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REGISTERED NUMBER: 09742764 (England and Wales)


Financial Statements for the Year Ended 31 August 2024

for

Just Diamonds Ltd

Just Diamonds Ltd (Registered number: 09742764)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Just Diamonds Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr Divyesh Parekh





REGISTERED OFFICE: 33 Ground Floor
Tenby Street
Birmingham
United Kingdom
B1 3EE





REGISTERED NUMBER: 09742764 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Just Diamonds Ltd (Registered number: 09742764)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 14,738 14,867

CURRENT ASSETS
Inventories 57,288 95,140
Debtors 5 95,847 62,777
Cash at bank and in hand 79,000 116,784
232,135 274,701
CREDITORS
Amounts falling due within one year 6 218,979 240,043
NET CURRENT ASSETS 13,156 34,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,894

49,525

CREDITORS
Amounts falling due after more than one
year

7

35,558

41,234
NET (LIABILITIES)/ASSETS (7,664 ) 8,291

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (7,665 ) 8,290
SHAREHOLDERS' FUNDS (7,664 ) 8,291

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

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

Just Diamonds Ltd (Registered number: 09742764)

Statement of Financial Position - continued
31 August 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 12 February 2025 and were signed by:





Mr Divyesh Parekh - Director


Just Diamonds Ltd (Registered number: 09742764)

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

1. STATUTORY INFORMATION

Just Diamonds 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 represents net sales of invoiced goods and services excluding Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 September 2023 29,390
Additions 3,555
At 31 August 2024 32,945
DEPRECIATION
At 1 September 2023 14,523
Charge for year 3,684
At 31 August 2024 18,207
NET BOOK VALUE
At 31 August 2024 14,738
At 31 August 2023 14,867

Just Diamonds Ltd (Registered number: 09742764)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 92,506 61,717
Other debtors 3,341 1,060
95,847 62,777

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 66,902 83,090
Taxation and social security 32,385 34,288
Other creditors 119,692 122,665
218,979 240,043

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.24 31.8.23
£    £   
Other creditors 35,558 41,234

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1 Share capital 1 £1 1 1