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Company Registration No. 11725003 (England and Wales)
GEMINI OILFIELD SERVICES LTD Unaudited accounts for the year ended 31 December 2023
GEMINI OILFIELD SERVICES LTD Unaudited accounts Contents
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GEMINI OILFIELD SERVICES LTD Company Information for the year ended 31 December 2023
Directors
Karl Nile Valarie Nile
Company Number
11725003 (England and Wales)
Registered Office
2 REGENT ROAD LOWESTOFTQ NR£2 1PA UNITED KINGDOM
Accountants
P Lacey & Associates Ltd Office 17 2 Regent House Lowestoft NR32 1PA
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GEMINI OILFIELD SERVICES LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,105 
562 
Current assets
Debtors
9,457 
16,769 
Cash at bank and in hand
25,844 
26,287 
35,301 
43,056 
Creditors: amounts falling due within one year
(8,286)
(13,618)
Net current assets
27,015 
29,438 
Net assets
43,120 
30,000 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
43,118 
29,998 
Shareholders' funds
43,120 
30,000 
For the year ending 31 December 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 3 March 2024 and were signed on its behalf by
Karl Nile Director Company Registration No. 11725003
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GEMINI OILFIELD SERVICES LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
GEMINI OILFIELD SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 11725003. The registered office is 2 REGENT ROAD, LOWESTOFTQ, NR£2 1PA, UNITED KINGDOM.
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:
Motor vehicles
20% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
- 
1,289 
1,289 
Additions
19,569 
- 
19,569 
At 31 December 2023
19,569 
1,289 
20,858 
Depreciation
At 1 January 2023
- 
727 
727 
Charge for the year
3,914 
112 
4,026 
At 31 December 2023
3,914 
839 
4,753 
Net book value
At 31 December 2023
15,655 
450 
16,105 
At 31 December 2022
- 
562 
562 
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GEMINI OILFIELD SERVICES LTD Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,457 
14,730 
Other debtors
- 
2,039 
9,457 
16,769 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
7,641 
12,542 
Accruals
645 
1,076 
8,286 
13,618 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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