Equinox Contemporary Jewellery Limited - Accounts

Equinox Contemporary Jewellery Limited - Accounts

EQUINOX CONTEMPORARY JEWELLERY LIMITED - Company Information

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Registered Number: 07653964


 

 

 

EQUINOX CONTEMPORARY JEWELLERY LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 July 2021

End date: 30 June 2022

Equinox Contemporary Jewellery Limited
Contents Page
For the year ended 30 June 2022
Accountant’s report
You consider that the company is exempt from an audit for the year ended 30 June 2022 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Beagle Accounting Limited
30 June 2022



....................................................
Beagle Accounting Limited
23a High Street
Welford
Northants
NN6 6HT
26 August 2022
1
 
 		 Notes
 		 2022
£		   2021
£
Fixed assets      
Tangible fixed assets 26,841    31,997 
26,841    31,997 
Current assets      
Stocks 1,792    1,942 
Debtors 5,374    8,571 
Cash at bank and in hand 3,735    661 
10,901    11,174 
Creditors: amount falling due within one year (33,426)   (42,555)
Net current liabilities (22,525)   (31,381)
 
Total assets less current liabilities 4,316    616 
Net assets 4,316    616 
 

Capital and reserves 		     
Called up share capital 2    2 
Profit and loss account 4,314    614 
Shareholder's funds 4,316    616 
 


For the year ended 30 June 2022 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their 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 and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 26 August 2022 and were signed by:


--------------------------------
Anna Cockram
Director
2
General Information
Equinox Contemporary Jewellery Limited is a private company, limited by shares, registered in , registration number 07653964, registration address 22 Tavistock Road, Fleet, Hampshire, GU51 4EH

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 7 years.
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:
Land and Buildings 15 Straight Line
Plant and Machinery 25 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.
2.

Average number of employees

Average number of employees during the year was 1 (2021 : 1).
3.

Intangible fixed assets

Cost Other   Total
  £   £
At 01 July 2021 31,451    31,451 
Additions -    - 
Disposals -    - 
At 30 June 2022 31,451    31,451 
Amortisation
At 01 July 2021 31,451    31,451 
Charge for year -    - 
On disposals -    - 
At 30 June 2022 31,451    31,451 
Net book values
At 30 June 2022 -    - 
At 30 June 2021 -    - 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Land and Buildings   Total
  £   £   £
At 01 July 2021 3,500    34,121    37,621 
Additions -    -    - 
Disposals -    -    - 
At 30 June 2022 3,500    34,121    37,621 
Depreciation
At 01 July 2021 3,349    2,275    5,624 
Charge for year 38    5,118    5,156 
On disposals -    -    - 
At 30 June 2022 3,387    7,393    10,780 
Net book values
Closing balance as at 30 June 2022 113    26,728    26,841 
Opening balance as at 01 July 2021 151    31,846    31,997 


5.

Share Capital

Allotted, called up and fully paid
2022
£		   2021
£
2 Class A shares of £1.00 each 2    2 
2    2 

3