Company Registration No. 10397619 (England and Wales)
Sanam Jewellers Ltd
Unaudited accounts
for the year ended 30 September 2024
Sanam Jewellers Ltd
Unaudited accounts
Contents
Sanam Jewellers Ltd
Company Information
for the year ended 30 September 2024
Company Number
10397619 (England and Wales)
Registered Office
3rd Floor Vyman House
104 College Road
Harrow
Middlesex
HA1 1BQ
Accountants
RMR Partnership LLP
3rd Floor, Vyman House
104 College Road
Harrow
Middlesex
HA1 1BQ
Sanam Jewellers Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
43,939
45,433
Inventories
879,000
902,790
Cash at bank and in hand
31,951
4,625
Creditors: amounts falling due within one year
(755,498)
(757,664)
Net current assets
155,453
149,751
Total assets less current liabilities
199,392
195,184
Creditors: amounts falling due after more than one year
(5,233)
(13,082)
Net assets
194,159
182,102
Called up share capital
100
100
Profit and loss account
194,059
182,002
Shareholders' funds
194,159
182,102
For the year ending 30 September 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 director acknowledges his 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 and authorised for issue on 30 April 2025 and were signed on its behalf by
Khalid Ishfaq
Director
Company Registration No. 10397619
Sanam Jewellers Ltd
Notes to the Accounts
for the year ended 30 September 2024
Sanam Jewellers Ltd is a private company, limited by shares, registered in England and Wales, registration number 10397619. The registered office is 3rd Floor Vyman House, 104 College Road, Harrow, Middlesex, HA1 1BQ.
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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
20% as per reducing balance method
Computer equipment
20% as per reducing balance method
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Sanam Jewellers Ltd
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
39,320
21,045
2,931
63,296
At 30 September 2024
39,320
30,145
2,931
72,396
At 1 October 2023
7,864
8,171
1,828
17,863
Charge for the year
6,291
4,082
221
10,594
At 30 September 2024
14,155
12,253
2,049
28,457
At 30 September 2024
25,165
17,892
882
43,939
At 30 September 2023
31,456
12,874
1,103
45,433
Finished goods
879,000
902,790
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,295
8,295
Trade creditors
590,146
635,108
Taxes and social security
18,008
2,137
Proposed dividends
48,000
48,000
Other creditors
5,514
4,258
Loans from directors
77,433
50,931
7
Creditors: amounts falling due after more than one year
2024
2023
8
Transactions with related parties
At the balance sheet date the company owed the director £77,433 (2023: £50,931)
9
Average number of employees
During the year the average number of employees was 7 (2023: 7).