Company Registration No. 04008725 (England and Wales)
Laxmi Jewellers Uk Limited
Unaudited accounts
for the year ended 31 October 2023
Laxmi Jewellers Uk Limited
Unaudited accounts
Contents
Laxmi Jewellers Uk Limited
Company Information
for the year ended 31 October 2023
Company Number
04008725 (England and Wales)
Registered Office
207 Wednesbury Road
Pleck
Walsall
West Midlands
WS1 9QL
United Kingdom
Accountants
Younis Bhatti & Co Ltd
93 Broad Street
Birmingham
West Midlands
B15 1AU
Laxmi Jewellers Uk Limited
Statement of financial position
as at 31 October 2023
Intangible assets
61,500
61,500
Tangible assets
14,150
816
Investment property
2,269,396
2,027,291
Inventories
798,512
439,658
Cash at bank and in hand
487,320
279,592
Creditors: amounts falling due within one year
(1,806,944)
(3,285,951)
Net current assets
152,569
436,544
Total assets less current liabilities
2,497,615
2,526,151
Creditors: amounts falling due after more than one year
(81,862)
(90,416)
Net assets
2,415,753
2,435,735
Called up share capital
100
100
Profit and loss account
2,415,653
2,435,635
Shareholders' funds
2,415,753
2,435,735
For the year ending 31 October 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 July 2024 and were signed on its behalf by
Bobby Verma
Director
Company Registration No. 04008725
Laxmi Jewellers Uk Limited
Notes to the Accounts
for the year ended 31 October 2023
Laxmi Jewellers Uk Limited is a private company, limited by shares, registered in England and Wales, registration number 04008725. The registered office is 207 Wednesbury Road, Pleck, Walsall, West Midlands, WS1 9QL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
It is policy of the company not to amortise goodwill.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 November 2022
7,500
54,000
61,500
At 31 October 2023
7,500
54,000
61,500
At 31 October 2023
7,500
54,000
61,500
At 31 October 2022
7,500
54,000
61,500
Laxmi Jewellers Uk Limited
Notes to the Accounts
for the year ended 31 October 2023
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2022
18,429
21,232
39,661
At 31 October 2023
18,429
36,047
54,476
At 1 November 2022
18,428
20,417
38,845
Charge for the year
-
1,481
1,481
At 31 October 2023
18,428
21,898
40,326
At 31 October 2023
1
14,149
14,150
At 31 October 2022
1
815
816
Fair value at 1 November 2022
2,027,291
At 31 October 2023
2,269,396
Amounts falling due within one year
Trade debtors
552,545
2,877,309
Accrued income and prepayments
200
25,000
Other debtors
120,936
100,936
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,532,096
2,679,382
Trade creditors
149,163
519,934
Taxes and social security
40,026
31,072
Other creditors
53,952
53,952
Laxmi Jewellers Uk Limited
Notes to the Accounts
for the year ended 31 October 2023
9
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
6,000
6,000
Loans from directors
62,069
47,653
10
Average number of employees
During the year the average number of employees was 6 (2022: 5).