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Company Registration No. 10516910 (England and Wales)
Gems Afire Limited Unaudited accounts for the year ended 31 December 2022
Gems Afire Limited Unaudited accounts Contents
Page
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Gems Afire Limited Company Information for the year ended 31 December 2022
Director
Alison Jane Light
Company Number
10516910 (England and Wales)
Registered Office
Kemp House 160 City Road London EC1V2NX England
Accountants
SJW Business Solutions Thornborough Hall Moor Road Leyburn North Yorkshire DL8 5AB
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Gems Afire Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,390 
1,328 
Current assets
Inventories
26,598 
23,548 
Cash at bank and in hand
16,073 
16,584 
42,671 
40,132 
Creditors: amounts falling due within one year
(4,435)
(10,061)
Net current assets
38,236 
30,071 
Net assets
41,626 
31,399 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
41,625 
31,398 
Shareholders' funds
41,626 
31,399 
For the year ending 31 December 2022 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2023 and were signed on its behalf by
Alison Jane Light Director Company Registration No. 10516910
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Gems Afire Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Gems Afire Limited is a private company, limited by shares, registered in England and Wales, registration number 10516910. The registered office is Kemp House, 160 City Road, London, EC1V2NX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Fixtures & fittings
20% Reducing balance
Computer equipment
25% Reducing balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2022
1,009 
451 
968 
2,428 
Additions
1,879 
- 
1,130 
3,009 
At 31 December 2022
2,888 
451 
2,098 
5,437 
Depreciation
At 1 January 2022
473 
129 
498 
1,100 
Charge for the year
482 
65 
400 
947 
At 31 December 2022
955 
194 
898 
2,047 
Net book value
At 31 December 2022
1,933 
257 
1,200 
3,390 
At 31 December 2021
536 
322 
470 
1,328 
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Gems Afire Limited Notes to the Accounts for the year ended 31 December 2022
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Taxes and social security
1,915 
2,632 
Loans from directors
1,620 
6,529 
Accruals
900 
900 
4,435 
10,061 
6
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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