Acorah Software Products - Accounts Production 15.0.600 false true false 1 December 2022 30 November 2023 30 November 2023 14504617 Mr Errol Bryce Mrs Teresinha Da Silva Bryce iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14504617 2022-11-30 14504617 2023-11-30 14504617 2022-12-01 2023-11-30 14504617 frs-core:CurrentFinancialInstruments 2023-11-30 14504617 frs-core:FurnitureFittings 2023-11-30 14504617 frs-core:FurnitureFittings 2022-12-01 2023-11-30 14504617 frs-core:FurnitureFittings 2022-11-30 14504617 frs-core:NetGoodwill 2023-11-30 14504617 frs-core:NetGoodwill 2022-12-01 2023-11-30 14504617 frs-core:NetGoodwill 2022-11-30 14504617 frs-core:WithinOneYear 2023-11-30 14504617 frs-core:ShareCapital 2023-11-30 14504617 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 14504617 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 14504617 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 14504617 frs-bus:SmallEntities 2022-12-01 2023-11-30 14504617 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 14504617 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 14504617 frs-bus:Director1 2022-12-01 2023-11-30 14504617 frs-bus:Director2 2022-12-01 2023-11-30 14504617 frs-countries:EnglandWales 2022-12-01 2023-11-30
Registered number: 14504617
Gemter Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
JML Business Services Limited
25 Church Street
Godalming
Surrey
GU7 1EL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14504617
2023
Notes £ £
FIXED ASSETS
Intangible Assets 4 40,000
Tangible Assets 5 8,000
48,000
CURRENT ASSETS
Debtors 6 305
Cash at bank and in hand 7,661
7,966
Creditors: Amounts Falling Due Within One Year 7 (73,370 )
NET CURRENT ASSETS (LIABILITIES) (65,404 )
TOTAL ASSETS LESS CURRENT LIABILITIES (17,404 )
NET LIABILITIES (17,404 )
CAPITAL AND RESERVES
Called up share capital 8 100
Profit and Loss Account (17,504 )
SHAREHOLDERS' FUNDS (17,404)
Page 1
Page 2
For the year ending 30 November 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Errol Bryce
Director
Mrs Teresinha Da Silva Bryce
Director
23/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Gemter Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14504617 . The registered office is Thyme for Tea, 14 Church Street, Godalming, Surrey, GU7 1EW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4
4
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2022 40,000
As at 30 November 2023 40,000
Net Book Value
As at 30 November 2023 40,000
As at 1 December 2022 40,000
Page 3
Page 4
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 December 2022 10,000
As at 30 November 2023 10,000
Depreciation
As at 1 December 2022 -
Provided during the period 2,000
As at 30 November 2023 2,000
Net Book Value
As at 30 November 2023 8,000
As at 1 December 2022 10,000
6. Debtors
2023
£
Due within one year
Trade debtors 305
7. Creditors: Amounts Falling Due Within One Year
2023
£
Other creditors 71,096
Taxation and social security 2,274
73,370
Within other creditors is a directors loan account of £68,398 which is interest free and repayable on demand.
8. Share Capital
2023
£
Allotted, Called up and fully paid 100
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023
£
Not later than one year 12,500
12,500
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