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REGISTERED NUMBER: 07229884 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

N.OOR JEWELLERY LIMITED

N.OOR JEWELLERY LIMITED (REGISTERED NUMBER: 07229884)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N.OOR JEWELLERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: N Fares





REGISTERED OFFICE: Finchale House
Belmont Business Park
Durham
DH1 1TW





REGISTERED NUMBER: 07229884 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

N.OOR JEWELLERY LIMITED (REGISTERED NUMBER: 07229884)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,382 10,274
Tangible assets 5 532 82
7,914 10,356

CURRENT ASSETS
Stocks 790,649 774,843
Debtors 6 40,373 51,525
Cash at bank and in hand 86,468 141,670
917,490 968,038
CREDITORS
Amounts falling due within one year 7 788,402 785,267
NET CURRENT ASSETS 129,088 182,771
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,002

193,127

CAPITAL AND RESERVES
Called up share capital 8 269,333 269,333
Retained earnings (132,331 ) (76,206 )
SHAREHOLDERS' FUNDS 137,002 193,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

N.OOR JEWELLERY LIMITED (REGISTERED NUMBER: 07229884)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 September 2024 and were signed by:





N Fares - Director


N.OOR JEWELLERY LIMITED (REGISTERED NUMBER: 07229884)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

N.oor Jewellery 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.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

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 - 25% on cost
Computer equipment - 33.33% on cost

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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

N.OOR JEWELLERY LIMITED (REGISTERED NUMBER: 07229884)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Going concern
The director has prepared the financial statements on the going concern basis despite the fact that the company incurred a loss in the period and has a deficit on reserves. The company have prepared financial forecasts which demonstrate that there is a reasonable expectation of the company achieving profits in the future and therefore the director believes that the going concern concept is appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 21,780
AMORTISATION
At 1 April 2023 11,506
Charge for year 2,892
At 31 March 2024 14,398
NET BOOK VALUE
At 31 March 2024 7,382
At 31 March 2023 10,274

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 4,530 7,748 12,278
Additions 573 - 573
At 31 March 2024 5,103 7,748 12,851
DEPRECIATION
At 1 April 2023 4,530 7,666 12,196
Charge for year 72 51 123
At 31 March 2024 4,602 7,717 12,319
NET BOOK VALUE
At 31 March 2024 501 31 532
At 31 March 2023 - 82 82

N.OOR JEWELLERY LIMITED (REGISTERED NUMBER: 07229884)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 35,773 35,534
Other debtors 4,600 15,991
40,373 51,525

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 39,062 6,633
Taxation and social security 9,928 19,643
Other creditors 739,412 758,991
788,402 785,267

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
269,333 Ordinary £1.00 269,333 269,333

9. RELATED PARTY DISCLOSURES

During the year the director maintained an interest-free loan to the company. The amount outstanding as at 31 March 2024 was £285,751. (2023: £285,751).

During the year, a relation to the director, maintained an interest free loan to the company. The amount outstanding as at 31 March 2023 was £431,619 (2023: £431,619).