Gammexa Limited Filleted Accounts Cover
Gammexa Limited
Company No. 09210746
Information for Filing with The Registrar
28 February 2024
Gammexa Limited Balance Sheet Registrar
at
28 February 2024
Company No.
09210746
Notes
2024
2023
£
£
Fixed assets
Investments
5
846,053672,016
846,053672,016
Current assets
Debtors
6
140,292118,842
Cash at bank and in hand
70,568138,671
210,860257,513
Creditors: Amount falling due within one year
7
(1,511)
(55,686)
Net current assets
209,349201,827
Total assets less current liabilities
1,055,402873,843
Net assets
1,055,402873,843
Capital and reserves
Called up share capital
11
Profit and loss account
9
1,055,401873,842
Total equity
1,055,402873,843
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the period ended 28 February 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 11 July 2024 and signed on its behalf by:
A.D. Nicol
Director
11 July 2024
Gammexa Limited Notes to the Accounts Registrar
for the period ended 28 February 2024
1
General information
Gammexa Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 09210746
Its registered office is:
Its trading address is:
20 Edge Lane
20 Edge Lane
Manchester
Manchester
M21 9JF
M21 9JF
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Items of income or expenses of exceptional size or incidence
2024
2023
£
£
Profit/(Loss) on disposal of listed investments
9024,056
4
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the period:
11
5
Investments
Investment in Subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 1 March 2023
2
672,014
672,016
Additions
-
69,120
69,120
Revaluation
-
134,914
134,914
Disposals
-
(29,997)
(29,997)
At 28 February 2024
2
846,051
846,053
Provisions/Impairment
Net book values
At 28 February 2024
2
846,051
846,053
At 28 February 2023
2
672,014
672,016
6
Debtors
2024
2023
£
£
Amounts owed by group undertakings
30,996-
Deferred tax asset
22,864-
Loans to directors
86,432118,842
140,292118,842
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
-
50,204
Taxes and social security
10
3,981
Accruals and deferred income
1,5011,501
1,51155,686
8
Share Capital
1 ordinary share fully paid with an aggregate nominal value of £1.00.
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
10
Advances and credits to directors
2024
£
At 1 March 2023
118,842
Advanced in the period
86,432
Amounts repaid in the period
118,842
At 28 February 2024
86,432
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