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
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
GEMINI OILFIELD SERVICES LTD
Statement of financial position
as at 31 December 2023
Tangible assets
16,105
562
Cash at bank and in hand
25,844
26,287
Creditors: amounts falling due within one year
(8,286)
(13,618)
Net current assets
27,015
29,438
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
GEMINI OILFIELD SERVICES LTD
Notes to the Accounts
for the year ended 31 December 2023
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.
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:
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
At 31 December 2023
19,569
1,289
20,858
At 1 January 2023
-
727
727
Charge for the year
3,914
112
4,026
At 31 December 2023
3,914
839
4,753
At 31 December 2023
15,655
450
16,105
At 31 December 2022
-
562
562
GEMINI OILFIELD SERVICES LTD
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
9,457
14,730
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
7,641
12,542
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).