Jewellery Validation Service Limited - Accounts to registrar (filleted) - small 18.2

Jewellery Validation Service Limited - Accounts to registrar (filleted) - small 18.2

JEWELLERY VALIDATION SERVICE LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v19.2.0.596 06609002 director 1.1.18 31.12.18 31.12.18 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure066090022017-12-31066090022018-12-31066090022018-01-012018-12-31066090022016-12-31066090022017-01-012017-12-31066090022017-12-3106609002ns15:EnglandWales2018-01-012018-12-3106609002ns14:PoundSterling2018-01-012018-12-3106609002ns10:Director12018-01-012018-12-3106609002ns10:PrivateLimitedCompanyLtd2018-01-012018-12-3106609002ns10:SmallEntities2018-01-012018-12-3106609002ns10:AuditExemptWithAccountantsReport2018-01-012018-12-3106609002ns10:SmallCompaniesRegimeForDirectorsReport2018-01-012018-12-3106609002ns10:SmallCompaniesRegimeForAccounts2018-01-012018-12-3106609002ns10:FullAccounts2018-01-012018-12-310660900212018-01-012018-12-3106609002ns10:CompanySecretary12018-01-012018-12-3106609002ns10:RegisteredOffice2018-01-012018-12-3106609002ns5:CurrentFinancialInstruments2018-12-3106609002ns5:CurrentFinancialInstruments2017-12-3106609002ns5:ShareCapital2018-12-3106609002ns5:ShareCapital2017-12-3106609002ns5:RetainedEarningsAccumulatedLosses2018-12-3106609002ns5:RetainedEarningsAccumulatedLosses2017-12-3106609002ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2018-01-012018-12-3106609002ns5:IntangibleAssetsOtherThanGoodwill2017-12-3106609002ns5:IntangibleAssetsOtherThanGoodwill2018-01-012018-12-3106609002ns5:IntangibleAssetsOtherThanGoodwill2018-12-3106609002ns5:IntangibleAssetsOtherThanGoodwill2017-12-3106609002ns5:PlantMachinery2018-01-012018-12-3106609002ns5:PlantMachinery2018-12-3106609002ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-12-3106609002ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-12-31


REGISTERED NUMBER: 06609002 (England and Wales)















Financial Statements for the Year Ended 31 December 2018

for

Jewellery Validation Service Limited
Jewellery Validation Service Limited (Registered number: 06609002)






Contents of the Financial Statements
for the Year Ended 31 December 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

Jewellery Validation Service Limited

Company Information
for the Year Ended 31 December 2018







DIRECTOR: T E Belson





SECRETARY:





REGISTERED OFFICE: c/o Westell Accountants
3 Bradfield Court Drayton Mill
Milton Road Drayton
Abingdon
Oxfordshire
OX14 4EF





REGISTERED NUMBER: 06609002 (England and Wales)





ACCOUNTANTS: Westell Accountants
3 Bradfield Court
Drayton Mill, Milton Road
Drayton
Abingdon
Oxfordshire
OX14 4EF
1
Jewellery Validation Service Limited (Registered number: 06609002)

Balance Sheet
31 December 2018

31.12.18 31.12.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 150,000 50,000
Tangible assets 5 649 -
150,649 50,000

CURRENT ASSETS
Stocks - 7,500
Debtors 6 47,004 118,469
Cash at bank and in hand 60,842 17,629
107,846 143,598
CREDITORS
Amounts falling due within one year 7 184,866 135,126
NET CURRENT (LIABILITIES)/ASSETS (77,020 ) 8,472
TOTAL ASSETS LESS CURRENT
LIABILITIES
73,629
58,472

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 73,529 58,372
SHAREHOLDERS' FUNDS 73,629 58,472

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director on 30 September 2019 and were signed by:




T E Belson - Director


The notes form part of these financial statements

2
Jewellery Validation Service Limited (Registered number: 06609002)

Notes to the Financial Statements
for the Year Ended 31 December 2018

1. STATUTORY INFORMATION

Jewellery Validation Service Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company Information page.

2. 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.

Intangible assets
The company has developed its own software tool for claims on line and has capitalised wage costs relating to
the ongoing development of said product.

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

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 Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2017 - 9 ) .

3 continued...
Jewellery Validation Service Limited (Registered number: 06609002)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2018 50,000
Additions 100,000
At 31 December 2018 150,000
NET BOOK VALUE
At 31 December 2018 150,000
At 31 December 2017 50,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 778
At 31 December 2018 778
DEPRECIATION
Charge for year 129
At 31 December 2018 129
NET BOOK VALUE
At 31 December 2018 649

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.18 31.12.17
£    £   
Trade debtors 715 8,041
Other debtors 46,289 110,428
47,004 118,469

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.18 31.12.17
£    £   
Trade creditors 20,940 1,100
Taxation and social security 8,834 6,281
Other creditors 155,092 127,745
184,866 135,126

4
Jewellery Validation Service Limited

Report of the Accountants to the Director of
Jewellery Validation Service Limited

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2018 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Westell Accountants
3 Bradfield Court
Drayton Mill, Milton Road
Drayton
Abingdon
Oxfordshire
OX14 4EF


Date: .............................................

This page does not form part of the statutory financial statements

5