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REGISTERED NUMBER: 05710142 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Gemello Ltd

Gemello Ltd (Registered number: 05710142)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Gemello Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr A Wright





SECRETARY: Mrs D J Wright





REGISTERED OFFICE: c/o Sutton McGrath Ltd
5 Westbrook Court
Sharrow Vale Road
Sheffield
South Yorkshire
S11 8YZ





REGISTERED NUMBER: 05710142 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

Gemello Ltd (Registered number: 05710142)

Statement of Financial Position
31 May 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 5,705 7,607

CURRENT ASSETS
Cash at bank 5,227 12,394

CREDITORS
Amounts falling due within one year 5 33,519 32,870
NET CURRENT LIABILITIES (28,292 ) (20,476 )
TOTAL ASSETS LESS CURRENT LIABILITIES (22,587 ) (12,869 )

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings (22,687 ) (12,969 )
SHAREHOLDERS' FUNDS (22,587 ) (12,869 )

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 August 2024 and were signed by:




Mr A Wright - Director


Gemello Ltd (Registered number: 05710142)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Gemello Ltd 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 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 statement of financial position date.

Going concern
The director believes that preparing the financial statements on the going concern basis is appropriate due to the continued financial support of the director, who is also the controlling party.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Gemello Ltd (Registered number: 05710142)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 June 2023
and 31 May 2024 16,429
DEPRECIATION
At 1 June 2023 8,822
Charge for year 1,902
At 31 May 2024 10,724
NET BOOK VALUE
At 31 May 2024 5,705
At 31 May 2023 7,607

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Taxation and social security 2,780 5,679
Other creditors 30,739 27,191
33,519 32,870

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100