The Warminster Jeweller Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 06308650 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

THE WARMINSTER JEWELLER LTD

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr N Johnston

Miss K Murphy

SECRETARY:

Miss K Murphy

REGISTERED OFFICE:

Unit B2, Birdineye Farm

Birdineye Hill

Uckfield

East Sussex

TN22 5HA

REGISTERED NUMBER:

06308650 (England and Wales)

ACCOUNTANTS:

Perspective Accounting Limited

Unit B2, Birdineye Farm

Birdineye Hill

Uckfield

East Sussex

TN22 5HA

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Warminster Jeweller Ltd for the year ended 30 September 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Warminster Jeweller Ltd, as a body, in accordance with the terms of our engagement letter dated 30 November 2018. Our work has been undertaken solely to prepare for your approval the financial statements of The Warminster Jeweller Ltd and state those matters that we have agreed to state to the Board of Directors of The Warminster Jeweller Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Warminster Jeweller Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Warminster Jeweller Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Warminster Jeweller Ltd. You consider that The Warminster Jeweller Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Warminster Jeweller Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Perspective Accounting Limited

Unit B2, Birdineye Farm

Birdineye Hill

Uckfield

East Sussex

TN22 5HA

26 November 2025

FIXED ASSETS

Intangible assets

3

-

Tangible assets

4

7,227

6,619

7,227

6,619

CURRENT ASSETS

Stocks

387,988

341,850

Debtors

5

1,975

-

Prepayments and accrued income

16,770

18,647

Cash at bank and in hand

103,570

220,529

510,303

581,026

CREDITORS

Amounts falling due within one year

6

50,397

117,933

NET CURRENT ASSETS

459,906

463,093

TOTAL ASSETS LESS CURRENT
LIABILITIES

467,133

469,712

PROVISIONS FOR LIABILITIES

1,807

1,406

NET ASSETS

465,326

468,306

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

465,226

468,206

SHAREHOLDERS' FUNDS

465,326

468,306

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2025 and were signed on its behalf by:

Mr N Johnston - Director

1.	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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of two years.

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

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

Land and buildings

-

10% on cost

Plant and machinery etc

-

25% on 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

2.	EMPLOYEES AND DIRECTORS

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

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

21,000

AMORTISATION

At 1 October 2024

and 30 September 2025

21,000

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 October 2024

4,448

61,775

66,223

Additions

-

3,509

Disposals

-

(2,511

)

(2,511

)

At 30 September 2025

4,448

62,773

67,221

DEPRECIATION

At 1 October 2024

4,448

55,156

59,604

Charge for year

-

2,409

Eliminated on disposal

-

(2,019

)

(2,019

)

At 30 September 2025

4,448

55,546

59,994

NET BOOK VALUE

At 30 September 2025

-

7,227

At 30 September 2024

-

6,619

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/25

30/9/24

as restated

£

Trade debtors

1,975

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/25

30/9/24

as restated

£

Trade creditors

2,416

4,818

Taxation and social security

25,064

42,970

Other creditors

22,917

70,145

50,397

117,933

7.	OTHER FINANCIAL COMMITMENTS

At the year end, the company had total commitments under operating leases expiring in under 5 years of £107,500 (2024 - £129.000 expiring between 5 and 10 years).

In addition to the above, the company also had total commitments under an additional operating lease expiring under 1 year of £986 (2024 - £12,823 expiring between 1-2 years).

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the company was provided with an interest free loan from the directors. The balance of this loan amounted to £13,537 (2024- £59,713) as at the balance sheet date. There are no principal terms attached and the loan is repayable on demand. During the year, the company was provided with a further loan of £72,400 and had repayments of £118,576.

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £75,400 (2024 - £175,400) were paid to the directors .

10.	PRIOR PERIOD ADJUSTMENT

The accounts have been restated to incorporate the impact of an error in the recording of stock levels as at 30 September 2024, which were shown to be overstated by £45,000 due to the timing of the disposal of the stock.

The change has resulted in profits available for distribution as 30 September 2024 being reduced by £33,075 after tax, as follows:

Summary of the prior year accounting impact:

Reduction in stock levels - (£45,000)

Reduction in tax liability - £11,925

Net prior period adjustment - (£33,075)