| Buy Fine Diamonds.Com Ltd |
| Registered number: |
05330181 |
| Balance Sheet |
| as at 31 March 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
2,876 |
|
|
2,715 |
| Investments |
4 |
|
|
2,000 |
|
|
2,000 |
|
|
|
|
4,876 |
|
|
4,715 |
|
| Current assets |
| Stocks |
|
|
1,321,166 |
|
|
881,374 |
| Debtors |
5 |
|
430,915 |
|
|
234,356 |
| Cash at bank and in hand |
|
|
218,968 |
|
|
272,281 |
|
|
|
1,971,049 |
|
|
1,388,011 |
|
| Creditors: amounts falling due within one year |
6 |
|
(800,417) |
|
|
(407,023) |
|
| Net current assets |
|
|
|
1,170,632 |
|
|
980,988 |
|
| Total assets less current liabilities |
|
|
|
1,175,508 |
|
|
985,703 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
- |
|
|
(6,667) |
|
|
|
| Net assets |
|
|
|
1,175,508 |
|
|
979,036 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
1,175,408 |
|
|
978,936 |
|
| Shareholder's funds |
|
|
|
1,175,508 |
|
|
979,036 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| 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. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
| Mr R Shah |
| Director |
| Approved by the board on 6 October 2026 |
|
| Buy Fine Diamonds.Com Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised when the service is completed. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
20% straight line |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
|
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
10 |
|
9 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 April 2025 |
62,731 |
|
Additions |
1,333 |
|
At 31 March 2026 |
64,064 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2025 |
60,016 |
|
Charge for the year |
1,172 |
|
At 31 March 2026 |
61,188 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2026 |
2,876 |
|
At 31 March 2025 |
2,715 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Investments |
|
|
| Investments |
| £ |
|
Cost |
|
At 1 April 2025 |
2,000 |
|
|
At 31 March 2026 |
2,000 |
|
|
|
|
| 5 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade debtors |
284,599 |
|
86,770 |
|
Other debtors |
146,316 |
|
147,586 |
|
|
|
|
|
|
430,915 |
|
234,356 |
|
|
|
|
|
|
|
|
|
|
Amounts due after more than one year included above |
126,000 |
|
125,000 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loan |
6,667 |
|
20,000 |
|
Trade creditors |
502,232 |
|
96,630 |
|
Taxation and social security costs |
81,492 |
|
121,897 |
|
Other creditors |
210,026 |
|
168,496 |
|
|
|
|
|
|
800,417 |
|
407,023 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loan |
- |
|
6,667 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other financial commitments |
2026 |
|
2025 |
| £ |
£ |
|
|
Total future minimum payments under non-cancellable operating leases |
|
115,654 |
|
183,052 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Controlling party |
|
|
The company is under the control of Mr R Shah, a director and a sole shareholder of the company. |
|
|
| 10 |
Other information |
|
|
Buy Fine Diamonds.Com Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Suite 7 |
|
88-90 Hatton Garden |
|
London |
|
EC1N 8PN |