Company registration number:
9979617
Maha Jewellers
Trading as
Rathy Jewellers
Unaudited filleted abridged financial statements
28 February 2022
Maha Jewellers
Contents
Abridged statement of financial position
Notes to the financial statements
Maha Jewellers
Abridged statement of financial position
28 February 2022
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2022
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2021
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Note
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£
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£
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£
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£
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Fixed assets
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Intangible assets
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10
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90,736
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90,736
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Tangible assets
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11
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39,278
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33,191
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_______
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_______
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130,014
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123,927
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Current assets
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Stocks
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12
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698,111
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648,111
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Debtors
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13
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58,591
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64,392
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Cash at bank and in hand
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432,374
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545,140
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_______
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_______
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1,189,076
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1,257,643
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Creditors: amounts falling due
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within one year
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14
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(
822,058)
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(
769,477)
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_______
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_______
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Net current assets
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367,018
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488,166
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_______
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_______
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Total assets less current liabilities
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497,032
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612,093
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Creditors: amounts falling due
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after more than one year
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-
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(
202,000)
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_______
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_______
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Net assets
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497,032
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410,093
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_______
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_______
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Capital and reserves
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Called up share capital
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15
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100
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100
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Profit and loss account
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496,932
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409,993
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_______
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_______
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Shareholders funds
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497,032
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410,093
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_______
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_______
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For the year ending 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question 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 financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged income statement has not been delivered.
All of the members have consented to the preparation of the abridged income statement and the abridged statement of financial position for the current year ending 28 February 2022 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the
board of directors
and authorised for issue on
23 May 2022
, and are signed on behalf of the board by:
Tharsika Mahalingam
Director
Company registration number:
9979617
Maha Jewellers
Notes to the financial statements
Year ended 28 February 2022
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Maha Jewellers Ltd, Unit 6 Plaza Parade, 29 - 33 Ealing Road, Wembley, Middlesex, HA0 4YA.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
4.
Operating profit
Operating profit is stated after charging/(crediting):
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2022
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2021
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£
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£
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Depreciation of tangible assets
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8,622
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7,286
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_______
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_______
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5.
Employee numbers
The average number of persons employed by the company during the year amounted to
6
(2021:
5
).
6.
Directors remuneration
The directors aggregate remuneration in respect of qualifying services was:
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2022
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2021
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£
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£
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Remuneration
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18,131
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15,977
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_______
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_______
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7.
Profit before taxation
Profit before taxation is stated after charging/(crediting):
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2022
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2021
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£
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£
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Depreciation of tangible assets
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8,622
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7,286
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_______
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_______
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8.
Tax on profit
Major components of tax expense
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2022
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2021
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£
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£
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Current tax:
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UK current tax expense
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23,930
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24,004
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_______
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_______
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Tax on profit
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23,930
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24,004
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_______
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_______
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9.
Dividends
Equity dividends
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2022
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2021
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£
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£
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Dividends paid during the year (excluding those for which a liability existed at the end of the prior year)
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15,000
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10,000
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_______
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_______
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10.
Intangible assets
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£
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Cost
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At 1 March 2021 and 28 February 2022
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90,736
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_______
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Amortisation
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At 1 March 2021 and 28 February 2022
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-
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_______
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Carrying amount
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At 28 February 2022
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90,736
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_______
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At 28 February 2021
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90,736
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_______
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13.
Debtors
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2022
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2021
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£
|
£
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Other debtors
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58,591
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64,392
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_______
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_______
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14.
Creditors: amounts falling due within one year
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2022
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2021
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£
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£
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Corporation tax
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23,930
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43,319
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Social security and other taxes
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4,423
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2,360
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Other creditors
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793,705
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723,798
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_______
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_______
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822,058
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769,477
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_______
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_______
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15.
Called up share capital
Issued, called up and fully paid
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2022
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2021
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No
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£
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No
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£
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Ordinary
shares of £
1.00 each
|
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100
|
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100
|
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100
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100
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_______
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_______
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_______
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_______
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