,993		6,993

6. Debtors

	2025		2024
	£		£
Trade debtors	104,106		48,506
Amounts owed by associates	168,148		0
Other debtors	457,332		489,701
	729,586		538,207

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	158,000		158,000
Trade creditors	199,236		214,112
Corporation tax	183,128		203,890
Other taxation and social security	233,467		253,017
Other creditors	87,293		110,073
	861,124		939,092

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	131,667		289,667
Amounts owed to Parent undertakings	988,165		88,165
	1,119,832		377,832

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
50 Ordinary A shares of £ 1.00 each	50		50
50 Ordinary B shares of £ 1.00 each	50		50
	100		100

10. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Directors' loan account	201,551		233,483

Interest has been charged at the HMRC rate of 2.25%

11. Ultimate controlling party

Parent Company:

BBJ Limited

19 Factory Road, Upton, Poole, Dorset. BH16 5SH