MUSTAFA JEWELLERS LIMITED

Company Registration Number:
09218034 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

MUSTAFA JEWELLERS LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2023

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

MUSTAFA JEWELLERS LIMITED

Company Information

for the Period Ended 30 September 2023




Director: Mustafa Abdulrasul
Registered office: 171
Dunstable Road
Luton
Beds
LU1 1BT
Company Registration Number: 09218034 (England and Wales)

MUSTAFA JEWELLERS LIMITED

Directors' Report Period Ended 30 September 2023

The directors present their report with the financial statements of the company for the period ended 30 September 2023

Directors

The directors shown below have held office during the whole of the period from 01 October 2022 to 30 September 2023
Mustafa Abdulrasul

This report was approved by the board of directors on 25 December 2023
And Signed On Behalf Of The Board By:

Name: Mustafa Abdulrasul
Status: Director

MUSTAFA JEWELLERS LIMITED

Balance sheet

As at 30 September 2023


Notes

2023
£

2022
£
Fixed assets
Total fixed assets: - -
Current assets
Stocks: 212,500 121,585
Cash at bank and in hand: 40,303 15,439
Total current assets: 252,803 137,024
Creditors: amounts falling due within one year: 4 ( 232,645 ) ( 121,603 )
Net current assets (liabilities): 20,158 15,421
Total assets less current liabilities: 20,158 15,421
Total net assets (liabilities): 20,158 15,421

The notes form part of these financial statements

MUSTAFA JEWELLERS LIMITED

Balance sheet continued

As at 30 September 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 20,058 15,321
Shareholders funds: 20,158 15,421

For the year ending 30 September 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.

This report was approved by the board of directors on 25 December 2023
And Signed On Behalf Of The Board By:

Name: Mustafa Abdulrasul
Status: Director

The notes form part of these financial statements

MUSTAFA JEWELLERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

    Revenue from the sale of goods is recognised when the significant risk and rewards of ownership have transferred to the buyer, usually on despatch of goods; the amount revenue can be measured reliably; its probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount

    Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

    An increase in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reversed a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

    Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

    Plant and machinery 20% on reducing balance

    Fixtures and fittings 20% on reducing balance

    Office equipment 20% on reducing balance

    Valuation information and policy

    Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

    Other accounting policies

    Taxation Current tax is based on taxable profit for the year. Taxable profit differs from total comprehensive income because it excludes items of income or expense that are taxable or deductible in other periods. Current tax assets and liabilities are measured using tax rates that have been enacted or substantively enacted by the reporting date.

MUSTAFA JEWELLERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 6 3

MUSTAFA JEWELLERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 3. Off balance sheet disclosure

    No

MUSTAFA JEWELLERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

4.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 232,645 121,603
Total 232,645 121,603