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Company Registration No. SC415697 (Scotland)
Gem Falkirk Ltd Unaudited accounts for the year ended 31 August 2022
Gem Falkirk Ltd Unaudited accounts Contents
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Gem Falkirk Ltd Company Information for the year ended 31 August 2022
Director
Amy McFadzean
Company Number
SC415697 (Scotland)
Registered Office
40 Charlotte Dundas Court Grangemouth FK3 9EB Scotland
Accountants
FBD Consultancy, Accounts & Tax Ltd Sgarbach House 10 Binniehill Road Cumbernauld North Lanarkshire G68 9AJ
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Gem Falkirk Ltd Statement of financial position as at 31 August 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,488 
4,977 
Current assets
Debtors
13,816 
21,142 
Cash at bank and in hand
1,407 
1,664 
15,223 
22,806 
Creditors: amounts falling due within one year
(27,668)
(26,793)
Net current liabilities
(12,445)
(3,987)
Total assets less current liabilities
(9,957)
990 
Provisions for liabilities
Deferred tax
(473)
(946)
Net (liabilities)/assets
(10,430)
44 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(10,431)
43 
Shareholders' funds
(10,430)
44 
For the year ending 31 August 2022 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.
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 8 April 2024 and were signed on its behalf by
Amy McFadzean Director Company Registration No. SC415697
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Gem Falkirk Ltd Notes to the Accounts for the year ended 31 August 2022
1
Statutory information
Gem Falkirk Ltd is a private company, limited by shares, registered in Scotland, registration number SC415697. The registered office is 40 Charlotte Dundas Court, Grangemouth, FK3 9EB, Scotland.
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:
Plant & machinery
4 years straight line
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2021
10,221 
At 31 August 2022
10,221 
Depreciation
At 1 September 2021
5,244 
Charge for the year
2,489 
At 31 August 2022
7,733 
Net book value
At 31 August 2022
2,488 
At 31 August 2021
4,977 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,403 
14,357 
Accrued income and prepayments
781 
561 
Other debtors
6,632 
6,224 
13,816 
21,142 
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Gem Falkirk Ltd Notes to the Accounts for the year ended 31 August 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
18,247 
19,000 
Taxes and social security
6,623 
6,623 
Accruals
2,798 
1,170 
27,668 
26,793 
7
Deferred taxation
2022 
2021 
£ 
£ 
Other deferred taxation
473 
946 
2022 
2021 
£ 
£ 
Provision at start of year
946 
1,444 
Credited to the profit and loss account
(473)
(498)
Provision at end of year
473 
946 
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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