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COMPANY REGISTRATION NUMBER: 12417434
Sarcastik Jewels Limited
Filleted Unaudited Financial Statements
31 January 2024
Sarcastik Jewels Limited
Financial Statements
Year ended 31 January 2024
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
Sarcastik Jewels Limited
Officers and Professional Advisers
The board of directors
M Saad
J Monot-Lebkiri
Registered office
34 Chepstow Road
London
W2 5BE
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
Sarcastik Jewels Limited
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Sarcastik Jewels Limited
Year ended 31 January 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 January 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
Sarcastik Jewels Limited
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
889
3,141
Current assets
Debtors
5
100
7,260
Cash at bank and in hand
22,973
15,406
--------
--------
23,073
22,666
Creditors: amounts falling due within one year
6
10,274
11,790
--------
--------
Net current assets
12,799
10,876
--------
--------
Total assets less current liabilities
13,688
14,017
--------
--------
Net assets
13,688
14,017
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
13,588
13,917
--------
--------
Shareholders funds
13,688
14,017
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Sarcastik Jewels Limited
Statement of Financial Position (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 30 October 2024 , and are signed on behalf of the board by:
M Saad
J Monot-Lebkiri
Director
Director
Company registration number: 12417434
Sarcastik Jewels Limited
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 34 Chepstow Road, London, W2 5BE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity .
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date .
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% straight line
4. Tangible assets
Equipment
£
Cost
At 1 February 2023 and 31 January 2024
6,754
-------
Depreciation
At 1 February 2023
3,613
Charge for the year
2,252
-------
At 31 January 2024
5,865
-------
Carrying amount
At 31 January 2024
889
-------
At 31 January 2023
3,141
-------
5. Debtors
2024
2023
£
£
Trade debtors
7,160
Other debtors
100
100
----
-------
100
7,260
----
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
465
2,053
Other creditors
9,809
9,737
--------
--------
10,274
11,790
--------
--------