IRIS Accounts Production v24.3.0.553 06938100 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069381002023-03-31069381002024-03-31069381002023-04-012024-03-31069381002022-03-31069381002022-04-012023-03-31069381002023-03-3106938100ns15:EnglandWales2023-04-012024-03-3106938100ns14:PoundSterling2023-04-012024-03-3106938100ns10:Director12023-04-012024-03-3106938100ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106938100ns10:SmallEntities2023-04-012024-03-3106938100ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106938100ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106938100ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106938100ns10:FullAccounts2023-04-012024-03-3106938100ns10:CompanySecretary12023-04-012024-03-3106938100ns10:RegisteredOffice2023-04-012024-03-3106938100ns5:CurrentFinancialInstruments2024-03-3106938100ns5:CurrentFinancialInstruments2023-03-3106938100ns5:Non-currentFinancialInstruments2024-03-3106938100ns5:Non-currentFinancialInstruments2023-03-3106938100ns5:ShareCapital2024-03-3106938100ns5:ShareCapital2023-03-3106938100ns5:RetainedEarningsAccumulatedLosses2024-03-3106938100ns5:RetainedEarningsAccumulatedLosses2023-03-3106938100ns5:FurnitureFittings2023-04-012024-03-3106938100ns5:MotorVehicles2023-04-012024-03-3106938100ns5:FurnitureFittings2023-03-3106938100ns5:MotorVehicles2023-03-3106938100ns5:FurnitureFittings2024-03-3106938100ns5:MotorVehicles2024-03-3106938100ns5:FurnitureFittings2023-03-3106938100ns5:MotorVehicles2023-03-3106938100ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3106938100ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3106938100ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-3106938100ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3106938100ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3106938100ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 06938100 (England and Wales)















Gemjar Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Gemjar Limited (Registered number: 06938100)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gemjar Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S A Wilce





SECRETARY:





REGISTERED OFFICE: Ivy Cottage
Cotswold Close
Brimscombe
Stroud
Gloucestershire
GL5 2UA





REGISTERED NUMBER: 06938100 (England and Wales)





ACCOUNTANTS: M.D. Cobb F.M.A.A.T.
Cobb & Co Accountants Limited
30 Sleaford Road
Bracebridge Heath
Lincoln
Lincolnshire
LN4 2ND

Gemjar Limited (Registered number: 06938100)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 88,281 48,428

CURRENT ASSETS
Stocks 130,523 111,331
Debtors 5 64,328 64,540
Cash at bank 107,675 88,360
302,526 264,231
CREDITORS
Amounts falling due within one year 6 88,322 86,366
NET CURRENT ASSETS 214,204 177,865
TOTAL ASSETS LESS CURRENT
LIABILITIES

302,485

226,293

CREDITORS
Amounts falling due after more than one
year

7

(58,540

)

(91,899

)

PROVISIONS FOR LIABILITIES (22,070 ) (9,201 )
NET ASSETS 221,875 125,193

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings 221,867 125,185
SHAREHOLDERS' FUNDS 221,875 125,193

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

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

Gemjar Limited (Registered number: 06938100)

Balance Sheet - continued
31 March 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 director and authorised for issue on 20 September 2024 and were signed by:





S A Wilce - Director


Gemjar Limited (Registered number: 06938100)

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

1. STATUTORY INFORMATION

Gemjar 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.

Related party exemption
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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures, fittings & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.

Gemjar Limited (Registered number: 06938100)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings Motor
& equipment vehicles Totals
£    £    £   
COST
At 1 April 2023 30,491 52,371 82,862
Additions 25,318 43,961 69,279
At 31 March 2024 55,809 96,332 152,141
DEPRECIATION
At 1 April 2023 16,970 17,464 34,434
Charge for year 9,709 19,717 29,426
At 31 March 2024 26,679 37,181 63,860
NET BOOK VALUE
At 31 March 2024 29,130 59,151 88,281
At 31 March 2023 13,521 34,907 48,428

Gemjar Limited (Registered number: 06938100)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 47,954
DEPRECIATION
At 1 April 2023 16,360
Charge for year 7,899
At 31 March 2024 24,259
NET BOOK VALUE
At 31 March 2024 23,695
At 31 March 2023 31,594

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 62,204 51,156
Other debtors 2,124 13,384
64,328 64,540

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 11,125 5,750
Trade creditors 6,364 15,742
Taxation and social security 41,214 28,665
Other creditors 29,619 36,209
88,322 86,366

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 20,432 30,023
Other creditors 38,108 61,876
58,540 91,899

Gemjar Limited (Registered number: 06938100)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 31,557 35,773

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £58,500 (2023 - £3,000) were paid to the directors .

10. ULTIMATE CONTROLLING PARTY

The controlling party is S A Wilce.