2024-09-01 2025-08-31 14354404 GSV JEWELLERY LIMITED false 14354404 2024-09-01 2025-08-31 14354404 uk-bus:Director1 2024-09-01 2025-08-31 14354404 uk-bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 14354404 uk-bus:SmallEntities 2024-09-01 2025-08-31 14354404 uk-bus:FullAccounts 2024-09-01 2025-08-31 14354404 uk-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 14354404 2024-09-01 14354404 2025-08-31 14354404 2024-08-31 xbrli:pure iso4217:GBP 14354404 2023-09-01 2024-08-31

Company Registration Number : 14354404 (England and Wales)
14354404
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2025-08-31
false
GSV JEWELLERY LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2024-09-01
GSV JEWELLERY LIMITED Unaudited filleted financial statements For the year ended 31 August 2025

GSV JEWELLERY LIMITED Contents For the year ended 31 August 2025

CONTENTS | PAGE
Company Information | 3
Statement of Financial Position | 4
Notes to the Financial Statements | 5 - 6

GSV JEWELLERY LIMITED Company Information For the year ended 31 August 2025

Company registration number |  | 14354404 (England and Wales)
Directors |  | Abraham Berkovits
|  | Rob Davis
|  | Anisha Amrit Kaur Dhody
Registered office address |  | Unit 6, 1st Floor Oak Green Business Park
|  | Cheadle
|  | SK8 6QL

GSV JEWELLERY LIMITED Statement of Financial Position For the year ended 31 August 2025

|  |  | 2025 |  | 2024
| Notes |  | £ |  | £
Fixed assets |  |  |  |  |
Property, plant and equipment |  |  | 8,615 |  | -
| 6 |  | 8,615 |  | -
Current assets |  |  |  |  |
Inventories |  |  | 789,385 |  | 48,015
Debtors |  |  | 71,663 |  | 59,809
Corporation tax receivable |  |  | - |  | -
Cash and cash equivalents |  |  | 20,289 |  | 8,711
|  |  | 881,337 |  | 116,534
Current liabilities |  |  |  |  |
Creditors: Amounts falling due within one year |  |  | (930,804) |  | (111,494)
Corporation tax payable |  |  | - |  | (939)
|  |  | (930,804) |  | (112,433)
Net current (liabilities)/assets |  |  | (49,467) |  | 4,102
Total assets less current liabilities |  |  | (40,852) |  | 4,102
Non-current liabilities |  |  |  |  |
Provisions for liabilities |  |  | (295) |  | -
Net (liabilities)/assets |  |  | (41,148) |  | 4,102
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Retained earnings |  |  | (41,173) |  | 4,002
Shareholder's funds |  |  | (41,148) |  | 4,102
For the year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A. The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
For the year ended 31 August 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared 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.
Approved by the Board on 11 May 2026
.............................
Abraham Berkovits (Director)
Company registration number: 14354404

/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */

Balance sheet at 2025-08-31 31 August 2025
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Fixed Assets |  |  |  | 8,615 |  | 0
Current Assets |  |  |  | 876,695 |  | 116,534
Cash in Hand/Bank |  |  |  | 20,189 |  | 8,611
Prepayments and accrued income |  |  |  | 4,643 |  | 0
Creditors: amounts falling due within one year |  |  |  | (930,804) |  | (112,433)
Net current assets/(liabilities) |  |  |  | (49,467) |  | 4,102
Total assets less current liabilities |  |  |  | (40,852) |  | 4,102
Provisions for liabilities |  |  |  | (295) |  | 0
Net Assets/(liabilities) |  |  |  | (41,148) |  | 4,102
Capital and Reserves |  |  |  | (41,148) |  | 4,102
Called up share capital |  |  |  | 100 |  | 100
Profit and loss account |  |  |  | (41,248) |  | 4,002
SHAREHOLDER'S FUND |  |  |  | (41,148) |  | 4,102
For the year ending 31/08/2025 the company was entitled to exemption 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. For the year ending 31-08-2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year 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 accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 11 May 2026 2026-05-11 and signed on behalf of the board, |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
Abraham Berkovits |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |
Company registration number: 14354404 |  |  |  |  |  |  |  |  |  |

GSV JEWELLERY LIMITED Notes to the Financial Statements For the year ended 31 August 2025

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Unit 6, 1st Floor Oak Green Business Park, Cheadle, SK8 6QL.
(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.
(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Foreign currency
Transactions in foreign currencies other than its functional currency are recorded at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the year-end date are translated at the foreign exchange rate ruling at that date. Foreign exchange differences arising on translation are recognised in the income statement within financial income or expense, as appropriate. Non-monetary assets that are measured in terms of historical cost in foreign currency are translated using the exchange rate at the date of the transaction.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis. Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:
Asset class and depreciation rate
Land and Buildings |
Plant and Machinery |
Short Leasehold Properties |
Investment Properties |
Long Leasehold Properties |
Commercial Vehicles |
Fixtures and Fittings | 25% straight line
Equipment | 25% straight line
Motor Cars |
Inventories
Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.
Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. When a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement 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 current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
(4) Critical accounting judgements and key sources of estimation uncertainty
Trade and other receivables
The total carrying amount of trade and other receivables are net of impairment losses after giving consideration to past experience of collecting payments, the number of delayed payments in the portfolio, as well as observable changes in national or local economic conditions. A different assessment of these considerations may result in different values being determined.
(5) Employees
During the year, the average number of employees including director was 4 (2024 : 2).
(6) Fixed assets
| Tangible £
Cost |
Additions | 11,097
As at 31 August 2025 | 11,097
Depreciation/Amortisation |
For the year | 2,483
As at 31 August 2025 | 2,483
Net book value |
As at 31 August 2025 | 8,614
As at 31 August 2024 | -