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
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
Gems Afire Limited
Statement of financial position
as at 31 December 2022
Tangible assets
3,390
1,328
Cash at bank and in hand
16,073
16,584
Creditors: amounts falling due within one year
(4,435)
(10,061)
Net current assets
38,236
30,071
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
Gems Afire Limited
Notes to the Accounts
for the year ended 31 December 2022
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 December 2022
1,933
257
1,200
3,390
At 31 December 2021
536
322
470
1,328
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
6
Average number of employees
During the year the average number of employees was 1 (2021: 1).