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REGISTERED NUMBER: 09988440 (England and Wales)















Unaudited Financial Statements

for the Period 1 March 2023 to 31 August 2024

for

Prestigious Jewellers Limited

Prestigious Jewellers Limited (Registered number: 09988440)






Contents of the Financial Statements
for the Period 1 March 2023 to 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Prestigious Jewellers Limited

Company Information
for the Period 1 March 2023 to 31 August 2024







DIRECTOR: H Hamad





REGISTERED OFFICE: West Hill House
Allerton Hill
Chapel Allerton
Leeds
West Yorkshire
LS7 3QB





REGISTERED NUMBER: 09988440 (England and Wales)





ACCOUNTANTS: Malcolm Jones & Co LLP
Accountants and Business Advisors
West Hill House
Allerton Hill
Chapel Allerton
Leeds
LS7 3QB

Prestigious Jewellers Limited (Registered number: 09988440)

Balance Sheet
31 August 2024

31.8.24 28.2.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 125,625 177,100
Investments 5 51,602 51,602
177,227 228,702

CURRENT ASSETS
Stocks 262,710 210,000
Debtors 6 353,744 317,501
Cash at bank and in hand 693,116 214,699
1,309,570 742,200
CREDITORS
Amounts falling due within one year 7 532,058 178,667
NET CURRENT ASSETS 777,512 563,533
TOTAL ASSETS LESS CURRENT
LIABILITIES

954,739

792,235

CREDITORS
Amounts falling due after more than one
year

8

(86,601

)

(158,935

)

PROVISIONS FOR LIABILITIES (31,406 ) -
NET ASSETS 836,732 633,300

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 836,731 633,299
836,732 633,300

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

Prestigious Jewellers Limited (Registered number: 09988440)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2025 and were signed by:





H Hamad - Director


Prestigious Jewellers Limited (Registered number: 09988440)

Notes to the Financial Statements
for the Period 1 March 2023 to 31 August 2024

1. STATUTORY INFORMATION

Prestigious Jewellers 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.

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 period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2023 - 6 ) .

Prestigious Jewellers Limited (Registered number: 09988440)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 257,122
Additions 10,464
At 31 August 2024 267,586
DEPRECIATION
At 1 March 2023 80,022
Charge for period 61,939
At 31 August 2024 141,961
NET BOOK VALUE
At 31 August 2024 125,625
At 28 February 2023 177,100

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.8.24 28.2.23
£    £   
Other investments 51,602 51,602

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 28.2.23
£    £   
Other debtors 353,744 317,501

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 28.2.23
£    £   
Bank loans and overdrafts 8,445 -
Hire purchase contracts 21,417 -
Trade creditors 278,750 -
Taxation and social security 118,004 69,718
Other creditors 105,442 108,949
532,058 178,667

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 28.2.23
£    £   
Bank loans 17,627 36,109
Hire purchase contracts 68,974 122,826
86,601 158,935