Verigold Jewellery (UK) Limited in London, N12 8PY

Description

Data updated on: 01-11-2023

Registered with number 06938895 fifteen years ago, Verigold Jewellery (UK) Limited was set up as a Private Limited Company. The company's present registration address is 2b Avenue Road, London. This enterprise's Standard Industrial Classification Code is 82990 and has the NACE code: Other business support service activities not elsewhere classified. Verigold Jewellery (UK) Ltd released its latest accounts for the period up to Thu, 31st Mar 2022. The company's most recent annual confirmation statement was released on Mon, 19th Jun 2023.

The limited company owes its achievements and unending improvement to a group of three directors, namely Michael C., Dhruv D. and Sumit S., who have been in the company for 4 years.

The companies with significant control over this firm are: Renaissance Global Limited owns over 3/4 of company shares and has 3/4 to full of voting rights. This business can be reached in Mumbai at Seepz, Andheri (East), 400096 and was registered as a PSC under the reg no L36911mh1989plc05449.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2014-03-31	2015-03-31	2016-03-31	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency
Net Worth	290 426	362 426

Balance Sheet
Cash Bank On Hand			303 067	796 477	950 012	206 501	286 014	207 205	425 353	780 981
Current Assets	3 119 784	2 939 331		4 859 711	4 426 539	2 174 105	2 033 125	3 749 111	4 028 462	3 185 699
Debtors	1 610 938	1 655 678	1 732 727	2 288 877	2 175 652	1 084 010	1 430 723	3 187 151	3 170 632	2 112 832
Net Assets Liabilities				646 483	1 101 944	1 647 314	1 654 637	1 797 244	2 024 559	2 167 929
Other Debtors	3 975	185 191	124 364	135 056	17 250	32 588	28 313	43 413	46 657	55 844
Property Plant Equipment			17 173	18 606	14 928	5 147	1 905	16 778	15 983	4 177
Total Inventories			949 458	1 774 357	1 300 875	883 594	316 388	354 755	432 477
Cash Bank In Hand	402 897	203 862
Stocks Inventory	1 105 949	1 079 791
Tangible Fixed Assets	5 482	18 329
Trade Debtors	1 560 329	1 436 626

Capital & Reserves
Called Up Share Capital	450 000	450 000
Profit Loss Account Reserve	-159 574	-87 574
Shareholder Funds	290 426	362 426

Other Financial Data
Audit Fees Expenses	6 751		11 349	10 000	12 500	10 000	10 750	15 500	16 500	21 000
Accrued Liabilities Deferred Income			55 606	10 000	13 559	26 910	24 153	33 283	37 675	22 609
Accumulated Depreciation Impairment Property Plant Equipment			21 656	33 414	45 725	56 216	61 967	63 589	68 967	64 967
Additions Other Than Through Business Combinations Property Plant Equipment				13 190	8 634	1 038	2 509	16 495	4 583	689
Administrative Expenses	299 746	446 412	475 357	811 623	853 985	767 808	531 125	484 493	675 204	981 876
Amounts Owed By Group Undertakings						203 558	5 387
Amounts Owed To Group Undertakings			2 285 504	3 324 479	2 865 740	313 726	339 625	1 816 859	1 788 370	871 589
Average Number Employees During Period			7	10	10	8	8	7	7	8
Bank Borrowings								50 000	42 095	32 390
Bank Borrowings Overdrafts								50 000	42 095	22 684
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment			87 575
Cash Cash Equivalents Cash Flow Value				796 477	950 012	206 501	286 014	207 205	425 353	780 981
Cash Receipts From Repayment Other Loans Advances Classified As Investing Activities								28 800		6 869
Cash Receipts From Sales Interests In Associates								28 800
Comprehensive Income Expense			123 711	160 347
Corporation Tax Payable			17 118	46 347	104 735	130 852	4 952	33 571	53 295	36 891
Cost Sales	3 687 031	7 237 021	7 421 234	9 584 256	11 139 905	4 367 755	3 914 935	4 368 763	5 641 953	2 883 927
Creditors			2 516 289	4 228 113	3 336 687	530 960	380 031	50 000	42 095	22 684
Current Tax For Period			17 118	46 347	104 735	130 852	4 952	33 571	53 295	36 891
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences			16 282	3 721	-885	-1 858	-616	-120	26	777
Depreciation Expense Property Plant Equipment			8 589	11 757	12 311	10 819	5 751	1 622	5 378
Depreciation Impairment Expense Property Plant Equipment					12 312	10 819	5 751	1 622	5 378	5 626
Distribution Costs	2 573	78 802	16 199	24 881	46 947	18 407	-1 415	965	54 023	117 953
Finished Goods Goods For Resale	1 105 949	1 079 791	949 458	1 774 357	1 300 875	883 594	316 388	354 755	432 477	291 886
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities								-50 000	7 905	9 705
Further Item Tax Increase Decrease Component Adjusting Items				3 721	2 339	2 055	-616	-120	26	777
Further Operating Expense Item Component Total Operating Expenses								583	8 297	-339
Future Minimum Lease Payments Under Non-cancellable Operating Leases					40 000	16 000	54 083	43 083	32 083	21 083
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss			-41 445	41 241	34 368	-42 572	32 640	-85 476	25 631	100 657
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables						2 831 844	25 029	-1 509 753	-39 396	972 607
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables						-1 091 642	346 713	1 727 628	-16 519	-1 064 669
Gain Loss In Cash Flows From Change In Inventories						-417 281	-567 206	38 367	77 722	-140 591
Government Grant Income								99 293	43 764
Gross Profit Loss	378 668	614 651	648 687	1 046 919	1 460 243	1 460 291	525 769	562 223	1 310 775
Impairment Loss Reversal On Investments									290 904
Income Taxes Paid Refund Classified As Operating Activities				-17 118	-46 347	-104 735	-130 852	-4 952	-33 571	-53 295
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation					-153 535	743 511	-79 513		-218 148	-355 628
Increase From Depreciation Charge For Year Property Plant Equipment				11 757	12 311	10 819	5 751	1 622	5 378	5 626
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings									969
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts			31 798	29 714
Interest Income On Bank Deposits			14
Interest Income On Financial Assets That Are Not Fair Value Through Profit Or Loss			14
Interest Paid Classified As Operating Activities									-53 772	-943
Interest Payable Similar Charges Finance Costs			34						53 772	943
Interest Received Classified As Investing Activities			-14			-288				-193
Key Management Personnel Compensation Total					73 566	78 693	78 254	126 706	257 553	259 992
Net Cash Flows From Used In Investing Activities					8 634	750	2 509
Net Cash Flows From Used In Operating Activities			-106 624	-286 354	-162 169	742 761	-82 022	83 514	-521 540
Net Cash Generated From Operations			-106 658	-303 472	-208 516	638 026	-212 874	78 562	-608 883	-420 067
Net Current Assets Liabilities	284 944	344 097		631 598	1 089 852	1 643 145	1 653 094	1 830 708	2 050 939	2 187 481
Net Finance Income Costs			14			288				193
Net Interest Paid Received Classified As Operating Activities			-34						-53 772
Number Shares Issued Fully Paid					450 000
Operating Profit Loss	76 349	89 437	157 131	210 415	559 311	674 076	11 659	176 058	625 312
Other Creditors			18 768	7 502			1 152	2 582	2 466	964
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment						328				9 626
Other Disposals Property Plant Equipment						328				16 495
Other Interest Expense									52 803
Other Interest Income						288				193
Other Interest Receivable Similar Income Finance Income			14			288				193
Other Operating Income Format1							15 600	99 293	43 764	596 180
Other Taxation Social Security Payable			56 325	37 949	23 651			20 884	70 115	42 000
Par Value Share		1			1
Pension Other Post-employment Benefit Costs Other Pension Costs			1 370	9 919	11 378	9 414	8 183	4 027	6 350	13 568
Prepayments Accrued Income			30 222	41 121	36 871	26 996	17 619	35 009	26 368	22 655
Proceeds From Sales Or Maturity Financial Assets Held For Trading Trading Investments								-28 800	290 904
Proceeds From Sales Property Plant Equipment										-6 869
Profit Loss			123 711	160 347	455 461	545 370	7 323	142 607	227 315	143 370
Profit Loss On Ordinary Activities Before Tax	76 349	89 437	157 111	210 415	559 311	674 364	11 659	176 058	280 636	181 038
Property Plant Equipment Gross Cost			38 829	52 019	60 653	61 363	63 872	80 367	84 950	69 144
Provisions For Liabilities Balance Sheet Subtotal				3 721	2 836	978	362
Purchase Other Long-term Assets Classified As Investing Activities								-28 800
Purchase Property Plant Equipment			-7 433	-13 190	-8 634	-1 038	-2 509	-16 495	-4 583	-689
Revenue From Commissions										596 180
Social Security Costs	20 645	28 450	30 063	47 147	37 958	31 880	27 321	28 861	51 054
Staff Costs Employee Benefits Expense			454 648	602 408	497 610	448 825	325 539	309 845	484 447	773 761
Taxation Including Deferred Taxation Balance Sheet Subtotal					2 836	978	362	242	268	1 045
Tax Decrease From Utilisation Tax Losses					3 966
Tax Expense Credit Applicable Tax Rate					106 269	128 129	2 215	33 451	53 321	34 397
Tax Increase Decrease From Effect Capital Allowances Depreciation			-1 486	-286	-1 640	-197	616	120	-26	234
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss			3 464	4 550	1 733	865	2 121			2 260
Tax Tax Credit On Profit Or Loss On Ordinary Activities			33 400	50 068	103 850	128 994	4 336	33 451	53 321	37 668
Total Assets Less Current Liabilities	290 426	362 426		650 204	1 104 780	1 648 292	1 654 999	1 847 486	2 066 922	2 191 658
Total Borrowings								50 000	42 095	22 684
Total Operating Lease Payments				29 714	37 991	36 893	33 707	19 726	25 414
Trade Creditors Trade Payables			82 968	801 836	329 002	59 472	10 149	11 224	25 602	14 459
Trade Debtors Trade Receivables			1 578 141	2 112 700	2 121 531	820 868	1 379 404	3 108 729	3 097 607	2 034 333
Turnover Revenue			8 069 921	10 631 175	12 600 148	5 828 046	4 440 704	4 930 986	6 952 728
Wages Salaries	178 443	251 674	423 215	545 342	448 274	407 531	283 698	276 957	427 043	677 357
Company Contributions To Defined Benefit Plans Directors					2 128	2 250	2 250	840	1 440
Director Remuneration							76 004	140 592	259 888	264 044
Director Remuneration Benefits Including Payments To Third Parties	51 000	53 000			73 566	77 768	78 254	141 432	261 328	265 484
Accruals Deferred Income Within One Year	151 283	56 840
Amounts Owed To Parent Undertaking Within One Year	2 566 704	2 255 669
Amounts Owed To Subsidiaries Within One Year	809
Cash Flow Outflow Before Management Liquid Resources Financing	369 859	199 035
Creditors Due Within One Year	2 834 840	2 595 234
Deferred Tax Current Asset	33 719	16 282
Depreciation Tangible Fixed Assets Expense	2 852	7 143
Expenses Not Deductible For Tax Purposes	1 184	2 099
Foreign Currency Translation Gain Loss Recognised In Profit Loss	81 748	-392 784
Increase Decrease In Net Cash For Period	369 859	199 035
Land Buildings Operating Leases Expiring Between Two Five Years	-13 250	-24 000
Net Assets Liability Excluding Pension Asset Liability	290 426	362 426
Net Debt Funds	402 897	203 862
Number Shares Allotted		450 000
Other Creditors Due Within One Year	8 119	16 924
Other Taxation Social Security Within One Year	90 492	7 499
Prepayments Accrued Income Current Asset	12 915	17 579
Profit Loss For Period	60 608	72 000
Provisions Charged Credited To Profit Loss Account During Period		17 437
Provisions For Liabilities Charges	-33 719
Share Capital Allotted Called Up Paid	450 000	450 000
Staff Costs	199 088	280 124
Tangible Fixed Assets Additions		19 990
Tangible Fixed Assets Cost Or Valuation	11 407	31 397
Tangible Fixed Assets Depreciation	5 925	13 068
Tangible Fixed Assets Depreciation Charged In Period		7 143
Tax On Group Profit On Ordinary Activities Standard U K Tax Rate	-15 270	-17 887
Tax On Profit Or Loss On Ordinary Activities	15 741	17 437
Trade Creditors Within One Year	17 433	258 302
Turnover Gross Operating Revenue	4 065 699	7 851 672
Utilisation Tax Losses	15 741	17 437

Company staff

Michael C.

Role: Director

Appointed: 10 September 2020

Latest update: 6 March 2024

Dhruv D.

Role: Director

Appointed: 19 March 2013

Latest update: 6 March 2024

Sumit S.

Role: Director

Appointed: 26 June 2009

Latest update: 6 March 2024

People with significant control

Renaissance Global Limited

Address: Plot 36a & 37 Seepz, Andheri (East), Mumbai, 400096, India

Legal authority Companies Act 2013

Legal form Public Listed Company Limited By Shares

Country registered India

Place registered Register Of Companies, Ministry Of Corporate Affairs

Registration number L36911mh1989plc05449

Notified on 6 April 2016

Nature of control:

over 3/4 of shares

3/4 to full of voting rights

Accounts Documents

Account next due date	31 December 2023
Account last made up date	31 March 2022
Confirmation statement next due date	03 July 2024
Confirmation statement last made up date	19 June 2023

Annual Accounts 1 May 2015
Start Date For Period Covered By Report	2014-04-01
End Date For Period Covered By Report	2015-03-31
Date Approval Accounts	1 May 2015
Annual Accounts
Start Date For Period Covered By Report	2016-04-01
End Date For Period Covered By Report	2017-03-31
Annual Accounts
Start Date For Period Covered By Report	2017-04-01
End Date For Period Covered By Report	2018-03-31
Annual Accounts
Start Date For Period Covered By Report	2018-04-01
End Date For Period Covered By Report	2019-03-31
Annual Accounts
Start Date For Period Covered By Report	2019-04-01
End Date For Period Covered By Report	2020-03-31
Annual Accounts
Start Date For Period Covered By Report	2020-04-01
End Date For Period Covered By Report	2021-03-31
Annual Accounts
Start Date For Period Covered By Report	2021-04-01
End Date For Period Covered By Report	2022-03-31
Annual Accounts
Start Date For Period Covered By Report	2022-04-01
End Date For Period Covered By Report	2023-03-31

Verigold Jewellery (UK) Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Michael C.

Dhruv D.

Sumit S.

Hitesh S.

Niranjan S.

People with significant control

Renaissance Global Limited

Accounts Documents

Company filings

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