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Registered number: 6246468

Elma Jewellery Limited

ACCOUNTS
FOR THE YEAR ENDED 31/05/2023

Prepared By:
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

Elma Jewellery Limited

ACCOUNTS
FOR THE YEAR ENDED 31/05/2023
DIRECTORS
S Smaia
SECRETARY
E Frankl
REGISTERED OFFICE
First Floor
49 Mowbray Road
Edgware
Middlesex
HA8 8JL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 6246468
BANKERS
Lloyds TSB
ACCOUNTANTS
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

Elma Jewellery Limited

ACCOUNTS
FOR THEYEARENDED31/05/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Elma Jewellery Limited

BALANCE SHEET AT 31/05/2023
20232022
Notes££
FIXED ASSETS
Intangible assets2560700
Tangible assets38,0648,946
8,6249,646
CURRENT ASSETS
Debtors4924,747926,348
Cash at bank and in hand109,048100,872
1,033,7951,027,220
CREDITORS: Amounts falling due within one year5183,082195,734
NET CURRENT ASSETS850,713831,486
TOTAL ASSETS LESS CURRENT LIABILITIES859,337841,132
CREDITORS: Amounts falling due after more than one year620,00031,767
NET ASSETS839,337809,365
CAPITAL AND RESERVES
Called up share capital844
Profit and loss account839,333809,361
SHAREHOLDERS' FUNDS839,337809,365
For the year ending 31/05/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 30/10/2023 and signed on their behalf by
.............................
S Smaia
Director

Elma Jewellery Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 20%
1c. Intangible Assets
Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.
1d. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

Elma Jewellery Limited

2. INTANGIBLE FIXED ASSETS
Development
CostsTotal
££
Cost
At 01/06/20228,3348,334
At 31/05/20238,3348,334
Depreciation
At 01/06/20227,6347,634
For the year140140
At 31/05/20237,7747,774
Net Book Amounts
At 31/05/2023560560
At 31/05/2022700700
Development costs represents the capitalised cost of the company's web site.
3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/06/202238,15838,158
Additions1,1341,134
At 31/05/202339,29239,292
Depreciation
At 01/06/202229,21229,212
For the year2,0162,016
At 31/05/202331,22831,228
Net Book Amounts
At 31/05/20238,0648,064
At 31/05/20228,9468,946
4. DEBTORS 20232022
££
Amounts falling due within one year
Other debtors924,747926,348
924,747926,348

Elma Jewellery Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax7,19016,119
VAT12,57812,593
PAYE control119119
Bank Loan11,76720,600
Trade creditors92,68580,027
Other creditors44,51045,392
Accruals14,23320,884
183,082195,734
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr20,00030,000
Bank loans (secured) >1yr-1,767
20,00031,767
7. EMPLOYEES
20232022
No.No.
Average number of employees66
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
4 Ordinary shares of £1 each44
44

Elma Jewellery Limited

9. CONTROLLING PARTY
The company is controlled by Mrs S Smaia, the director, by virtue of the fact that she holds 100% of the company's issued and called up voting share capital.