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REGISTERED NUMBER: 05479055 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

GEMCAR METECH LIMITED

GEMCAR METECH LIMITED (REGISTERED NUMBER: 05479055)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GEMCAR METECH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: C D Bond
P T Redfern





SECRETARY: D J Bond





REGISTERED OFFICE: First Floor
3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW





REGISTERED NUMBER: 05479055 (England and Wales)





ACCOUNTANTS: GKP (Ampthill) Limited
Chartered Accountants
3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW

GEMCAR METECH LIMITED (REGISTERED NUMBER: 05479055)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,754 4,931

CURRENT ASSETS
Stocks 551 551
Debtors 6 16,794 16,508
Cash at bank 3,661 17,053
21,006 34,112
CREDITORS
Amounts falling due within one year 7 21,064 27,653
NET CURRENT (LIABILITIES)/ASSETS (58 ) 6,459
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,696

11,390

CREDITORS
Amounts falling due after more than one
year

8

-

6,181
NET ASSETS 2,696 5,209

CAPITAL AND RESERVES
Called up share capital 600 600
Retained earnings 2,096 4,609
2,696 5,209

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GEMCAR METECH LIMITED (REGISTERED NUMBER: 05479055)

BALANCE SHEET - continued
30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:





C D Bond - Director


GEMCAR METECH LIMITED (REGISTERED NUMBER: 05479055)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Gemcar Metech Limited 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. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operation existence for the foreseeable future. Accordingly the directors continue to adopt the going concern basis in preparing the financial statements.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

GEMCAR METECH LIMITED (REGISTERED NUMBER: 05479055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 July 2022 27,017
Disposals (8,964 )
At 30 June 2023 18,053
DEPRECIATION
At 1 July 2022 22,086
Charge for year 739
Eliminated on disposal (7,526 )
At 30 June 2023 15,299
NET BOOK VALUE
At 30 June 2023 2,754
At 30 June 2022 4,931

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,378 16,508
Tax 416 -
16,794 16,508

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 6,950
Trade creditors 5,456 7,564
Corporation tax - 2,862
Social security and other taxes 302 1,277
VAT 2,651 7,501
Other creditors 4,202 -
Director's loan account 6,854 -
Accruals 1,599 1,499
21,064 27,653

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years - 3,827
Directors loan account - 2,354
- 6,181

GEMCAR METECH LIMITED (REGISTERED NUMBER: 05479055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

The bank loan is unsecured.

9. RELATED PARTY DISCLOSURES

As at 30 June 2023 an amount of £1,854 (2022 £2,354) was due from the company to C D Bond, director and an amount of £5,000 (2022 £Nil) was due from the company to P T Redfern, director. The loans are interest free (2022 £Nil) and are due to be repaid within one year from the balance sheet date.