Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 07534427 Tyron Shipp iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07534427 2023-02-28 07534427 2024-02-29 07534427 2023-03-01 2024-02-29 07534427 frs-core:CurrentFinancialInstruments 2024-02-29 07534427 frs-core:MotorVehicles 2024-02-29 07534427 frs-core:MotorVehicles 2023-03-01 2024-02-29 07534427 frs-core:MotorVehicles 2023-02-28 07534427 frs-core:PlantMachinery 2024-02-29 07534427 frs-core:PlantMachinery 2023-03-01 2024-02-29 07534427 frs-core:PlantMachinery 2023-02-28 07534427 frs-core:ShareCapital 2024-02-29 07534427 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 07534427 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07534427 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 07534427 frs-bus:SmallEntities 2023-03-01 2024-02-29 07534427 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 07534427 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 07534427 frs-bus:Director1 2023-03-01 2024-02-29 07534427 frs-countries:EnglandWales 2023-03-01 2024-02-29 07534427 2022-02-28 07534427 2023-02-28 07534427 2022-03-01 2023-02-28 07534427 frs-core:CurrentFinancialInstruments 2023-02-28 07534427 frs-core:ShareCapital 2023-02-28 07534427 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 07534427
Gembil Construction Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Nijjer Accountants Ltd
Chartered Accountants
5-7 Station Road
Longfield
Kent
DA3 7QD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07534427
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 24,632 29,566
24,632 29,566
CURRENT ASSETS
Debtors 5 8,705 5,492
Cash at bank and in hand - 3,011
8,705 8,503
Creditors: Amounts Falling Due Within One Year 6 (102,140 ) (92,911 )
NET CURRENT ASSETS (LIABILITIES) (93,435 ) (84,408 )
TOTAL ASSETS LESS CURRENT LIABILITIES (68,803 ) (54,842 )
NET LIABILITIES (68,803 ) (54,842 )
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (68,805 ) (54,844 )
SHAREHOLDERS' FUNDS (68,803) (54,842)
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For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Tyron Shipp
Director
22 October 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
Gembil Construction Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07534427 . The registered office is 45 Station Road, Longfield, Kent, DA3 7QD.
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. 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:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
2.4. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2.5. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.6. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 March 2023 82,458 60,526 142,984
As at 29 February 2024 82,458 60,526 142,984
Depreciation
As at 1 March 2023 57,877 55,541 113,418
Provided during the period 3,687 1,247 4,934
As at 29 February 2024 61,564 56,788 118,352
Net Book Value
As at 29 February 2024 20,894 3,738 24,632
As at 1 March 2023 24,581 4,985 29,566
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 8,705 5,492
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 483
Bank loans and overdrafts - 1,044
Other creditors 102,140 90,075
Taxation and social security - 1,309
102,140 92,911
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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