Alpha Gems (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02453589 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

ALPHA GEMS (UK) LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R Haruni

REGISTERED OFFICE:

39 Greville Street

London

EC1N 8PJ

REGISTERED NUMBER:

02453589 (England and Wales)

ACCOUNTANTS:

Raffingers LLP

Chartered Certified Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Tangible assets

4

-

51

CURRENT ASSETS

Debtors

251,826

250,274

Cash at bank

13,411

308

265,237

250,582

CREDITORS

Amounts falling due within one year

249,710

234,082

NET CURRENT ASSETS

15,527

16,500

TOTAL ASSETS LESS CURRENT LIABILITIES

15,527

16,551

CREDITORS

Amounts falling due after more than one year

2,182

4,789

NET ASSETS

13,345

11,762

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

13,245

11,662

SHAREHOLDERS' FUNDS

13,345

11,762

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 June 2020 and were signed by:

Mr R Haruni - Director

1.	STATUTORY INFORMATION

Alpha Gems (UK) Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These accounts have been prepared on a going concern basis as it retains the full support of the shareholders and

directors.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of

exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the

transactions. All differences are taken to the Profit and Loss account.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising

from impairment are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2018

8,159

Disposals

(8,159

)

At 30 September 2019

-

DEPRECIATION

At 1 October 2018

8,108

Eliminated on disposal

(8,108

)

At 30 September 2019

-

NET BOOK VALUE

At 30 September 2019

-

At 30 September 2018

51

5.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank loans

5,240

7,847

The bank loan is secured over the company's assets.

6.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed International Gemstones Limited £193,713 (2018 - £162,613).

At the balance sheet date the company was owed £14,690 (2018 - £14,690) by Haruni Brothers Limited and

£5,619 (2018 - £5,619) by Limecroft Haulage Limited.

All of the above companies are related by virtue of a common director, Mr R Haruni.