Registration number: 05675737

M.N.P. Gems Ltd

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 5

M.N.P. Gems Ltd

Company Information

Directors

Mr Mukesh Desai Mrs Bhavna Desai Mr Prashant Desai

Registered office

74 Great Hampton Street Hockley Birmingham West Midlands B18 6EW

Accountants

Bentley Accountancy Limited Biz Hub Coxwold Way Belasis Hall Technology Park Billingham TS23 4EA

M.N.P. Gems Ltd

(Registration number: 05675737)
Abridged Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	3	29,925	36,933
Current assets
Stocks		750,000	675,000
Debtors		77,215	136,507
Cash at bank and in hand		51,591	12,663
		878,806	824,170
Prepayments and accrued income		1,425	1,425
Creditors: Amounts falling due within one year		(644,255)	(564,588)
Net current assets		235,976	261,007
Total assets less current liabilities		265,901	297,940
Creditors: Amounts falling due after more than one year		(7,932)	(21,803)
Accruals and deferred income		(1,900)	(1,900)
Net assets		256,069	274,237
Capital and reserves
Called up share capital	4	100	100
Retained earnings		255,969	274,137
Shareholders' funds		256,069	274,237

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

M.N.P. Gems Ltd

(Registration number: 05675737)
Abridged Balance Sheet as at 31 December 2024

Approved and authorised by the Board on 29 September 2025 and signed on its behalf by:
 

.........................................

Mr Prashant Desai

Director

M.N.P. Gems Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Furniture and fittings	15% reducing balance
Computer equipment	25% reducing balance
Motor vehicles	20% reducing balance

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, was amortised evenly over its estimated useful life of ten years.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

M.N.P. Gems Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

3	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2024	20,336	54,953	2,590	77,879
Additions	1,186	-	-	1,186
At 31 December 2024	21,522	54,953	2,590	79,065
Depreciation
At 1 January 2024	14,851	23,684	2,411	40,946
Charge for the year	1,896	6,254	44	8,194
At 31 December 2024	16,747	29,938	2,455	49,140
Carrying amount
At 31 December 2024	4,775	25,015	135	29,925
At 31 December 2023	5,485	31,269	179	36,933

4	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary Shares of £1 each	100	100	100	100