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REGISTERED NUMBER: 07375069 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 SEPTEMBER 2024

FOR

RAMESH JEWELLERS LIMITED

RAMESH JEWELLERS LIMITED (REGISTERED NUMBER: 07375069)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RAMESH JEWELLERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 SEPTEMBER 2024







DIRECTORS: Mr Ramesh Kumar
Mr Ravi Kumar
Mr Rajan Kumar





REGISTERED OFFICE: 7 St John's Road
Harrow
Middlesex
HA1 2EY





REGISTERED NUMBER: 07375069 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

RAMESH JEWELLERS LIMITED (REGISTERED NUMBER: 07375069)

BALANCE SHEET
29 SEPTEMBER 2024

29.9.24 29.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,276 57,112

CURRENT ASSETS
Stocks 995,000 1,121,330
Debtors 5 17,215 9,380
Cash at bank 85,517 54,521
1,097,732 1,185,231
CREDITORS
Amounts falling due within one year 6 417,190 606,430
NET CURRENT ASSETS 680,542 578,801
TOTAL ASSETS LESS CURRENT LIABILITIES 733,818 635,913

CREDITORS
Amounts falling due after more than one year 7 (483,793 ) (401,818 )

PROVISIONS FOR LIABILITIES (2,961 ) (2,968 )
NET ASSETS 247,064 231,127

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 246,964 231,027
SHAREHOLDERS' FUNDS 247,064 231,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 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.

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 Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:





Mr Ramesh Kumar - Director


RAMESH JEWELLERS LIMITED (REGISTERED NUMBER: 07375069)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024

1. STATUTORY INFORMATION

Ramesh 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.
Fixtures fittings & Equipments - 25% 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.

Financial instruments
Financial assets and liabilities are recognised in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument.

Loans and borrowings
Loans and borrowings are measured initially at fair value, net of transactions costs and are measured subsequently at amortized cost using the effective interest method.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

RAMESH JEWELLERS LIMITED (REGISTERED NUMBER: 07375069)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to fittings
property & Equipments Totals
£    £    £   
COST
At 30 September 2023 41,167 197,312 238,479
Additions - 166 166
At 29 September 2024 41,167 197,478 238,645
DEPRECIATION
At 30 September 2023 - 181,367 181,367
Charge for year - 4,002 4,002
At 29 September 2024 - 185,369 185,369
NET BOOK VALUE
At 29 September 2024 41,167 12,109 53,276
At 29 September 2023 41,167 15,945 57,112

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.9.24 29.9.23
£    £   
Trade debtors 14,671 6,372
Other debtors 2,544 3,008
17,215 9,380

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.9.24 29.9.23
£    £   
Bank loans and overdrafts 42,033 143,066
Trade creditors 216,160 293,857
Amounts owed to group undertakings 10,000 10,000
Taxation and social security 44,919 46,296
Other creditors 104,078 113,211
417,190 606,430

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.9.24 29.9.23
£    £   
Bank loans 183,793 101,818
Other creditors 300,000 300,000
483,793 401,818

Amounts falling due in more than five years:

Repayable by instalments
Bank Loans due after more than
5 years 49,334 33,371
49,334 33,371

RAMESH JEWELLERS LIMITED (REGISTERED NUMBER: 07375069)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2024

8. SECURED DEBTS

The bank loans are secured by a fixed and floating charge over the the assets of the company.

9. RELATED PARTY DISCLOSURES

Included within other creditors as at year end is £100,612 (2023: £108,986), an amount owed to the directors of the company. The amount owed is unsecured and there are no specific terms to the repayment of this amount.

Also, included within other long term creditors as at year end is £300,000 (2023: £300,000), an amount owed to the directors of the company. The amount owed is unsecured and there are no specific terms to the repayment of this amount.

Included within creditors as at year end is £10,000 (2023: £10,000), an amount owed to R3 Traders Limited, a company where the directors of the company are also the directors. The amount owed is unsecured and there are no specific terms to the repayment of this amount.