London Jewellers Ltd Accounts






London Jewellers Ltd

	Company No. 11868212
		Information for Filing with The Registrar
		31 March 2025

The Director presents his report and the accounts for the year ended 31 March 2025.

Principal activities
The principal activity of the company during the year under review was retail sale of jewellery .




Director

The Director who served at any time during the year was as follows:

A. WASEEM









































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

A. WASEEM
Director
31 March 2025

at	31 March 2025
Company No.		11868212	Notes	2025	2024
				£	£
Fixed assets

	Tangible assets		5	69,003	78,063


				69,003	78,063
Current assets
	Stocks		6	500,805	175,020
	Debtors		7	444,219	131,360

	Cash at bank and in hand			13,808	57,629
				958,832	364,009
Creditors: Amount falling due within one year			8	(904,233)	(341,754)
Net current assets				54,599	22,255
Total assets less current liabilities				123,602	100,318
Creditors: Amounts falling due after more than one year			9	(12,323)	(22,823)



Net assets				111,279	77,495

Capital and reserves
	Called up share capital			1	1



	Profit and loss account		10	111,278	77,494

Total equity				111,279	77,495



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 March 2025 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 31 March 2025 and signed on its behalf by:
A. WASEEM
Director
31 March 2025

for the year ended 31 March 2025

General information

London Jewellers Ltd is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 11868212

Its registered office is:

130 The Broadway

Southall

UB1 1QN

The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

25% Straight line

Motor vehicles

10% Straight line

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	2	4

4	Taxation
		(a) Tax on profit on ordinary activities	2025	2024
		The tax charge is made up as follows:	£	£
		UK corporation tax
		Charge for the period	8,976	7,198

		Total corporation tax	8,976	7,198





		Tax on profit on ordinary activities	8,976	7,198

		(b) Factors affecting the total tax charge for the period
		The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The differences are reconciled below:
		Higher	2025	2024
		8976	£	£
		Profit on ordinary activities before tax	42,760	30,563



		Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom	-	-
		Expenses not deductible for tax purposes	8,976	7,198




		Tax on profit on ordinary activities	8,976	7,198

5	Tangible fixed assets
			Plant and machinery	Motor vehicles	Total
			£	£	£
		Cost or revaluation
		At 1 April 2024	30,400	81,175	111,575
		Additions	999	-	999



		At 31 March 2025	31,399	81,175	112,574
		Depreciation
		At 1 April 2024	27,424	6,088	33,512
		Charge for the year	1,941	8,118	10,059



		At 31 March 2025	29,365	14,206	43,571
		Net book values
		At 31 March 2025	2,034	66,969	69,003
		At 31 March 2024	2,976	75,087	78,063

6	Stocks
			2025	2024
			£	£


		Finished goods	500,805	175,020
			500,805	175,020

7	Debtors
			2025	2024
			£	£
		Trade debtors	272,859	-
		Amounts owed by group undertakings	171,360	131,360






			444,219	131,360

8	Creditors:
		amounts falling due within one year
			2025	2024
			£	£

		Bank loans and overdrafts	-	571
		Other loans	-	23,000
		Obligations under finance lease and hire purchase contracts	32,222	42,133
		Trade creditors	626,313	207,605

		Taxes and social security	31,499	21,963
		Loans from directors	212,605	39,888
		Other creditors	1	5,000
		Accruals and deferred income	1,593	1,594
			904,233	341,754

9	Creditors:
		amounts falling due after more than one year
			2025	2024
			£	£

		Bank loans and overdrafts	12,323	22,823






			12,323	22,823

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.