2023-04-01 2024-03-31 false Capium Accounts Production 1.1 10115941 bus:AbridgedAccounts 2023-04-01 2024-03-31 10115941 bus:FRS102 2023-04-01 2024-03-31 10115941 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10115941 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10115941 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10115941 2023-04-01 2024-03-31 10115941 2024-03-31 10115941 bus:RegisteredOffice 2023-04-01 2024-03-31 10115941 core:WithinOneYear 2024-03-31 10115941 core:AfterOneYear 2024-03-31 10115941 bus:Director1 2023-04-01 2024-03-31 10115941 bus:Director1 2024-03-31 10115941 bus:Director1 2022-04-01 2023-03-31 10115941 2022-04-01 10115941 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 10115941 2022-04-01 2023-03-31 10115941 2023-03-31 10115941 core:WithinOneYear 2023-03-31 10115941 core:AfterOneYear 2023-03-31 10115941 bus:EntityAccountantsOrAuditors 2022-04-01 2023-03-31 10115941 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 10115941 bus:OrdinaryShareClass1 2024-03-31 10115941 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 10115941 bus:OrdinaryShareClass1 2023-03-31 10115941 core:FurnitureFittings 2023-04-01 2024-03-31 10115941 core:FurnitureFittings 2024-03-31 10115941 core:FurnitureFittings 2023-03-31 10115941 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-03-31 10115941 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-03-31 10115941 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 10115941 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 10115941 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-03-31 10115941 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 10115941 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 10115941 core:Non-currentFinancialInstruments 2024-03-31 10115941 core:Non-currentFinancialInstruments 2023-03-31 10115941 core:ShareCapital 2024-03-31 10115941 core:ShareCapital 2023-03-31 10115941 core:RetainedEarningsAccumulatedLosses 2024-03-31 10115941 core:RetainedEarningsAccumulatedLosses 2023-03-31 10115941 dpl:Item1 2023-04-01 10115941 dpl:Item1 2024-03-31 10115941 dpl:Item1 2022-04-01 10115941 dpl:Item1 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 10115941
England and Wales

 

 

 

MADINA JEWELLERS (NORTH WEST) UK LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Accountants' report on the financial statements to the directors of Madina Jewellers (North West) UK Limited.

In accordance with our terms of engagement and in order to assist you to fulfill your duties under the Companies Act 2006, we have compiled the financial statements of the company for the period ending year ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our engagement.  Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as a body, for our work or for this report.

You have acknowledged on the Balance Sheet as at year ended 31 March 2024 your duty to ensure that the company has kept the correct accounting records to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from statutory requirement for an audit for the period.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.



....................................................

Stonebridge Accountants

19a Chorley Old Road
Bolton
BL1 3AD
11 September 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 621    931 
621    931 
Current assets      
Stocks 249,112    95,466 
Debtors 259,206    374,194 
Cash at bank and in hand 143,244    158,409 
651,562    628,069 
Creditors: amount falling due within one year (34,273)   (36,049)
Net current assets 617,289    592,020 
 
Total assets less current liabilities 617,910    592,951 
Creditors: amount falling due after more than one year (338,983)   (358,983)
Provisions for liabilities (118)   (177)
Net assets 278,809    233,791 
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account 278,709    233,691 
Shareholders' funds 278,809    233,791 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 11 September 2024 and were signed by:


-------------------------------
Mr Faisal Waseem Malik
Director
2
General Information
Madina Jewellers (North West) UK Limited is a private company, limited by shares, registered in England and Wales, registration number 10115941, registration address 19a Chorley Old Road, Bolton, BL1 3AD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 10% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 April 2023 3,101    3,101 
Additions  
Disposals  
At 31 March 2024 3,101    3,101 
Depreciation
At 01 April 2023 2,170    2,170 
Charge for year 310    310 
On disposals  
At 31 March 2024 2,480    2,480 
Net book values
Closing balance as at 31 March 2024 621    621 
Opening balance as at 01 April 2023 931    931 


4.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

3