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REGISTERED NUMBER: 11073903 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30th November 2020

for

PHOENIX JEWELS LIMITED

PHOENIX JEWELS LIMITED (REGISTERED NUMBER: 11073903)






Contents of the Financial Statements
for the Year Ended 30th November 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHOENIX JEWELS LIMITED

Company Information
for the Year Ended 30th November 2020







DIRECTOR: R Kumar





REGISTERED OFFICE: Unit 107 Albert Wing
The Argent Centre, 60 Frederick Street
Birmingham
West Midlands
B1 £HS





REGISTERED NUMBER: 11073903 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

PHOENIX JEWELS LIMITED (REGISTERED NUMBER: 11073903)

Balance Sheet
30th November 2020

30.11.20 30.11.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,599 1,882

CURRENT ASSETS
Stocks 1,875,751 660,500
Debtors 5 3,959,273 3,077,331
Investments 6 567,255 -
Cash at bank and in hand 40,332 16,392
6,442,611 3,754,223
CREDITORS
Amounts falling due within one year 7 5,405,689 3,505,590
NET CURRENT ASSETS 1,036,922 248,633
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,038,521

250,515

CREDITORS
Amounts falling due after more than
one year

8

50,000

-
NET ASSETS 988,521 250,515

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 988,421 250,415
988,521 250,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2020 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.

PHOENIX JEWELS LIMITED (REGISTERED NUMBER: 11073903)

Balance Sheet - continued
30th November 2020


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 20th March 2025 and were signed by:





R Kumar - Director


PHOENIX JEWELS LIMITED (REGISTERED NUMBER: 11073903)

Notes to the Financial Statements
for the Year Ended 30th November 2020

1. STATUTORY INFORMATION

Phoenix Jewels 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. 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.
Plant and machinery etc - 25% on reducing balance

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.

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.

PHOENIX JEWELS LIMITED (REGISTERED NUMBER: 11073903)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2020

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st December 2019
and 30th November 2020 3,346
DEPRECIATION
At 1st December 2019 1,464
Charge for year 283
At 30th November 2020 1,747
NET BOOK VALUE
At 30th November 2020 1,599
At 30th November 2019 1,882

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.20 30.11.19
£    £   
Trade debtors 3,151,814 2,907,331
Amounts owed by group undertakings 807,459 -
Other debtors - 170,000
3,959,273 3,077,331

6. CURRENT ASSET INVESTMENTS
30.11.20 30.11.19
£    £   
Unlisted investments 567,255 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.20 30.11.19
£    £   
Trade creditors 5,117,019 3,383,755
Taxation and social security 239,520 78,633
Other creditors 49,150 43,202
5,405,689 3,505,590

PHOENIX JEWELS LIMITED (REGISTERED NUMBER: 11073903)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2020

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.20 30.11.19
£    £   
Bank loans 50,000 -

Amounts falling due in more than five years:

Repayable by instalments
No description 50,000 -

9. ULTIMATE CONTROLLING PARTY

The Shares are held by Raman Kumar 100% but he is holding two thirds on trust for his daughters P Rajput and S Rajput (who hold one third each)