1 August 2022 false No description of principal activity Taxfiler 2024.5 10351055business:PrivateLimitedCompanyLtd2022-08-012023-07-31 103510552022-07-31 103510552022-08-012023-07-31 10351055business:AuditExemptWithAccountantsReport2022-08-012023-07-31 10351055business:FilletedAccounts2022-08-012023-07-31 103510552023-07-31 10351055business:Director12022-08-012023-07-31 10351055business:RegisteredOffice2022-08-012023-07-31 103510552022-07-31 10351055core:WithinOneYear2023-07-31 10351055core:WithinOneYear2022-07-31 10351055core:AfterOneYear2023-07-31 10351055core:AfterOneYear2022-07-31 10351055core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 10351055core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 10351055core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 10351055core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 10351055core:PreviouslyStatedAmount2023-07-31 10351055core:PreviouslyStatedAmount2022-07-31 10351055business:SmallEntities2022-08-012023-07-31 10351055countries:EnglandWales2022-08-012023-07-31 10351055core:MotorVehicles2022-08-012023-07-31 10351055core:ComputerEquipment2022-08-012023-07-31 10351055core:MotorVehicles2022-07-31 10351055core:ComputerEquipment2022-07-31 10351055core:MotorVehicles2023-07-31 10351055core:ComputerEquipment2023-07-31 103510552021-08-012022-07-31 iso4217:GBP xbrli:pure
Company Registration No. 10351055 (England and Wales)
GEM PROJECT SOLUTIONS LTD Unaudited accounts for the year ended 31 July 2023
GEM PROJECT SOLUTIONS LTD Unaudited accounts Contents
Page
- 2 -
GEM PROJECT SOLUTIONS LTD Company Information for the year ended 31 July 2023
Director
Gary Manktelow
Company Number
10351055 (England and Wales)
Registered Office
46 Village Road Oxton Prenton Wirral CH43 6TY UK
Accountants
Joanne Nock Accountability 45, Market Street Hoylake Wirral CH47 2BQ
- 3 -
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of GEM PROJECT SOLUTIONS LTD for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GEM PROJECT SOLUTIONS LTD for the year ended 31 July 2023 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of GEM PROJECT SOLUTIONS LTD, as a body, in accordance with the terms of our engagement letter dated 29 November 2016. Our work has been undertaken solely to prepare for your approval the accounts of GEM PROJECT SOLUTIONS LTD and state those matters that we have agreed to state to the Board of Directors of GEM PROJECT SOLUTIONS LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GEM PROJECT SOLUTIONS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that GEM PROJECT SOLUTIONS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of GEM PROJECT SOLUTIONS LTD. You consider that GEM PROJECT SOLUTIONS LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of GEM PROJECT SOLUTIONS LTD. 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.
Joanne Nock Chartered Certified Accountants Accountability 45, Market Street Hoylake Wirral CH47 2BQ 30 July 2024
- 4 -
GEM PROJECT SOLUTIONS LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
5,953 
Current assets
Cash at bank and in hand
305 
209 
Creditors: amounts falling due within one year
(16,534)
(18,528)
Net current liabilities
(16,229)
(18,319)
Total assets less current liabilities
(16,229)
(12,366)
Creditors: amounts falling due after more than one year
(8,818)
(12,016)
Net liabilities
(25,047)
(24,382)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(25,048)
(24,383)
Shareholders' funds
(25,047)
(24,382)
For the year ending 31 July 2023 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 30 July 2024 and were signed on its behalf by
Gary Manktelow Director Company Registration No. 10351055
- 5 -
GEM PROJECT SOLUTIONS LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
GEM PROJECT SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 10351055. The registered office is 46 Village Road, Oxton, Prenton, Wirral, CH43 6TY, UK.
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:
Motor vehicles
20 % on reducing balance
Computer equipment
20 % on reducing balance
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
17,790 
241 
18,031 
Disposals
(17,790)
- 
(17,790)
At 31 July 2023
- 
241 
241 
Depreciation
At 1 August 2022
11,960 
118 
12,078 
Charge for the year
- 
123 
123 
On disposals
(11,960)
- 
(11,960)
At 31 July 2023
- 
241 
241 
Net book value
At 31 July 2023
- 
- 
- 
At 31 July 2022
5,830 
123 
5,953 
- 6 -
GEM PROJECT SOLUTIONS LTD Notes to the Accounts for the year ended 31 July 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
(128)
Trade creditors
415 
102 
Loans from directors
11,863 
12,944 
Accruals
4,256 
5,610 
16,534 
18,528 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
8,818 
12,016 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 7 -