Giany Jewellers Ltd

Giany Jewellers Ltd from Southall UK is a small, active company founded seven years ago. It employs three people and holds £1,852,901 in assets, operating from a real address in Southall. With one director and one owner, it boasts a respectable Google rating of 4.0 based on 41 reviews. The company regularly imports jewelry, precious stones, and metals, with its last import activity recorded nine months ago.

The company operates in the retail sale of watches and jewellery in specialised stores. It's a small business, meeting two of the three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The address is probably real, as only two companies are registered at the same address.

Looking at the financial data, we see some interesting trends. Cash reserves have increased significantly by 230%, reaching £75,000, which is a positive sign. However, net losses deepened, and trade creditors have also increased. Bank borrowings have decreased by 12%, which is a good sign. The company’s current assets have decreased by 13% to £1.9 million. The company’s property, plant, and equipment has remained constant.

It’s worth noting that the company’s equity has increased by 17% to £410,000. While the company is not audited, the accounts are prepared in compliance with FRS 102 Section 1A. The company’s financial statements are unaudited, and the director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records.

Overall, Giany Jewellers Ltd appears to be a small, family-run business facing the typical challenges of a retail operation. The increase in cash reserves is encouraging, but the company will need to manage its creditors and maintain profitability to ensure long-term success.

Registered in England/Wales under the registration number 10914911, with a registered address at UB2 4DQ, England, Southall, 37 King Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.