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Company Registration No. 01310145 (England and Wales)
Bezalel Gems Limited Unaudited accounts for the year ended 31 December 2024
Bezalel Gems Limited Unaudited accounts Contents
Page
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Bezalel Gems Limited Company Information for the year ended 31 December 2024
Directors
Mr S Besalel Mr J Bezalel
Company Number
01310145 (England and Wales)
Registered Office
16 Tillingbourne Gardens London N3 3JL England
Accountants
Alexander-Passe & Co 16 Tillingbourne Gardens London N3 3JL
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Bezalel Gems Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,139 
1,212 
Current assets
Inventories
269,000 
300,000 
Debtors
116,945 
153,149 
Cash at bank and in hand
152,429 
273,334 
538,374 
726,483 
Creditors: amounts falling due within one year
(9,618)
(42,177)
Net current assets
528,756 
684,306 
Total assets less current liabilities
529,895 
685,518 
Creditors: amounts falling due after more than one year
(288,093)
(288,093)
Net assets
241,802 
397,425 
Capital and reserves
Called up share capital
180 
180 
Profit and loss account
241,622 
397,245 
Shareholders' funds
241,802 
397,425 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2025 and were signed on its behalf by
Mr S Besalel Director Company Registration No. 01310145
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Bezalel Gems Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Bezalel Gems Limited is a private company, limited by shares, registered in England and Wales, registration number 01310145. The registered office is 16 Tillingbourne Gardens, London, N3 3JL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Computer equipment
25% reducing balance
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Bezalel Gems Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
918 
51,237 
333 
52,488 
At 31 December 2024
918 
51,237 
333 
52,488 
Depreciation
At 1 January 2024
- 
51,131 
145 
51,276 
Charge for the year
- 
26 
47 
73 
At 31 December 2024
- 
51,157 
192 
51,349 
Net book value
At 31 December 2024
918 
80 
141 
1,139 
At 31 December 2023
918 
106 
188 
1,212 
5
Inventories
2024 
2023 
£ 
£ 
Finished goods
269,000 
300,000 
269,000 
300,000 
Certain lines of historic stock deemed to be unsaleable, have now been successfully marketed, and reinstated at the lower of cost or net realisable value. As a result, the directors have revalued stock items with a view to continuing to bring to market in subsequent years.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
111,901 
145,524 
Accrued income and prepayments
5,019 
7,600 
Other debtors
25 
25 
116,945 
153,149 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,789 
13,065 
Trade creditors
1,876 
883 
Taxes and social security
(9,741)
10,484 
Other creditors
9,918 
9,918 
Loans from directors
(1,634)
3,627 
Accruals
4,410 
4,200 
9,618 
42,177 
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Bezalel Gems Limited Notes to the Accounts for the year ended 31 December 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Trade creditors
288,093 
288,093 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
180 Ordinary shares of £1 each
180 
180 
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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