Company Registration No. 05758724 (England and Wales)
Ortons Jewellery Limited
Unaudited accounts
for the year ended 31 March 2023
Ortons Jewellery Limited
Unaudited accounts
Contents
Ortons Jewellery Limited
Company Information
for the year ended 31 March 2023
Directors
Lee Orton
Hannah Orton
Company Number
05758724 (England and Wales)
Registered Office
6-7 Market Street
Bradford on Avon
Wiltshire
BA15 1LH
Accountants
Melanie Harrison Bookkeeping and Accountancy Services
6 Shakespeare Drive
Marlborough
Wiltshire
SN8 1UF
Ortons Jewellery Limited
Statement of financial position
as at 31 March 2023
Intangible assets
20,000
20,000
Tangible assets
53,782
16,115
Inventories
147,514
141,640
Cash at bank and in hand
291,329
252,233
Creditors: amounts falling due within one year
(169,346)
(95,817)
Net current assets
279,378
302,507
Net assets
353,160
338,622
Called up share capital
1,000
1,000
Profit and loss account
352,160
337,622
Shareholders' funds
353,160
338,622
For the year ending 31 March 2023 the company was entitled to exemption from audit 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.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2023 and were signed on its behalf by
Lee Orton
Director
Company Registration No. 05758724
Ortons Jewellery Limited
Notes to the Accounts
for the year ended 31 March 2023
Ortons Jewellery Limited is a private company, limited by shares, registered in England and Wales, registration number 05758724. The registered office is 6-7 Market Street, Bradford on Avon, Wiltshire, BA15 1LH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
4% Reducing Balance
Plant & machinery
25% Reducing Balance
Computer equipment
33% Straight ine
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Ortons Jewellery Limited
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
5,975
51,150
-
1,185
58,310
Additions
-
2,780
47,960
-
50,740
At 31 March 2023
5,975
53,930
47,960
1,185
109,050
At 1 April 2022
2,184
38,826
-
1,185
42,195
Charge for the year
152
3,329
9,592
-
13,073
At 31 March 2023
2,336
42,155
9,592
1,185
55,268
At 31 March 2023
3,639
11,775
38,368
-
53,782
At 31 March 2022
3,791
12,324
-
-
16,115
Amounts falling due within one year
Accrued income and prepayments
4,963
3,203
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
21,978
29,466
Obligations under finance leases and hire purchase contracts
40,948
-
Trade creditors
58,941
20,104
Taxes and social security
26,412
33,506
Loans from directors
(515)
(160)
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Average number of employees
During the year the average number of employees was 4 (2022: 4).