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
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
Bezalel Gems Limited
Statement of financial position
as at 31 December 2024
Tangible assets
1,139
1,212
Inventories
269,000
300,000
Cash at bank and in hand
152,429
273,334
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
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
Bezalel Gems Limited
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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
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
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
At 31 December 2024
918
80
141
1,139
At 31 December 2023
918
106
188
1,212
Finished goods
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.
Amounts falling due within one year
Trade debtors
111,901
145,524
Accrued income and prepayments
5,019
7,600
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
(9,741)
10,484
Other creditors
9,918
9,918
Loans from directors
(1,634)
3,627
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
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).