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REGISTERED NUMBER: 01126062 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

R Chandra (Gems) Limited

R Chandra (Gems) Limited (Registered number: 01126062)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R Chandra (Gems) Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mrs Sunita Mistry
R R Waghela
Mrs A R Waghela





REGISTERED OFFICE: 173 Cleveland Street
London
W1T 6QR





REGISTERED NUMBER: 01126062 (England and Wales)





ACCOUNTANTS: Shah Dodhia & Co
173 Cleveland Street
London
W1T 6QR

R Chandra (Gems) Limited (Registered number: 01126062)

Balance Sheet
31 July 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 5 812 1,083

CURRENT ASSETS
Stocks 309,833 381,566
Debtors 6 58,096 31,465
Cash at bank and in hand 116,926 196,146
484,855 609,177
CREDITORS
Amounts falling due within one year 7 219,523 339,352
NET CURRENT ASSETS 265,332 269,825
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,144

270,908

CAPITAL AND RESERVES
Called up share capital 12,000 12,000
Retained earnings 254,144 258,908
266,144 270,908

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 February 2025 and were signed on its behalf by:





R R Waghela - Director


R Chandra (Gems) Limited (Registered number: 01126062)

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

1. STATUTORY INFORMATION

R Chandra (Gems) 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. 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 preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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.

Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

4. EMPLOYEES AND DIRECTORS

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

R Chandra (Gems) Limited (Registered number: 01126062)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£ £ £
COST
At 1 August 2023
and 31 July 2024 54,430 25,375 79,805
DEPRECIATION
At 1 August 2023 54,117 24,605 78,722
Charge for year 78 193 271
At 31 July 2024 54,195 24,798 78,993
NET BOOK VALUE
At 31 July 2024 235 577 812
At 31 July 2023 313 770 1,083

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 34,561 10,981
Other debtors 23,535 20,484
58,096 31,465

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 204,019 279,461
Taxation and social security 6,249 42,275
Other creditors 9,255 17,616
219,523 339,352