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Company Registration No. 11170037 (England and Wales)
Gembira Ltd Unaudited accounts for the year ended 31 January 2024
Gembira Ltd Unaudited accounts Contents
Page
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Gembira Ltd Company Information for the year ended 31 January 2024
Director
Dr Hanna Aslam
Company Number
11170037 (England and Wales)
Registered Office
J O Hunter House 409 Bradford Road Huddersfield HD2 2RB England
Accountants
Sigma Chartered Accountants J O Hunter House 409 Bradford Road Huddersfield West Yorkshire HD2 2RB
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Gembira Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
1,538 
Current assets
Debtors
10,991 
12,933 
Cash at bank and in hand
30 
50,268 
11,021 
63,201 
Creditors: amounts falling due within one year
(4,991)
(32,617)
Net current assets
6,030 
30,584 
Total assets less current liabilities
6,030 
32,122 
Provisions for liabilities
Deferred tax
- 
(353)
Net assets
6,030 
31,769 
Capital and reserves
Called up share capital
30 
30 
Profit and loss account
6,000 
31,739 
Shareholders' funds
6,030 
31,769 
For the year ending 31 January 2024 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 17 January 2024 and were signed on its behalf by
Dr Hanna Aslam Director Company Registration No. 11170037
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Gembira Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Gembira Ltd is a private company, limited by shares, registered in England and Wales, registration number 11170037. The registered office is J O Hunter House, 409 Bradford Road, Huddersfield, HD2 2RB, England. The company is in the process of being wound up.
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 prepared on a 'liquidation' (or 'break-up') basis.
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:
Plant & machinery
25% on cost.
Fixtures & fittings
25% on cost.
Computer equipment
25% on cost.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
The company is being wound up by members voluntarily.
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Gembira Ltd Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 February 2023
7,339 
Disposals
(7,339)
At 31 January 2024
- 
Depreciation
At 1 February 2023
5,801 
Charge for the year
353 
On disposals
(6,154)
At 31 January 2024
- 
Net book value
At 31 January 2024
- 
At 31 January 2023
1,538 
5
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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