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Company Registration No. 04008725 (England and Wales)
Laxmi Jewellers Uk Limited Unaudited accounts for the year ended 31 October 2024
Laxmi Jewellers Uk Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Laxmi Jewellers Uk Limited Company Information for the year ended 31 October 2024
Director
Bobby Verma
Company Number
04008725 (England and Wales)
Registered Office
207 Wednesbury Road Pleck Walsall West Midlands WS1 9QL United Kingdom
Accountants
Younis Bhatti & Co Ltd 93 Broad Street Birmingham West Midlands B15 1AU
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Laxmi Jewellers Uk Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
61,500 
61,500 
Tangible assets
5
13,207 
14,150 
Investment property
6
2,575,779 
2,269,396 
2,650,486 
2,345,046 
Current assets
Inventories
775,250 
798,512 
Debtors
7
1,555,751 
673,681 
Cash at bank and in hand
122,468 
487,320 
2,453,469 
1,959,513 
Creditors: amounts falling due within one year
8
(2,613,215)
(1,806,944)
Net current (liabilities)/assets
(159,746)
152,569 
Total assets less current liabilities
2,490,740 
2,497,615 
Creditors: amounts falling due after more than one year
9
(106,944)
(81,862)
Net assets
2,383,796 
2,415,753 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,383,696 
2,415,653 
Shareholders' funds
2,383,796 
2,415,753 
For the year ending 31 October 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 27 October 2025 and were signed on its behalf by
Bobby Verma Director Company Registration No. 04008725
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Laxmi Jewellers Uk Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Laxmi Jewellers Uk Limited is a private company, limited by shares, registered in England and Wales, registration number 04008725. The registered office is 207 Wednesbury Road, Pleck, Walsall, West Midlands, WS1 9QL, United Kingdom.
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:
Plant & machinery
10%
Fixtures & fittings
10%
Goodwill
It is policy of the company not to amortise goodwill.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 November 2023
7,500 
54,000 
61,500 
At 31 October 2024
7,500 
54,000 
61,500 
Amortisation
At 1 November 2023
- 
- 
- 
At 31 October 2024
- 
- 
- 
Net book value
At 31 October 2024
7,500 
54,000 
61,500 
At 31 October 2023
7,500 
54,000 
61,500 
- 5 -
Laxmi Jewellers Uk Limited Notes to the Accounts for the year ended 31 October 2024
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
18,429 
36,047 
54,476 
Additions
- 
905 
905 
At 31 October 2024
18,429 
36,952 
55,381 
Depreciation
At 1 November 2023
18,428 
21,898 
40,326 
Charge for the year
- 
1,848 
1,848 
At 31 October 2024
18,428 
23,746 
42,174 
Net book value
At 31 October 2024
1 
13,206 
13,207 
At 31 October 2023
1 
14,149 
14,150 
6
Investment property
2024 
£ 
Fair value at 1 November 2023
2,269,396 
Additions
306,383 
At 31 October 2024
2,575,779 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,434,615 
552,545 
Accrued income and prepayments
200 
200 
Other debtors
120,936 
120,936 
1,555,751 
673,681 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,156,260 
1,532,096 
VAT
32,535 
31,707 
Trade creditors
281,133 
149,163 
Taxes and social security
89,335 
40,026 
Other creditors
53,952 
53,952 
2,613,215 
1,806,944 
- 6 -
Laxmi Jewellers Uk Limited Notes to the Accounts for the year ended 31 October 2024
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,444 
13,793 
Other creditors
6,000 
6,000 
Loans from directors
92,500 
62,069 
106,944 
81,862 
10
Average number of employees
During the year the average number of employees was 6 (2023: 6).
- 7 -