Registered number
12251080
Gemstone Financial Services Ltd
Filleted Accounts
30 March 2023
Gemstone Financial Services Ltd
Registered number: 12251080
Balance Sheet
as at 30 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,883 1,310
Current assets
Cash at bank and in hand 41 5,612
Creditors: amounts falling due within one year 4 (13,709) (6,779)
Net current liabilities (13,668) (1,167)
Net (liabilities)/assets (11,785) 143
Capital and reserves
Called up share capital 100 100
Profit and loss account (11,885) 43
Shareholder's funds (11,785) 143
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Slocombe
Director
Approved by the board on 26 January 2024
Gemstone Financial Services Ltd
Notes to the Accounts
for the period from 1 April 2022 to 30 March 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 2,302
Additions 1,500
At 30 March 2023 3,802
Depreciation
At 1 April 2022 992
Charge for the period 927
At 30 March 2023 1,919
Net book value
At 30 March 2023 1,883
At 31 March 2022 1,310
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 12,400 1,814
Directors account 109 4,115
Accruals 1,200 850
13,709 6,779
5 Other information
Gemstone Financial Services Ltd is a private company limited by shares and incorporated in England. It's registered office is:
26 Crosland Edge
Meltham
Holmfirth
HD9 5RS
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