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Company Registration No. 11386976 (England and Wales)
GEM FIRE SOLUTIONS LIMITED Unaudited accounts for the period from 1 June 2023 to 31 March 2024
GEM FIRE SOLUTIONS LIMITED Unaudited accounts Contents
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GEM FIRE SOLUTIONS LIMITED Company Information for the period from 1 June 2023 to 31 March 2024
Director
Jamie Dyer
Company Number
11386976 (England and Wales)
Registered Office
Unit R Linsford Lane Mytchett Camberley GU16 6DJ
Accountants
DSB Accounting Ltd Canada House St Leonards Rd 20/20 Business Park Maidstone Kent ME16 0LS
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of GEM FIRE SOLUTIONS LIMITED for the period from 1 June 2023 to 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GEM FIRE SOLUTIONS LIMITED for the period from 1 June 2023 to 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
This report is made solely to the Board of Directors of GEM FIRE SOLUTIONS LIMITED, as a body, in accordance with the terms of our engagement letter dated 15 April 2024. Our work has been undertaken solely to prepare for your approval the accounts of GEM FIRE SOLUTIONS LIMITED and state those matters that we have agreed to state to the Board of Directors of GEM FIRE SOLUTIONS LIMITED, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GEM FIRE SOLUTIONS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that GEM FIRE SOLUTIONS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of GEM FIRE SOLUTIONS LIMITED. You consider that GEM FIRE SOLUTIONS LIMITED is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of GEM FIRE SOLUTIONS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
DSB Accounting Ltd Member in Practice Canada House St Leonards Rd 20/20 Business Park Maidstone Kent ME16 0LS 15 April 2024
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GEM FIRE SOLUTIONS LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
48,132 
18,837 
Current assets
Inventories
33,275 
- 
Debtors
668,135 
336,603 
Cash at bank and in hand
616,735 
424,004 
1,318,145 
760,607 
Creditors: amounts falling due within one year
(757,253)
(404,013)
Net current assets
560,892 
356,594 
Total assets less current liabilities
609,024 
375,431 
Creditors: amounts falling due after more than one year
- 
(150,000)
Net assets
609,024 
225,431 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
609,022 
225,429 
Shareholders' funds
609,024 
225,431 
For the period ending 31 March 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 his 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 15 April 2024 and were signed on its behalf by
Jamie Dyer Director Company Registration No. 11386976
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GEM FIRE SOLUTIONS LIMITED Notes to the Accounts for the period from 1 June 2023 to 31 March 2024
1
Statutory information
GEM FIRE SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11386976. The registered office is Unit R Linsford Lane, Mytchett, Camberley, GU16 6DJ.
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 period, 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:
Motor vehicles
4 Year Straight line
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 June 2023
22,604 
Additions
42,048 
At 31 March 2024
64,652 
Depreciation
At 1 June 2023
3,767 
Charge for the period
12,753 
At 31 March 2024
16,520 
Net book value
At 31 March 2024
48,132 
At 31 May 2023
18,837 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
661,702 
336,603 
Accrued income and prepayments
6,433 
- 
668,135 
336,603 
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GEM FIRE SOLUTIONS LIMITED Notes to the Accounts for the period from 1 June 2023 to 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
106,430 
- 
Trade creditors
269,199 
127,692 
Taxes and social security
184,336 
106,360 
Loans from directors
1,200 
- 
Accruals
196,088 
169,961 
757,253 
404,013 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
- 
150,000 
8
Average number of employees
During the period the average number of employees was 11 (2023: 3).
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