1 January 2024 false No description of principal activity Taxfiler 2024.6 08663859business:PrivateLimitedCompanyLtd2024-01-012024-12-31 086638592023-12-31 086638592024-01-012024-12-31 08663859business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 08663859business:FilletedAccounts2024-01-012024-12-31 086638592024-12-31 08663859business:Director12024-01-012024-12-31 08663859business:Director22024-01-012024-12-31 08663859business:RegisteredOffice2024-01-012024-12-31 086638592023-12-31 08663859core:WithinOneYear2024-12-31 08663859core:WithinOneYear2023-12-31 08663859core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 08663859core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 08663859core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 08663859core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 08663859core:PreviouslyStatedAmount2024-12-31 08663859core:PreviouslyStatedAmount2023-12-31 08663859business:SmallEntities2024-01-012024-12-31 08663859countries:EnglandWales2024-01-012024-12-31 08663859core:IntangibleAssetsOtherThanGoodwill2023-12-31 08663859core:IntangibleAssetsOtherThanGoodwill2024-12-31 08663859core:PlantMachinery2023-12-31 08663859core:PlantMachinery2024-12-31 08663859core:PlantMachinery2024-01-012024-12-31 086638592023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 08663859 (England and Wales)
Patani Jewellers Limited Unaudited accounts for the year ended 31 December 2024
Patani Jewellers Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Patani Jewellers Limited Company Information for the year ended 31 December 2024
Directors
Mrs Nirmala PATANI Mr Manoj Kakubhai PATANI
Company Number
08663859 (England and Wales)
Registered Office
53A Belgrave Road Leicester Leicestershire LE4 6AS England
Accountants
BGS Accounting Limited 75 Exploration Drive Leicester LE4 5NU
- 3 -
Patani Jewellers Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5
996 
1,328 
Current assets
Inventories
1,066,657 
1,034,097 
Cash at bank and in hand
143,568 
121,652 
1,210,225 
1,155,749 
Creditors: amounts falling due within one year
6
(494,869)
(525,847)
Net current assets
715,356 
629,902 
Total assets less current liabilities
716,352 
631,230 
Provisions for liabilities
Deferred tax
(245)
(245)
Net assets
716,107 
630,985 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
716,105 
630,983 
Shareholders' funds
716,107 
630,985 
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 29 September 2025 and were signed on its behalf by
Mr Manoj Kakubhai PATANI Director Company Registration No. 08663859
- 4 -
Patani Jewellers Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Patani Jewellers Limited is a private company, limited by shares, registered in England and Wales, registration number 08663859. The registered office is 53A Belgrave Road, Leicester, Leicestershire, LE4 6AS, 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.
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
300,000 
At 31 December 2024
300,000 
Amortisation
At 1 January 2024
300,000 
At 31 December 2024
300,000 
Net book value
At 31 December 2024
- 
- 5 -
Patani Jewellers Limited Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2024
9,234 
At 31 December 2024
9,234 
Depreciation
At 1 January 2024
7,906 
Charge for the year
332 
At 31 December 2024
8,238 
Net book value
At 31 December 2024
996 
At 31 December 2023
1,328 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
14,428 
25,076 
VAT
69,428 
46,822 
Trade creditors
(1,210)
865 
Taxes and social security
26,680 
57,235 
Other creditors
331 
2,663 
Loans from directors
385,212 
393,186 
494,869 
525,847 
7
Average number of employees
During the year the average number of employees was 9 (2023: 9).
- 6 -