DURGA JEWELLERS LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02614106

DURGA JEWELLERS LTD

Filleted Unaudited Financial Statements

31 October 2024

DURGA JEWELLERS LTD

Financial Statements

Year ended 31 October 2024

Contents	Page

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

DURGA JEWELLERS LTD

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of DURGA JEWELLERS LTD

Year ended 31 October 2024

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 October 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

VAGHELA & CO. (SERVICES) LTD. Chartered Certified Accountants

P.O. Box 10901 Birmingham B1 1ZQ

30 October 2025

DURGA JEWELLERS LTD

Statement of Financial Position

31 October 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Tangible assets	6		189		222

Current assets

Stocks	7	120,917	109,707
Debtors	8	2,517	1,565
Cash at bank and in hand		142,798	149,569
		---------	---------
		266,232	260,841

Creditors: amounts falling due within one year	9	165,311		142,167
		---------		---------
Net current assets			100,921		118,674
			---------		---------
Total assets less current liabilities			101,110		118,896
			---------		---------

Capital and reserves

Called up share capital	10	15,000	15,000
Profit and loss account		86,110	103,896
		---------	---------
Shareholders funds		101,110	118,896
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

DURGA JEWELLERS LTD

Statement of Financial Position (continued)

31 October 2024

These financial statements were approved by the board of directors and authorised for issue on 30 October 2025 , and are signed on behalf of the board by:

Mr. D. Ranpara

Director

Company registration number: 02614106

DURGA JEWELLERS LTD

Notes to the Financial Statements

Year ended 31 October 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Clark's Courtyard, 145 Granville Street, Birmingham, B1 1SB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixture & fittings	-	15% reducing balance
Property alteration	-	10% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).

5. Dividends

Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):

	2024	2023
	£	£
Dividends on equity shares	1,500	6,000
	-------	-------

6. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 November 2023 and 31 October 2024	84,325	77,402	161,727
	--------	--------	---------
Depreciation
At 1 November 2023	84,103	77,402	161,505
Charge for the year	33	–	33
	--------	--------	---------
At 31 October 2024	84,136	77,402	161,538
	--------	--------	---------
Carrying amount
At 31 October 2024	189	–	189
	--------	--------	---------
At 31 October 2023	222	–	222
	--------	--------	---------

7. Stocks

	2024	2023
	£	£
Raw materials and consumables	120,917	109,707
	---------	---------

8. Debtors

	2024	2023
	£	£
Other debtors	2,517	1,565
	-------	-------

9. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	2,161	–
Social security and other taxes	351	271
Other creditors	162,799	141,896
	---------	---------
	165,311	142,167
	---------	---------

10. Called up share capital

Authorised share capital

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	15,000	15,000	15,000	15,000
	--------	--------	--------	--------

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	15,000	15,000	15,000	15,000
	--------	--------	--------	--------

11. Directors' advances, credits and guarantees

At 31st October 2024, other creditors include the following amounts due to the directors:- Mr D. & Mr N. Ranpara £162,799 (2023 - £141,896) The loans are interest free and repayable on demand

12. Related party transactions

The company occupied premises owned by the directors during period under review, it has been agreed that no rent will be charged.