Shamail Gold Ltd Accounts






Shamail Gold Ltd

	Company No. 08139734
		Information for Filing with The Registrar
		31 October 2025

The Director presents her report and the accounts for the year ended 31 October 2025.

Principal activities
The principal activity of the company during the year under review was Jewellers.




Director

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

N.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

N.A. Waseem
Director
14 August 2026

at	31 October 2025
Company No.		08139734	Notes	2025	2024
				£	£
Fixed assets

	Tangible assets		5	165,873	179,293


				165,873	179,293
Current assets
	Stocks		6	317,580	318,035
	Debtors		7	229,322	311,976

	Cash at bank and in hand			8,387	22,728
				555,289	652,739
Creditors: Amount falling due within one year			8	(530,541)	(582,168)
Net current assets				24,748	70,571
Total assets less current liabilities				190,621	249,864
Creditors: Amounts falling due after more than one year			9	(13,353)	(17,864)



Net assets				177,268	232,000

Capital and reserves
	Called up share capital			10	10



	Profit and loss account		10	177,258	231,990

Total equity				177,268	232,000



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 October 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 14 August 2026 and signed on its behalf by:
N.A. Waseem
Director
14 August 2026

for the year ended 31 October 2025

General information

Shamail Gold Ltd is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 08139734

Its registered office is:

131 Beaconsfield Road

Southall

UB1 1BZ

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

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced
for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is
passed.

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

18% 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:	5	8

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	21,230	3,768
		Charge for prior periods	-	(9,865)
		Total corporation tax	21,230	(6,097)





		Tax on profit on ordinary activities	21,230	(6,097)

		(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
		7645	£	£
		Profit on ordinary activities before tax	71,498	100,942

		Standard rate of corporation tax in the United Kingdom	19%	19%

		Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom	13,585	19,179
		Expenses not deductible for tax purposes	7,645	(15,411)
		Adjustments to charge in respect of prior periods	-	(9,865)



		Tax on profit on ordinary activities	21,230	(6,097)

5	Tangible fixed assets
			Plant and machinery	Motor vehicles	Total
			£	£	£
		Cost or revaluation
		At 1 November 2024	102,759	179,954	282,713




		At 31 October 2025	102,759	179,954	282,713
		Depreciation
		At 1 November 2024	88,449	14,971	103,420
		Charge for the year	3,841	9,579	13,420



		At 31 October 2025	92,290	24,550	116,840
		Net book values
		At 31 October 2025	10,469	155,404	165,873
		At 31 October 2024	14,310	164,983	179,293

6	Stocks
			2025	2024
			£	£


		Finished goods	317,580	318,035
			317,580	318,035

7	Debtors
			2025	2024
			£	£
		Trade debtors	204,608	309,665





		Other debtors	22,403	-
		Prepayments and accrued income	2,311	2,311
			229,322	311,976

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

		Bank loans and overdrafts	7,472	18,147
		Other loans	11,500	11,500
		Obligations under finance lease and hire purchase contracts	116,755	152,918
		Trade creditors	225,909	226,963
		Amounts owed to group undertakings	18,860	18,860
		Taxes and social security	28,611	37,230
		Loans from directors	45,336	27,436
		Other creditors	73,297	68,313
		Accruals and deferred income	2,801	20,801
			530,541	582,168

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

		Bank loans and overdrafts	13,353	17,864






			13,353	17,864

Reserves

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

11	Dividends
			2025	2024
			£	£
		Dividends for the period:
		Dividends paid in the period	105,000	67,000

			105,000	67,000

		Dividends by type:

		Equity dividends	105,000	67,000
			105,000	67,000