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REGISTERED NUMBER: 06344319 (England and Wales)














Financial Statements for the Period 30 August 2022 to 31 August 2023

for

Shelina Jewellers Limited

Shelina Jewellers Limited (Registered number: 06344319)






Contents of the Financial Statements
for the Period 30 August 2022 to 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Shelina Jewellers Limited

Company Information
for the Period 30 August 2022 to 31 August 2023







DIRECTOR: Mr R Lubin





REGISTERED OFFICE: 3 Oldchurch Road
Chingford
London
E4 6SJ





REGISTERED NUMBER: 06344319 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Shelina Jewellers Limited (Registered number: 06344319)

Statement of Financial Position
31 August 2023

31.8.23 29.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 21,400 26,750
Tangible assets 5 357 421
21,757 27,171

CURRENT ASSETS
Stocks 45,027 55,000
Debtors 6 56,330 31,628
Cash at bank - 18,541
101,357 105,169
CREDITORS
Amounts falling due within one year 7 90,332 96,359
NET CURRENT ASSETS 11,025 8,810
TOTAL ASSETS LESS CURRENT LIABILITIES 32,782 35,981

CREDITORS
Amounts falling due after more than one
year

8

32,645

35,903
NET ASSETS 137 78

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 135 76
SHAREHOLDERS' FUNDS 137 78

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Shelina Jewellers Limited (Registered number: 06344319)

Statement of Financial Position - continued
31 August 2023


The 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.

The financial statements were approved by the director and authorised for issue on 25 September 2024 and were signed by:





Mr R Lubin - Director


Shelina Jewellers Limited (Registered number: 06344319)

Notes to the Financial Statements
for the Period 30 August 2022 to 31 August 2023

1. STATUTORY INFORMATION

Shelina Jewellers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

Shelina Jewellers Limited (Registered number: 06344319)

Notes to the Financial Statements - continued
for the Period 30 August 2022 to 31 August 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30 August 2022
and 31 August 2023 107,000
AMORTISATION
At 30 August 2022 80,250
Amortisation for period 5,350
At 31 August 2023 85,600
NET BOOK VALUE
At 31 August 2023 21,400
At 29 August 2022 26,750

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 30 August 2022
and 31 August 2023 3,000
DEPRECIATION
At 30 August 2022 2,579
Charge for period 64
At 31 August 2023 2,643
NET BOOK VALUE
At 31 August 2023 357
At 29 August 2022 421

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 29.8.22
£    £   
Other debtors 56,330 31,628

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 29.8.22
£    £   
Bank loans and overdrafts 15,641 13,056
Trade creditors 23,576 14,472
Taxation and social security 51,115 68,831
90,332 96,359

Shelina Jewellers Limited (Registered number: 06344319)

Notes to the Financial Statements - continued
for the Period 30 August 2022 to 31 August 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 29.8.22
£    £   
Bank loans 32,645 35,903

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 August 2023 and the year ended 29 August 2022:

31.8.23 29.8.22
£    £   
Mr R Lubin
Balance outstanding at start of period 23,647 -
Amounts advanced 24,702 23,647
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 48,349 23,647

10. RELATED PARTY DISCLOSURES

Mr R Lubin is deemed to be the key management personnel.