Precious Goods Ltd

Precious Goods Ltd
Contents Page
For the year ended 31 July 2025

Statement of financial position	1
Notes to the financial statements	2

Precious Goods Ltd
Statement of Financial Position
As at 31 July 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	3,500	3,500
		3,500	3,500
Current assets
Stocks		8,500	8,500
Debtors		(16,350)	(9,035)
Cash at bank and in hand		124,909	119,646
		117,059	119,111
Creditors: amount falling due within one year		(122,511)	(61,514)
Net current assets		(5,452)	57,597

Total assets less current liabilities		(1,952)	61,097
Net assets		(1,952)	61,097

Capital and reserves
Called up share capital		100	100
Profit and loss account		(2,052)	60,997
Shareholders' funds		(1,952)	61,097

For the year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 25 April 2026 and were signed by:

-------------------------------
AKBAR KHAN
Director

1

Precious Goods Ltd
Notes to the Abridged Financial Statements
For the year ended 31 July 2025

General Information

Precious Goods Ltd is a private company, limited by shares, registered in England and Wales, registration number 11473498, registration address 23 Weatherby Road, Luton, England, England,, United kingdom, LU4 8QS.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

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

2.	Average number of employees Average number of employees during the year was 2 (2024 : 1).

3.

Tangible fixed assets

Cost or valuation	Motor Vehicles	Total
	£	£
At 01 August 2024	3,500	3,500
Additions	-	-
Disposals	-	-
At 31 July 2025	3,500	3,500
Depreciation
At 01 August 2024	-	-
Charge for year	-	-
On disposals	-	-
At 31 July 2025	-	-
Net book values
Closing balance as at 31 July 2025	3,500	3,500
Opening balance as at 01 August 2024	3,500	3,500

2

Registered Number: 11473498
England and Wales
PRECIOUS GOODS LTD

Abridged Accounts

Period of accounts Start date: 01 August 2024 End date: 31 July 2025