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REGISTERED NUMBER: 13912854 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

GN Jewellery Packaging Ltd

GN Jewellery Packaging Ltd (Registered number: 13912854)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GN Jewellery Packaging Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: G Baspinar





REGISTERED OFFICE: Unit 3, Ozdiler House
River Way
Harlow
CM20 2DR





REGISTERED NUMBER: 13912854 (England and Wales)





ACCOUNTANTS: Musalar & Co Accountants
International Accountant &Tax Consultant
FAIA, FFA, FIPA,,FFTA
536 Lordship Lane
London
N22 5BY

GN Jewellery Packaging Ltd (Registered number: 13912854)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,450 21,554

CURRENT ASSETS
Stocks 5 7,500 10,550
Debtors 6 29,175 42,127
Cash at bank and in hand 43,959 78,289
80,634 130,966
CREDITORS
Amounts falling due within one year 7 37,316 113,840
NET CURRENT ASSETS 43,318 17,126
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,768

38,680

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 56,768 37,680
SHAREHOLDERS' FUNDS 57,768 38,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

GN Jewellery Packaging Ltd (Registered number: 13912854)

Balance Sheet - continued
29 February 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 director and authorised for issue on 9 October 2024 and were signed by:





G Baspinar - Director


GN Jewellery Packaging Ltd (Registered number: 13912854)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

GN Jewellery Packaging Ltd 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

GN Jewellery Packaging Ltd (Registered number: 13912854)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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 NIL (2023 - 2 ).

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 1,208 27,450 28,658
DEPRECIATION
At 1 March 2023 241 6,863 7,104
Charge for year 241 6,863 7,104
At 29 February 2024 482 13,726 14,208
NET BOOK VALUE
At 29 February 2024 726 13,724 14,450
At 28 February 2023 967 20,587 21,554

5. STOCKS
29.2.24 28.2.23
£    £   
Stocks 7,500 10,550

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 11,181 9,823
Prepayments 17,994 32,304
29,175 42,127

GN Jewellery Packaging Ltd (Registered number: 13912854)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 2,989 94,325
Paye 463 87
Tax 15,027 1,830
VAT 8,706 4,196
Directors' current accounts 10,131 13,402
37,316 113,840

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1,000 Ordinary shares class A 1.00 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 March 2023 37,680
Profit for the year 49,088
Dividends (30,000 )
At 29 February 2024 56,768