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REGISTERED NUMBER: 03035521 (England and Wales)


















GEMINI DIGITAL COLOUR LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






GEMINI DIGITAL COLOUR LIMITED (REGISTERED NUMBER: 03035521)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GEMINI DIGITAL COLOUR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: H D W Whitaker
D Lee





SECRETARY: H D W Whitaker





REGISTERED OFFICE: North Road
Bridgend Industrial Estate
BRIDGEND
Bridgend
CF31 3TP





REGISTERED NUMBER: 03035521 (England and Wales)





ACCOUNTANTS: MHA (trading name of MacIntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

GEMINI DIGITAL COLOUR LIMITED (REGISTERED NUMBER: 03035521)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 17,601 22,401

CURRENT ASSETS
Stocks 8,699 9,170
Debtors 5 78,556 76,081
Cash at bank and in hand 175,466 121,324
262,721 206,575
CREDITORS
Amounts falling due within one year 6 (95,046 ) (87,947 )
NET CURRENT ASSETS 167,675 118,628
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,276

141,029

PROVISIONS FOR LIABILITIES (1,896 ) -
NET ASSETS 183,380 141,029

CAPITAL AND RESERVES
Called up share capital 7 21,252 21,252
Retained earnings 162,128 119,777
SHAREHOLDERS' FUNDS 183,380 141,029

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 March 2024 and were signed on its behalf by:





H D W Whitaker - Director


GEMINI DIGITAL COLOUR LIMITED (REGISTERED NUMBER: 03035521)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Gemini Digital Colour 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.

The company's functional and presentational currency in the financial statements is Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2. ACCOUNTING POLICIES

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

There have been no material departures from Financial Reporting Standard 102 1A.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced and to be invoiced in respect of digital printing services supplied during the year, exclusive of Value Added Tax.

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 - 20% - 33% on cost
Fixtures and Fittings - 33 - 50% on cost
Motor vehicles - 20% - 33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to sell.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

GEMINI DIGITAL COLOUR LIMITED (REGISTERED NUMBER: 03035521)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

Unbilled work
Services provided to clients, which at the balance sheet date have not been billed, have been recognised as turnover. Turnover recognised in this manner is based on an assessment of the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement. Provision is made against unbilled amounts on those engagements where the right to receive payment is contingent on factors outside the control of the company. Unbilled revenue is included in debtors.

Financial instruments
Basic financial instruments are recognised at amortised cost.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery Fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 537,145 44,662 37,745 619,552
DEPRECIATION
At 1 November 2022 514,744 44,662 37,745 597,151
Charge for year 4,800 - - 4,800
At 31 October 2023 519,544 44,662 37,745 601,951
NET BOOK VALUE
At 31 October 2023 17,601 - - 17,601
At 31 October 2022 22,401 - - 22,401

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 72,544 70,243
Prepayments and accrued income 6,012 5,838
78,556 76,081

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 26,435 23,250
Corporation tax 3,965 -
Social security and other taxes 3,096 3,448
VAT 5,621 4,541
Other creditors 939 931
Directors' current accounts 49,140 49,140
Accrued expenses 5,850 6,637
95,046 87,947

GEMINI DIGITAL COLOUR LIMITED (REGISTERED NUMBER: 03035521)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
21,252 Ordinary £1 21,252 21,252