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REGISTERED NUMBER: 04716749 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Nath Jewellers (Uk) Limited

Nath Jewellers (Uk) Limited (Registered number: 04716749)






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


Nath Jewellers (Uk) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A Kapoor
Mrs K Rani





REGISTERED OFFICE: 352 Dudley Road
Wolverhampton
WV2 3JR





REGISTERED NUMBER: 04716749 (England and Wales)





ACCOUNTANTS: HR Accountants
149 Spon Lane
West Bromwich
West Midlands
B70 6AS

Nath Jewellers (Uk) Limited (Registered number: 04716749)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,047 2,559

CURRENT ASSETS
Stocks 462,110 460,600
Debtors 5 65,076 19,000
Cash at bank and in hand 35,935 4,788
563,121 484,388
CREDITORS
Amounts falling due within one year 6 100,647 17,651
NET CURRENT ASSETS 462,474 466,737
TOTAL ASSETS LESS CURRENT
LIABILITIES

464,521

469,296

CREDITORS
Amounts falling due after more than one
year

7

37,779

42,453
NET ASSETS 426,742 426,843

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 8 426,740 426,841
426,742 426,843

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 directors acknowledge their 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.

Nath Jewellers (Uk) Limited (Registered number: 04716749)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2024 and were signed on its behalf by:





A Kapoor - Director


Nath Jewellers (Uk) Limited (Registered number: 04716749)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Nath Jewellers (Uk) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 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 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.

3. EMPLOYEES AND DIRECTORS

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

Nath Jewellers (Uk) Limited (Registered number: 04716749)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 22,485
DEPRECIATION
At 1 April 2023 19,926
Charge for year 512
At 31 March 2024 20,438
NET BOOK VALUE
At 31 March 2024 2,047
At 31 March 2023 2,559

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 46,076 -
Other debtors 19,000 19,000
65,076 19,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 72,265 -
Taxation and social security 15,602 15,556
Other creditors 12,780 2,095
100,647 17,651

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 37,779 42,453

8. RESERVES
Retained
earnings
£   

At 1 April 2023 426,841
Profit for the year 39,899
Dividends (40,000 )
At 31 March 2024 426,740