L.M. JEWELLERY LIMITED

1. L.M. JEWELLERY LIMITED 1997-09-08 → present
2. CIRCLELITE LIMITED 1997-08-04 → 1997-09-08

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Herath Associates Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “Any decline in consumer spending in the UK could have a material adverse impact or the company's business. Adverse macro economic changes and currency fluctuations could also have a negative impact on the business. The company makes an element of its sales and purchases in foreign currencies.”
• “Continuing Brexit uncertainty may also have an adverse impact on the UK economy; however, the company's main suppliers are situated outside the European Union and sales are predominantly to UK customers so this risk is mitigated.”
• “Credit risk predominantly arises from trade receivables. Although external credit ratings are not obtained for customers, the company's policy is to assess the credit quality of each customer internally before accepting any terms of trade.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -19.6%

  £18,467,871 → £14,842,950

• Cash

  -67.4%

  £8,095,345 → £2,640,247

• Net assets

  +19.4%

  £11,124,665 → £13,282,356

  highest in 4 filed years

• Employees

  -27.3%

  11 → 8

• Operating profit

  -51.2%

  £4,221,706 → £2,061,370

• Profit before tax

  -30.7%

  £4,122,383 → £2,855,938

• Wages

  -26%

  £506,018 → £374,661

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers