Hanson Jewellers Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10339183 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Hanson Jewellers Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S Hanson

REGISTERED OFFICE:

Suite 1

The Riverside Building

Livingstone Road

Hessle

East Yorkshire

HU13 4DZ

REGISTERED NUMBER:

10339183 (England and Wales)

ACCOUNTANTS:

Harris Lacey and Swain

Suite 1

The Riverside Building

Hessle

East Yorkshire

HU13 0DZ

FIXED ASSETS

Tangible assets

4

8,094

6,439

CURRENT ASSETS

Stocks

38,499

40,200

Debtors

2,125

-

Cash at bank and in hand

25,871

17,556

66,495

57,756

CREDITORS

Amounts falling due within one year

25,119

49,861

NET CURRENT ASSETS

41,376

7,895

TOTAL ASSETS LESS CURRENT LIABILITIES

49,470

14,334

CREDITORS

Amounts falling due after more than one year

(29,000

)

(5,553

)

PROVISIONS FOR LIABILITIES

(1,538

)

(1,223

)

NET ASSETS

18,932

7,558

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

18,832

7,458

18,932

7,558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 3 August 2021 and were signed by:

Mr S Hanson - Director

1.	STATUTORY INFORMATION

Hanson Jewellers 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.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2020

18,947

Additions

6,406

At 31 March 2021

25,353

DEPRECIATION

At 1 April 2020

12,508

Charge for year

4,751

At 31 March 2021

17,259

NET BOOK VALUE

At 31 March 2021

8,094

At 31 March 2020

6,439

5.	ULTIMATE CONTROLLING PARTY

In the opinion of the director, the ultimate controlling party is Mr S Hanson.