Company Registration No. 08862544 (England and Wales)
Galaxy Diamonds Limited
Unaudited accounts
for the year ended 31 January 2026
Galaxy Diamonds Limited
Unaudited accounts
Contents
Galaxy Diamonds Limited
Company Information
for the year ended 31 January 2026
Director
Mohamed Rifaz MOHAMED RAFEEK
Company Number
08862544 (England and Wales)
Registered Office
99 The Diamond And Jewellery Exchange
Hatton Garden
London
EC1N 8NX
England
Accountants
Accounts Tree LTD
318 Romford Road
LONDON
E7 8BD
Galaxy Diamonds Limited
Statement of financial position
as at 31 January 2026
Inventories
152,340
124,840
Cash at bank and in hand
(7,411)
(738)
Creditors: amounts falling due within one year
(60,034)
(68,338)
Net current assets
112,595
73,264
Total assets less current liabilities
113,182
73,426
Creditors: amounts falling due after more than one year
(156,112)
(122,188)
Net liabilities
(42,930)
(48,762)
Called up share capital
1
1
Profit and loss account
(42,931)
(48,763)
Shareholders' funds
(42,930)
(48,762)
For the year ending 31 January 2026 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 14 September 2026 and were signed on its behalf by
Mohamed Rifaz MOHAMED RAFEEK
Director
Company Registration No. 08862544
Galaxy Diamonds Limited
Notes to the Accounts
for the year ended 31 January 2026
Galaxy Diamonds Limited is a private company, limited by shares, registered in England and Wales, registration number 08862544. The registered office is 99 The Diamond And Jewellery Exchange, Hatton Garden , London, EC1N 8NX, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Accrued income and prepayments
27,700
17,500
Galaxy Diamonds Limited
Notes to the Accounts
for the year ended 31 January 2026
6
Creditors: amounts falling due within one year
2026
2025
Trade creditors
33,186
37,576
Taxes and social security
4,587
611
Other creditors
6,172
1,986
Deferred income
12,940
23,315
7
Creditors: amounts falling due after more than one year
2026
2025
Loans from directors
145,153
104,076
8
Average number of employees
During the year the average number of employees was 4 (2025: 5).