JILLIAN'S JEWELLERY LTD - Accounts

JILLIAN'S JEWELLERY LTD - Company Information

JILLIAN'S JEWELLERY LTD SC431276 Retail sale via mail order houses or via Internet false 1 September 2020 SC431276 2020-09-01 2021-08-31 SC431276 2020-08-31 SC431276 2021-08-31 SC431276 2019-09-01 2020-08-31 SC431276 2019-08-31 SC431276 2020-08-31 SC431276 frs102-bus:FRS102 2020-09-01 2021-08-31 SC431276 frs102-bus:PrivateLimitedCompanyLtd 2020-09-01 2021-08-31 SC431276 frs102-bus:FullAccounts 2020-09-01 2021-08-31 SC431276 frs102-bus:AuditExemptWithAccountantsReport 2020-09-01 2021-08-31 SC431276 frs102-core:CurrentFinancialInstruments 2021-08-31 SC431276 frs102-core:CurrentFinancialInstruments 2020-08-31 SC431276 frs102-core:ShareCapital 2021-08-31 SC431276 frs102-core:ShareCapital 2020-08-31 SC431276 frs102-core:RetainedEarningsAccumulatedLosses 2021-08-31 SC431276 frs102-core:RetainedEarningsAccumulatedLosses 2020-08-31 SC431276 frs102-bus:Director1 2020-09-01 2021-08-31 SC431276 frs102-core:LandBuildings 2020-09-01 2021-08-31 SC431276 frs102-core:LandBuildings 2021-08-31 SC431276 frs102-core:LandBuildings 2020-08-31 SC431276 frs102-bus:OrdinaryShareClass1 2021-08-31 SC431276 frs102-bus:OrdinaryShareClass1 2020-08-31 SC431276 frs102-bus:OrdinaryShareClass1 2020-09-01 2021-08-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares

	Registered number
	SC431276

	JILLIAN'S JEWELLERY LTD
	Unaudited Accounts
	for the year ended
	31 August 2021

JILLIAN'S JEWELLERY LTD Balance Sheet as at 31 August 2021
	Notes		2021 £		2020 £
Fixed assets
Tangible assets	3		62,400		0
			62,400		0

Current assets
Stocks		300		300
Debtors	4	1,285		25,854
Cash at bank and in hand		23,512		28,079
		25,097		54,233

Creditors: amounts falling due within one year	5	(12,852)		(14,434)

Net current assets / (liabilities)			12,245		39,799

Total assets less current liabilities			74,645		39,799

Provisions for liabilities			(0)		(0)

Total net assets (liabilities)			74,645		39,799

Capital and reserves
Called up share capital	6		1,000		1,000
Profit and loss account			73,645		38,799
Shareholders' funds			74,645		39,799

These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 August 2021 the company was entitled to exemption 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.

Signed on behalf of the board of directors

...............................

Dr J Thom

Director

Approved by the board on 11 February 2022

Company Number: SC431276 (a Private Company Limited by Shares registered in Scotland)

Registered Office:

C/O Premier Accounting
15 TOWNHEAD
KIRKINTILLOCH
Glasgow
G66 1NG
Scotland

1.	Accounting policies
	Basis of preparation of financial statements These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.

	Going concern basis
	The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.

	Revenue recognition
	Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

	Tangible fixed assets depreciation policy
	Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.

	Stocks
	Stocks are valued at the lower of cost and net realisable value after taking into account costs of completion and sale. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. The amount of any write-down to net realisable value, and all losses of stock, are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down is recognised as a reduction in the amount of stock expensed in the period in which the reversal occurs.

Stocks

Stocks are valued at the lower of cost and net realisable value after taking into account costs of completion and sale. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. The amount of any write-down to net realisable value, and all losses of stock, are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down is recognised as a reduction in the amount of stock expensed in the period in which the reversal occurs.

Employees
	2021	2020
Average number of employees during the period	1	1

Tangible fixed assets
	Land & buildings	Total
Cost or valuation	£	£
Additions	62,400	62,400
At 31 August 2021	62,400	62,400
Depreciation
At 31 August 2021	0	0
Net book value
At 31 August 2021	62,400	62,400
At 31 August 2020	0	0

Debtors
	2021	2020
	£	£
Trade debtors	0	25,178
Other debtors	1,285	676
	1,285	25,854

Creditors: amounts falling due within one year
	2021	2020
	£	£
Trade creditors	356	301
Taxation & social security	11,434	13,325
Other creditors	1,062	808
	12,852	14,434

Share capital
	2021	2020
	£	£
Allotted, called up and fully paid:
1,000 (2020: 1,000) Ordinary shares of £1.00 each	1,000	1,000

	1,000	1,000

7.	Related party disclosures
	During the period of accounts a transaction occurred between this company and a related party, Dr. Jillian Thom. The relationship between the parties is Director. At the balance sheet date the company owed the related party £515 (2020 - £808).
	Controlling party Dr. Jillian Thom is ultimate controlling party