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REGISTERED NUMBER: 11054730



















Unaudited Financial Statements

for the Year Ended 30th September 2023

for

SAHIB JEWELLERS LIMITED

SAHIB JEWELLERS LIMITED (REGISTERED NUMBER: 11054730)






Contents of the Financial Statements
for the Year Ended 30th September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAHIB JEWELLERS LIMITED

Company Information
for the Year Ended 30th September 2023







DIRECTOR: G Singh





REGISTERED OFFICE: 167 Soho Road
Birmingham
West Midlands
B21 9SU





REGISTERED NUMBER: 11054730





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

SAHIB JEWELLERS LIMITED (REGISTERED NUMBER: 11054730)

Balance Sheet
30th September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 779,285 484,253

CURRENT ASSETS
Stocks 738,382 1,147,167
Debtors 5 533,657 382,440
Cash at bank and in hand 28,591 57,636
1,300,630 1,587,243
CREDITORS
Amounts falling due within one year 6 1,742,681 1,791,143
NET CURRENT LIABILITIES (442,051 ) (203,900 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

337,234

280,353

CREDITORS
Amounts falling due after more than
one year

7

39,835

57,712
NET ASSETS 297,399 222,641

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 297,299 222,541
297,399 222,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2023 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.

SAHIB JEWELLERS LIMITED (REGISTERED NUMBER: 11054730)

Balance Sheet - continued
30th September 2023


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 16th May 2025 and were signed by:





G Singh - Director


SAHIB JEWELLERS LIMITED (REGISTERED NUMBER: 11054730)

Notes to the Financial Statements
for the Year Ended 30th September 2023

1. STATUTORY INFORMATION

Sahib Jewellers Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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.

SAHIB JEWELLERS LIMITED (REGISTERED NUMBER: 11054730)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st October 2022 424,228 77,851 502,079
Additions 301,551 3,336 304,887
At 30th September 2023 725,779 81,187 806,966
DEPRECIATION
At 1st October 2022 - 17,826 17,826
Charge for year - 9,855 9,855
At 30th September 2023 - 27,681 27,681
NET BOOK VALUE
At 30th September 2023 725,779 53,506 779,285
At 30th September 2022 424,228 60,025 484,253

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 527,357 382,440
Other debtors 6,300 -
533,657 382,440

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 1,048,533 1,302,620
Tax 95,175 38,701
Social security and other taxes 498 1,768
VAT 30,294 45,445
Other creditors 510,440 270,496
Directors' current accounts 37,720 130,842
Accruals and deferred income 16,250 -
Accrued expenses 3,771 1,271
1,742,681 1,791,143

SAHIB JEWELLERS LIMITED (REGISTERED NUMBER: 11054730)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans - 2-5 years 37,500 42,858
Hire purchase contracts 2,335 14,854
39,835 57,712

8. RESERVES
Retained
earnings
£   

At 1st October 2022 222,541
Profit for the year 74,758
At 30th September 2023 297,299

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G Singh.