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REGISTERED NUMBER: 01620057 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

G.E.M. INTEGRATED SOLUTIONS LIMITED

G.E.M. INTEGRATED SOLUTIONS LIMITED (REGISTERED NUMBER: 01620057)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


G.E.M. INTEGRATED SOLUTIONS LIMITED

COMPANY INFORMATION
for the year ended 31 May 2024







DIRECTORS: Mrs S V L Stanton
J E Manning
J A Manning



REGISTERED OFFICE: Unit 4/5 Welton Road
Wedgnock Industrial Estate
Warwick
Warwickshire
CV34 5PZ



REGISTERED NUMBER: 01620057 (England and Wales)



BANKERS: HSBC
11 High Street
Warwick
Warwickshire
CV34 4AS

G.E.M. INTEGRATED SOLUTIONS LIMITED (REGISTERED NUMBER: 01620057)

ABRIDGED BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 99,501 15,293
Investments 6 - -
99,501 15,293

CURRENT ASSETS
Stocks 157,276 182,767
Debtors 388,336 418,495
Cash at bank and in hand 256,737 317,620
802,349 918,882
CREDITORS
Amounts falling due within one year 298,788 566,003
NET CURRENT ASSETS 503,561 352,879
TOTAL ASSETS LESS CURRENT
LIABILITIES

603,062

368,172

PROVISIONS FOR LIABILITIES 13,657 7,371
NET ASSETS 589,405 360,801

CAPITAL AND RESERVES
Called up share capital 8 980 980
Capital redemption reserve 20 20
Retained earnings 588,405 359,801
SHAREHOLDERS' FUNDS 589,405 360,801

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

G.E.M. INTEGRATED SOLUTIONS LIMITED (REGISTERED NUMBER: 01620057)

ABRIDGED BALANCE SHEET - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





J E Manning - Director


G.E.M. INTEGRATED SOLUTIONS LIMITED (REGISTERED NUMBER: 01620057)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2024

1. STATUTORY INFORMATION

G.E.M. Integrated Solutions 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and is rounded to the nearest £1.

Preparation of consolidated financial statements
The financial statements contain information about G.E.M. Integrated Solutions Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover comprises the value of sales (excluding value added tax, similar taxes and trade discounts) of goods and services provided in the normal course of business. Revenue is recognised when the goods are despatched, which is the same day on which the goods are delivered and hence is the point at which the risks and rewards of ownership passes to the buyer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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% on reducing balance
Fixtures, fittings and equipment - 20% on reducing balance
Motor vehicles - 33% on reducing balance
Aircraft - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


G.E.M. INTEGRATED SOLUTIONS LIMITED (REGISTERED NUMBER: 01620057)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 30,000
AMORTISATION
At 1 June 2023
and 31 May 2024 30,000
NET BOOK VALUE

At 31 May 2024 -
At 31 May 2023 -

G.E.M. INTEGRATED SOLUTIONS LIMITED (REGISTERED NUMBER: 01620057)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 74,877
Additions 116,403
Disposals (75,961 )
At 31 May 2024 115,319
DEPRECIATION
At 1 June 2023 59,584
Charge for year 17,347
Eliminated on disposal (61,113 )
At 31 May 2024 15,818
NET BOOK VALUE
At 31 May 2024 99,501
At 31 May 2023 15,293

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 June 2023
and 31 May 2024 5,627
PROVISIONS
At 1 June 2023
and 31 May 2024 5,627
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 8,339 18,106
Between one and five years 6,222 14,561
14,561 32,667

G.E.M. INTEGRATED SOLUTIONS LIMITED (REGISTERED NUMBER: 01620057)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
980 Ordinary £1 980 980

9. PENSION COMMITMENTS

The company operates a defined contribution pension scheme in respect of the directors and certain employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £52,702 (2023 - £22,387). At the year end there was a balance outstanding amounting to £21,830 (2023 - £14,703).

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.