Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-282024-02-28truetrue0false2023-03-01falseNo description of principal activity0The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10945533 2023-03-01 2024-02-28 10945533 2022-03-01 2023-02-28 10945533 2024-02-28 10945533 2023-02-28 10945533 c:Director1 2023-03-01 2024-02-28 10945533 d:CurrentFinancialInstruments 2024-02-28 10945533 d:CurrentFinancialInstruments 2023-02-28 10945533 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-28 10945533 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 10945533 d:ShareCapital 2024-02-28 10945533 d:ShareCapital 2023-02-28 10945533 d:RetainedEarningsAccumulatedLosses 2024-02-28 10945533 d:RetainedEarningsAccumulatedLosses 2023-02-28 10945533 c:FRS102 2023-03-01 2024-02-28 10945533 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 10945533 c:FullAccounts 2023-03-01 2024-02-28 10945533 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 10945533 e:PoundSterling 2023-03-01 2024-02-28 iso4217:GBP xbrli:pure

Registered number: 10945533









MDR GEMS & JEWELLERY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2024

 
MDR GEMS & JEWELLERY LIMITED
REGISTERED NUMBER: 10945533

BALANCE SHEET
AS AT 28 FEBRUARY 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
282,756
282,756

Debtors: amounts falling due within one year
 5 
1,000
1,140

Cash at bank and in hand
 6 
2,540
2,275

  
286,296
286,171

Creditors: amounts falling due within one year
 7 
(504,209)
(503,640)

Net current liabilities
  
 
 
(217,913)
 
 
(217,469)

Total assets less current liabilities
  
(217,913)
(217,469)

  

Net liabilities
  
(217,913)
(217,469)


Capital and reserves
  

Called up share capital 
  
50,000
50,000

Profit and loss account
  
(267,913)
(267,469)

  
(217,913)
(217,469)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 November 2024.




Amarjit Singh Dassan
Director
Page 1

 
MDR GEMS & JEWELLERY LIMITED
REGISTERED NUMBER: 10945533
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2024


The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
MDR GEMS & JEWELLERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

1.


General information

MDR Gems & Jewellery Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is : 10945533 and registered office address is :  The Courtyard, 14a Sydenham Road, Croydon, United Kingdom, England, CR0 2EE 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 3

 
MDR GEMS & JEWELLERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

2.Accounting policies (continued)

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).


4.


Tangible fixed assets














Net book value



At 28 February 2024



At 28 February 2023


5.


Debtors

2024
2023
£
£


Trade debtors
1,000
1,000

Other debtors
-
140
Page 4

 
MDR GEMS & JEWELLERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

5.Debtors (continued)


1,000
1,140



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,540
2,275

2,540
2,275



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
412,210
413,063

Amounts owed to group undertakings
91,499
89,877

Accruals and deferred income
500
700

504,209
503,640



8.


Related party transactions

At the balance sheet date, included in creditors (Inter company balance) is an amount owed to Award Apparel Limited for the sum of £ 91,499 (2023- £92,075)


9.


Controlling party

The ultimate controlling party is Award Apparel Limited by the virtue of its shareholding.

 
Page 5