Company Registration No. 13637046 (England and Wales)
Kenar Jewellery Ltd
Unaudited accounts
for the year ended 30 September 2023
Kenar Jewellery Ltd
Unaudited accounts
Contents
Kenar Jewellery Ltd
Company Information
for the year ended 30 September 2023
Company Number
13637046 (England and Wales)
Registered Office
371-373 Edgware Road
London
W2 1BS
Accountants
RMR Partnership LLP
3rd Floor, Vyman House
104 College Road
Harrow
Middlesex
HA1 1BQ
Kenar Jewellery Ltd
Statement of financial position
as at 30 September 2023
Inventories
839,217
236,045
Cash at bank and in hand
11,584
10,137
Creditors: amounts falling due within one year
(840,468)
(234,526)
Net current assets
10,333
17,750
Called up share capital
100
100
Profit and loss account
10,795
17,962
Shareholders' funds
10,895
18,062
For the year ending 30 September 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 3 September 2024 and were signed on its behalf by
Carl Joseph
Director
Company Registration No. 13637046
Kenar Jewellery Ltd
Notes to the Accounts
for the year ended 30 September 2023
Kenar Jewellery Ltd is a private company, limited by shares, registered in England and Wales, registration number 13637046. The registered office is 371-373 Edgware Road, London, W2 1BS.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
20% as per reducing balance method
Fixtures & fittings
25% as per reducing balance method
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Kenar Jewellery Ltd
Notes to the Accounts
for the year ended 30 September 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 October 2022
-
333
333
At 30 September 2023
364
333
697
Charge for the year
36
78
114
At 30 September 2023
36
99
135
At 30 September 2023
328
234
562
At 30 September 2022
-
312
312
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
826,415
219,045
Taxes and social security
-
4,196
Loans from directors
10,786
10,085
7
Average number of employees
During the year the average number of employees was 2 (2022: 1).