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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 |
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ATTENBOROUGH JEWELLERS LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 |
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FOR |
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ATTENBOROUGH JEWELLERS LIMITED |
ATTENBOROUGH JEWELLERS LIMITED (REGISTERED NUMBER: 00363452) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 30 September 2020 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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ATTENBOROUGH JEWELLERS LIMITED |
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COMPANY INFORMATION |
for the Year Ended 30 September 2020 |
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DIRECTORS: |
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SECRETARIES: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Sandall House |
230 High Street |
Herne Bay |
Kent |
CT6 5AX |
ATTENBOROUGH JEWELLERS LIMITED (REGISTERED NUMBER: 00363452) |
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STATEMENT OF FINANCIAL POSITION |
30 September 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
( |
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( |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Revaluation reserve | 8 |
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Retained earnings | 8 |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their 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. |
ATTENBOROUGH JEWELLERS LIMITED (REGISTERED NUMBER: 00363452) |
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STATEMENT OF FINANCIAL POSITION - continued |
30 September 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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ATTENBOROUGH JEWELLERS LIMITED (REGISTERED NUMBER: 00363452) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 30 September 2020 |
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1. | STATUTORY INFORMATION |
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Attenborough Jewellers Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Freehold property | - |
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Improvements to property | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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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. |
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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. |
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No deferred tax is recognised in respect of the revaluation adjustments on fixed assets measured at revalued amounts. |
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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. |
ATTENBOROUGH JEWELLERS LIMITED (REGISTERED NUMBER: 00363452) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 September 2020 |
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2. | ACCOUNTING POLICIES - continued |
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Pledge interest |
Pledge interest is recognised on an accruals basis. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Improvements |
Freehold | to | Plant and |
property | property | machinery |
£ | £ | £ |
COST OR VALUATION |
At 1 October 2019 |
and 30 September 2020 |
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DEPRECIATION |
At 1 October 2019 |
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Charge for year |
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At 30 September 2020 |
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NET BOOK VALUE |
At 30 September 2020 |
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At 30 September 2019 |
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Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST OR VALUATION |
At 1 October 2019 |
and 30 September 2020 |
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DEPRECIATION |
At 1 October 2019 |
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Charge for year |
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At 30 September 2020 |
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NET BOOK VALUE |
At 30 September 2020 |
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At 30 September 2019 |
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ATTENBOROUGH JEWELLERS LIMITED (REGISTERED NUMBER: 00363452) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 September 2020 |
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4. | TANGIBLE FIXED ASSETS - continued |
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Cost or valuation at 30 September 2020 is represented by: |
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Improvements |
Freehold | to | Plant and |
property | property | machinery |
£ | £ | £ |
Valuation in 2003 | 91,968 | - | - |
Valuation in 2007 | 375,000 | - | - |
Valuation in 2017 | 650,000 | - | - |
Cost | 433,032 | 103,729 | 9,148 |
1,550,000 | 103,729 | 9,148 |
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Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
Valuation in 2003 | - | - | - | 91,968 |
Valuation in 2007 | - | - | - | 375,000 |
Valuation in 2017 | - | - | - | 650,000 |
Cost | 70,620 | 50,000 | 111,883 | 778,412 |
70,620 | 50,000 | 111,883 | 1,895,380 |
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If the freehold property had not been revalued it would have been included at the following historical cost: |
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2020 | 2019 |
£ | £ |
Cost | 433,032 | 433,032 |
Aggregate depreciation | 208,000 | 182,000 |
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Value of land in freehold land and buildings | 250,000 | 250,000 |
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The freehold property was valued on an open market basis on 9 June 2017 by Mann Smith Chartered Surveyors . |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade debtors |
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Other debtors |
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ATTENBOROUGH JEWELLERS LIMITED (REGISTERED NUMBER: 00363452) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 September 2020 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Bank loans and overdrafts |
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Hire purchase contracts |
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Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2020 | 2019 |
£ | £ |
Hire purchase contracts |
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Other creditors |
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8. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
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At 1 October 2019 |
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1,432,867 |
Profit for the year |
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Dividends | ( |
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At 30 September 2020 |
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1,454,391 |
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9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 30 September 2020 and 30 September 2019: |
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2020 | 2019 |
£ | £ |
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Balance outstanding at start of year |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Balance outstanding at start of year |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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ATTENBOROUGH JEWELLERS LIMITED (REGISTERED NUMBER: 00363452) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 September 2020 |
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9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued |
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The loans are provided on a commercial basis at 6% annual interest and are repayable on demand. |