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REGISTERED NUMBER: 08614123 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

MOHANLAL. M. JOGIA GOLDSMITH & JEWELLERS
LIMITED

MOHANLAL. M. JOGIA GOLDSMITH & JEWELLERS
LIMITED (REGISTERED NUMBER: 08614123)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOHANLAL. M. JOGIA GOLDSMITH & JEWELLERS
LIMITED

COMPANY INFORMATION
for the year ended 31 August 2024







DIRECTORS: Mrs R J Jogia
Mr J M Jogia





REGISTERED OFFICE: Unit 2
Charnwood Edge Business Park
Syston Road
Leicester
LE7 4UZ





REGISTERED NUMBER: 08614123 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Unit 2 Charnwood Edge Business Park
Syston Road, Leicester
LE7 4UZ
Magma Audit LLP is part
Of the Dains Group

MOHANLAL. M. JOGIA GOLDSMITH & JEWELLERS
LIMITED (REGISTERED NUMBER: 08614123)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,470 4,137

CURRENT ASSETS
Stocks 272,709 216,015
Debtors 5 6,841 54,761
Cash at bank and in hand 159,128 209,892
438,678 480,668
CREDITORS
Amounts falling due within one year 6 (262,121 ) (279,130 )
NET CURRENT ASSETS 176,557 201,538
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,027

205,675

CREDITORS
Amounts falling due after more than one
year

7

(25,085

)

(30,187

)

PROVISIONS FOR LIABILITIES (279 ) (1,034 )
NET ASSETS 152,663 174,454

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 152,563 174,354
152,663 174,454

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 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.

MOHANLAL. M. JOGIA GOLDSMITH & JEWELLERS
LIMITED (REGISTERED NUMBER: 08614123)

BALANCE SHEET - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by:





Mr J M Jogia - Director


MOHANLAL. M. JOGIA GOLDSMITH & JEWELLERS
LIMITED (REGISTERED NUMBER: 08614123)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024


1. STATUTORY INFORMATION

Mohanlal. M. Jogia Goldsmith & Jewellers Limited is a limited company, limited by shares, registered in England and Wales. Its registered office address is Unit 2 Charnwood Edge Business Park, Syston Road, Leicester, LE7 4UZ and the registered number is 08614123.

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 as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of goods
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write of each asset over its estimated useful life.

Fixtures and Fittings-15% on Reducing Balance
Plant and Machinery-15% on Reducing Balance

Stocks
Stocks are stated at the lower of cost and 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.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate.


MOHANLAL. M. JOGIA GOLDSMITH & JEWELLERS
LIMITED (REGISTERED NUMBER: 08614123)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 September 2023 15,371 38,491 53,862
Additions - 1,730 1,730
At 31 August 2024 15,371 40,221 55,592
DEPRECIATION
At 1 September 2023 14,880 34,845 49,725
Charge for year 491 3,906 4,397
At 31 August 2024 15,371 38,751 54,122
NET BOOK VALUE
At 31 August 2024 - 1,470 1,470
At 31 August 2023 491 3,646 4,137

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16 23,638
Other debtors 6,825 31,123
6,841 54,761

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,102 5,102
Trade creditors 27,815 1,883
Taxation and social security - 36,314
Other creditors 229,204 235,831
262,121 279,130

MOHANLAL. M. JOGIA GOLDSMITH & JEWELLERS
LIMITED (REGISTERED NUMBER: 08614123)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 25,085 30,187