IRIS Accounts Production v23.3.0.418 09377082 director 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure093770822022-03-31093770822023-03-31093770822022-04-012023-03-31093770822021-03-31093770822021-04-012022-03-31093770822022-03-3109377082ns16:EnglandWales2022-04-012023-03-3109377082ns15:PoundSterling2022-04-012023-03-3109377082ns11:Director12022-04-012023-03-3109377082ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3109377082ns11:SmallEntities2022-04-012023-03-3109377082ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3109377082ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3109377082ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3109377082ns11:FullAccounts2022-04-012023-03-3109377082ns11:OrdinaryShareClass12022-04-012023-03-3109377082ns11:OrdinaryShareClass22022-04-012023-03-3109377082ns11:CompanySecretary12022-04-012023-03-3109377082ns11:RegisteredOffice2022-04-012023-03-3109377082ns6:CurrentFinancialInstruments2023-03-3109377082ns6:CurrentFinancialInstruments2022-03-3109377082ns6:Non-currentFinancialInstruments2023-03-3109377082ns6:Non-currentFinancialInstruments2022-03-3109377082ns6:ShareCapital2023-03-3109377082ns6:ShareCapital2022-03-3109377082ns6:RetainedEarningsAccumulatedLosses2023-03-3109377082ns6:RetainedEarningsAccumulatedLosses2022-03-3109377082ns6:FurnitureFittings2022-04-012023-03-3109377082ns6:MotorVehicles2022-04-012023-03-3109377082ns6:ComputerEquipment2022-04-012023-03-3109377082ns6:FurnitureFittings2022-03-3109377082ns6:MotorVehicles2022-03-3109377082ns6:ComputerEquipment2022-03-3109377082ns6:FurnitureFittings2023-03-3109377082ns6:MotorVehicles2023-03-3109377082ns6:ComputerEquipment2023-03-3109377082ns6:FurnitureFittings2022-03-3109377082ns6:MotorVehicles2022-03-3109377082ns6:ComputerEquipment2022-03-3109377082ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-03-3109377082ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-04-012023-03-3109377082ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2023-03-3109377082ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-03-3109377082ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3109377082ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3109377082ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2023-03-3109377082ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2022-03-3109377082ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2023-03-3109377082ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-03-3109377082ns6:WithinOneYearns6:CurrentFinancialInstrumentsns6:HirePurchaseContracts2023-03-3109377082ns6:WithinOneYearns6:CurrentFinancialInstrumentsns6:HirePurchaseContracts2022-03-3109377082ns6:BetweenOneFiveYearsns6:HirePurchaseContracts2023-03-3109377082ns6:BetweenOneFiveYearsns6:HirePurchaseContracts2022-03-3109377082ns6:HirePurchaseContracts2023-03-3109377082ns6:HirePurchaseContracts2022-03-3109377082ns6:WithinOneYear2023-03-3109377082ns6:WithinOneYear2022-03-3109377082ns6:BetweenOneFiveYears2023-03-3109377082ns6:BetweenOneFiveYears2022-03-3109377082ns6:MoreThanFiveYears2023-03-3109377082ns6:MoreThanFiveYears2022-03-3109377082ns6:AllPeriods2023-03-3109377082ns6:AllPeriods2022-03-3109377082ns6:DeferredTaxation2022-03-3109377082ns6:DeferredTaxation2023-03-3109377082ns11:OrdinaryShareClass12023-03-3109377082ns11:OrdinaryShareClass22023-03-3109377082ns11:Director112022-03-3109377082ns11:Director112021-03-3109377082ns11:Director112022-04-012023-03-3109377082ns11:Director112021-04-012022-03-3109377082ns11:Director112023-03-3109377082ns11:Director112022-03-31
REGISTERED NUMBER: 09377082 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Gemini Mechanical Services Engineers Ltd

Gemini Mechanical Services Engineers Ltd (Registered number: 09377082)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gemini Mechanical Services Engineers Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: M Welch





SECRETARY: D M Welch





REGISTERED OFFICE: 13 Atley Way
Atley Business Park
Cramlington
Northumberland
NE23 1WP





REGISTERED NUMBER: 09377082 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

Gemini Mechanical Services Engineers Ltd (Registered number: 09377082)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,359 25,705

CURRENT ASSETS
Stocks 42,375 40,000
Debtors 5 964,284 1,132,587
Cash at bank and in hand 434,627 -
1,441,286 1,172,587
CREDITORS
Amounts falling due within one year 6 932,932 973,511
NET CURRENT ASSETS 508,354 199,076
TOTAL ASSETS LESS CURRENT
LIABILITIES

543,713

224,781

CREDITORS
Amounts falling due after more than one
year

7

(26,856

)

(41,430

)

PROVISIONS FOR LIABILITIES 10 (5,095 ) (2,243 )
NET ASSETS 511,762 181,108

CAPITAL AND RESERVES
Called up share capital 11 200 200
Retained earnings 511,562 180,908
SHAREHOLDERS' FUNDS 511,762 181,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Gemini Mechanical Services Engineers Ltd (Registered number: 09377082)

Balance Sheet - continued
31 March 2023


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2023 and were signed by:





M Welch - Director


Gemini Mechanical Services Engineers Ltd (Registered number: 09377082)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Gemini Mechanical Services Engineers Ltd 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.

2. ACCOUNTING POLICIES

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

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on completion of the installation.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are measured at cost less depreciation and impairment.

Government grants
Revenue based grants have been credited to the profit and loss account in the period to which they relate. Capital based grants are accounted for using the accruals model and have been transferred to a deferred credit and released to the profit and loss account over the useful life of the asset.

Stocks
Work in progress is valued at the lower of cost and selling price less estimated costs to sell.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Gemini Mechanical Services Engineers Ltd (Registered number: 09377082)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 7,143 45,628 7,047 59,818
Additions 4,994 12,175 - 17,169
At 31 March 2023 12,137 57,803 7,047 76,987
DEPRECIATION
At 1 April 2022 5,164 23,154 5,795 34,113
Charge for year 1,378 5,619 518 7,515
At 31 March 2023 6,542 28,773 6,313 41,628
NET BOOK VALUE
At 31 March 2023 5,595 29,030 734 35,359
At 31 March 2022 1,979 22,474 1,252 25,705

Gemini Mechanical Services Engineers Ltd (Registered number: 09377082)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 20,198
DEPRECIATION
At 1 April 2022 5,922
Charge for year 3,569
At 31 March 2023 9,491
NET BOOK VALUE
At 31 March 2023 10,707
At 31 March 2022 14,276

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 886,451 1,070,110
Amounts owed by participating interests 45,058 25,058
Other debtors 32,775 15,196
Director's current accounts - 21,352
Prepayments and accrued income - 871
964,284 1,132,587

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,504 10,754
Hire purchase contracts (see note 8) 4,415 5,571
Trade creditors 682,869 533,795
Taxation and social security 15,968 20,491
Other creditors 214,371 400,050
Director's current accounts 1,955 -
Accruals and deferred income 2,850 2,850
932,932 973,511

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,771 10,505
Bank loans - 2-5 years 11,166 22,637
Hire purchase contracts (see note 8) 4,919 8,288
26,856 41,430

Gemini Mechanical Services Engineers Ltd (Registered number: 09377082)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 4,415 5,571
Between one and five years 4,919 8,288
9,334 13,859

Non-cancellable operating leases
2023 2022
£    £   
Within one year 18,635 28,367
Between one and five years 43,700 46,235
In more than five years - 16,100
62,335 90,702

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 9,334 13,859

Hire purchase contracts are secured on the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 5,095 2,243

Deferred
tax
£   
Balance at 1 April 2022 2,243
Accelerated capital allowances 2,852
Balance at 31 March 2023 5,095

Gemini Mechanical Services Engineers Ltd (Registered number: 09377082)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
100 Ordinary A £1 100 100
200 200

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
M Welch
Balance outstanding at start of year 21,352 (51 )
Amounts advanced 98,693 140,232
Amounts repaid (122,000 ) (118,829 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,955 ) 21,352

13. RELATED PARTY DISCLOSURES

There were no related party transactions other than those concluded under normal market conditions, except for those shown below.
2023 2022
£ £
Amounts due to/(from) directors 1,955 (21,352 )

Amounts due from participating interests 45,058 25,058

No interest has been charged.