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REGISTERED NUMBER: 07375069 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2020 TO 29 SEPTEMBER 2021

FOR

RAMESH JEWELLERS LIMITED

RAMESH JEWELLERS LIMITED (REGISTERED NUMBER: 07375069)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2020 TO 29 SEPTEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAMESH JEWELLERS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 OCTOBER 2020 TO 29 SEPTEMBER 2021







DIRECTORS: Mr Ramesh Kumar
Mr Ravi Kumar
Mr Rajan Kumar





REGISTERED OFFICE: 7 St John's Road
Harrow
Middlesex
HA1 2EY





REGISTERED NUMBER: 07375069 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

RAMESH JEWELLERS LIMITED (REGISTERED NUMBER: 07375069)

BALANCE SHEET
29 SEPTEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,611 76,426

CURRENT ASSETS
Stocks 5 1,009,850 799,820
Debtors 6 4,904 104,826
Cash at bank 70,692 114,172
1,085,446 1,018,818
CREDITORS
Amounts falling due within one year 7 724,438 661,434
NET CURRENT ASSETS 361,008 357,384
TOTAL ASSETS LESS CURRENT
LIABILITIES

428,619

433,810

CREDITORS
Amounts falling due after more than one
year

8

(255,841

)

(281,265

)

PROVISIONS FOR LIABILITIES (4,933 ) (6,587 )
NET ASSETS 167,845 145,958

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 167,745 145,858
SHAREHOLDERS' FUNDS 167,845 145,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 September 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 September 2021 in accordance with Section 476 of the Companies Act 2006.

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.

RAMESH JEWELLERS LIMITED (REGISTERED NUMBER: 07375069)

BALANCE SHEET - continued
29 SEPTEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2022 and were signed on its behalf by:





Mr Ramesh Kumar - Director


RAMESH JEWELLERS LIMITED (REGISTERED NUMBER: 07375069)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2020 TO 29 SEPTEMBER 2021

1. STATUTORY INFORMATION

Ramesh 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Government grants
Amounts received as a grant under the Small Business Grant Fund (SBGF) are recognised as income based on the accruals model. During the year the company has recognised £62,412 as income in the profit and loss account.

The company has also recognised £760 as income in the profit and loss account which is business interruption payment received from bank towards the Bounce Back Loan.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets and liabilities are recognised in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument.

Loans and borrowings
Loans and borrowings are measured initially at fair value, net of transactions costs and are measured subsequently at amortized cost using the effective interest method.

Taxation
Taxation for the period 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.


RAMESH JEWELLERS LIMITED (REGISTERED NUMBER: 07375069)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2020 TO 29 SEPTEMBER 2021

2. ACCOUNTING POLICIES - continued
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 period 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 period was 5 (2020 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to fittings
property & Equipments Totals
£    £    £   
COST
At 1 October 2020
and 29 September 2021 41,167 195,934 237,101
DEPRECIATION
At 1 October 2020 - 160,675 160,675
Charge for period - 8,815 8,815
At 29 September 2021 - 169,490 169,490
NET BOOK VALUE
At 29 September 2021 41,167 26,444 67,611
At 30 September 2020 41,167 35,259 76,426

5. STOCKS
2021 2020
£    £   
Finished goods 1,009,850 799,820

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors - 27,412
Other debtors - 60,054
Prepayments 4,904 17,360
4,904 104,826

RAMESH JEWELLERS LIMITED (REGISTERED NUMBER: 07375069)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2020 TO 29 SEPTEMBER 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 33,240 24,205
Trade creditors 275,106 182,342
Corporation Tax payable 9,498 19,482
Social security and other taxes 2,482 9,227
VAT 10,117 41,372
Director's current account 391,395 382,206
Accrued expenses 2,600 2,600
724,438 661,434

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans - 1-2 years 33,240 33,372
Bank loans - 2-5 years 96,387 100,116
Bank Loans due after more than
5 years 126,214 147,777
255,841 281,265

Amounts falling due in more than five years:

Repayable by instalments
Bank Loans due after more than
5 years 126,214 147,777
126,214 147,777

9. RELATED PARTY DISCLOSURES

Included within creditors is the sum of £391,395 (2020: £382,206) due to the directors of the company.

There are no terms as to interest or repayment in respect of this balance.