REGISTERED NUMBER: 09093884 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

KIRAN JEWELLERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P S Paul

REGISTERED OFFICE:

Harpal House

14 Holyhead Road

Handsworth

Birmingham

West Midlands

B21 0LT

REGISTERED NUMBER:

09093884 (England and Wales)

FIXED ASSETS

Tangible assets

4

31,453

31,896

CURRENT ASSETS

Stocks

5

227,438

246,894

Debtors

6

-

12,537

Cash at bank and in hand

3,307

2,296

230,745

261,727

CREDITORS

Amounts falling due within one year

7

172,396

204,141

NET CURRENT ASSETS

58,349

57,586

TOTAL ASSETS LESS CURRENT LIABILITIES

89,802

89,482

CREDITORS

Amounts falling due after more than one year

8

16,715

26,697

NET ASSETS

73,087

62,785

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

11

72,087

61,785

SHAREHOLDERS' FUNDS

73,087

62,785

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2025 and were signed by:

P S Paul - Director

1.	STATUTORY INFORMATION

Kiran Jewellers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 October 2023

56,662

7,433

64,095

Additions

87

3,425

3,512

At 30 September 2024

56,749

10,858

67,607

DEPRECIATION

At 1 October 2023

29,614

2,585

32,199

Charge for year

2,714

1,241

3,955

At 30 September 2024

32,328

3,826

36,154

NET BOOK VALUE

At 30 September 2024

24,421

7,032

31,453

At 30 September 2023

27,048

4,848

31,896

5.

STOCKS

30/9/24

30/9/23

£

£

Stocks

227,438

246,894

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/24

30/9/23

£

£

VAT

-

12,537

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/24

30/9/23

£

£

Trade creditors

155,096

162,253

Tax

3,524

3,891

VAT

1,513

-

Other creditors

6,300

21,000

Directors' current accounts

4,288

15,397

Accrued expenses

1,675

1,600

172,396

204,141

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/9/24

30/9/23

£

£

Bank loans (see note 9)

16,715

26,697

9.

LOANS

An analysis of the maturity of loans is given below:

30/9/24

30/9/23

£

£

Amounts falling due between two and five years:

Bounce Back Loan

16,715

26,697

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/9/24

30/9/23

value:

£

£

1,000

Ordinary

£1

1,000

1,000

11.

RESERVES

Retained

earnings

£

At 1 October 2023

61,785

Profit for the year

10,302

At 30 September 2024

72,087