06417470falseto act as a commission agent in the UK and for the sale of normal and coloured diamonds2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2022-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-03-31http://www.companieshouse.gov.uk/cd:Director12022-04-012023-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-04-012023-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-04-012023-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2022-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-03-31http://www.companieshouse.gov.uk/2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/cd:FRS1022022-04-012023-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-04-012023-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 06417470

Yves Frey Diamonds Limited

UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023

Prepared By:
Lever Bros & Co
Chartered Accountants
First Floor ,690 Great West Road
Osterley Village
Isleworth
TW7 4PU

Yves Frey Diamonds Limited

ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
DIRECTORS
Y Frey
REGISTERED OFFICE
First Floor 690 Great West Road
Osterley Village
Isleworth
Middlesex
TW7 4PU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06417470
ACCOUNTANTS
Lever Bros & Co
Chartered Accountants
First Floor ,690 Great West Road
Osterley Village
Isleworth
TW7 4PU

Yves Frey Diamonds Limited

ACCOUNTS
FOR THEYEARENDED31 MARCH 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-

Yves Frey Diamonds Limited

BALANCE SHEET AT 31 March 2023
20232022
Notes££
FIXED ASSETS
Intangible assets24,0775,135
Tangible assets3566862
4,6435,997
CURRENT ASSETS
Stock118,523117,873
Debtors520,92416,366
Cash at bank and in hand128,271114,438
267,718248,677
CREDITORS: Amounts falling due within one year6230,865205,618
NET CURRENT ASSETS36,85343,059
TOTAL ASSETS LESS CURRENT LIABILITIES41,49649,056
CREDITORS: Amounts falling due after more than one year723,08837,124
NET ASSETS18,40811,932
CAPITAL AND RESERVES
Called up share capital911
Profit and loss account18,40711,931
SHAREHOLDERS' FUNDS18,40811,932
For the year ending 31 March 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 23 November 2023 and signed on their behalf by
.............................
Y Frey
Director

Yves Frey Diamonds Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 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.
Plant and Machineryreducing balance 15% - 25%
Fixtures and Fittingsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 10 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1f. Statutory Information
Yves Frey Diamonds Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 06417470 and registered office address is First Floor 690 Great West Road, Osterley Village, Isleworth, United Kingdom, TW7 4PU.
1g. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments.
1h. 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.

Yves Frey Diamonds Limited

2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 1 April 202220,00220,002
At 31 March 202320,00220,002
Depreciation
At 1 April 202214,86714,867
For the year1,0581,058
At 31 March 202315,92515,925
Net Book Amounts
At 31 March 20234,0774,077
At 31 March 20225,1355,135
3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsTotal
£££
Cost
At 1 April 20227,5784,36311,941
Disposals(1,080)-(1,080)
At 31 March 20236,4984,36310,861
Depreciation
At 1 April 20226,7674,31211,079
Disposals(1,000)-(1,000)
For the year20313216
At 31 March 20235,9704,32510,295
Net Book Amounts
At 31 March 202352838566
At 31 March 202281151862
4. STOCK 20232022
££
Stock comprises:
Stock118,523117,873
118,523117,873
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors14,6379,274
Other debtors-1,150
Prepayments6,2875,942
20,92416,366

Yves Frey Diamonds Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Taxation and social security7,5637,635
Directors current account52,37152,344
Bank Loan9,0365,000
Trade creditors159,170138,989
Accruals2,7251,650
230,865205,618
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr23,08837,124
23,08837,124
8. EMPLOYEES
20232022
No.No.
Average number of employees11
9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11