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REGISTERED NUMBER: 09937056 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Gem Healthcare Solutions Limited

Gem Healthcare Solutions Limited (Registered number: 09937056)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gem Healthcare Solutions Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Ms L Jones
R Hill-Evans





SECRETARY:





REGISTERED OFFICE: 32/33 Restdale House
Foregate Street
Worcester
West Midlands
WR1 1EE





REGISTERED NUMBER: 09937056 (England and Wales)





ACCOUNTANTS: SW&A Accountants
Unit 14
Elgar Business Centre
Moseley Road
Worcester
Worcestershire
WR2 6NJ

Gem Healthcare Solutions Limited (Registered number: 09937056)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,387 1,823

CURRENT ASSETS
Debtors 5 388,072 247,485
Cash at bank and in hand 5,241 1,650
393,313 249,135
CREDITORS
Amounts falling due within one year 6 346,089 181,782
NET CURRENT ASSETS 47,224 67,353
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,611

69,176

CREDITORS
Amounts falling due after more than
one year

7

(25,524

)

(35,285

)

PROVISIONS FOR LIABILITIES (1,214 ) (346 )
NET ASSETS 26,873 33,545

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 26,772 33,444
26,873 33,545

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

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

Gem Healthcare Solutions Limited (Registered number: 09937056)

Balance Sheet - continued
31 January 2024


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 Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





Ms L Jones - Director


Gem Healthcare Solutions Limited (Registered number: 09937056)

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

1. STATUTORY INFORMATION

Gem Healthcare 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 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.
Plant and machinery etc - 33% on cost and 20% 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 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.

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 34 (2023 - 37 ) .

Gem Healthcare Solutions Limited (Registered number: 09937056)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 12,572
Additions 6,161
At 31 January 2024 18,733
DEPRECIATION
At 1 February 2023 10,749
Charge for year 1,597
At 31 January 2024 12,346
NET BOOK VALUE
At 31 January 2024 6,387
At 31 January 2023 1,823

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 375,836 165,171
Other debtors 12,236 82,314
388,072 247,485

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 29,073 (4,780 )
Taxation and social security 105,697 102,508
Other creditors 211,319 84,054
346,089 181,782

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 25,524 35,285

Gem Healthcare Solutions Limited (Registered number: 09937056)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.1.24 31.1.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 25,524 35,285

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
Ms L Jones
Balance outstanding at start of year 74,735 56,262
Amounts advanced 7,910 68,473
Amounts repaid (85,000 ) (50,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,355 ) 74,735