Company Registration No. 13207899 (England and Wales)
Gems Drilling Consultancy Ltd
Unaudited accounts
for the year ended 29 February 2024
Gems Drilling Consultancy Ltd
Unaudited accounts
Contents
Gems Drilling Consultancy Ltd
Company Information
for the year ended 29 February 2024
Director
Simon Alexander Thomson
Company Number
13207899 (England and Wales)
Registered Office
4 KING STREET
SPENNYMOOR
DL16 6QG
ENGLAND
Gems Drilling Consultancy Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
183,370
87,639
Cash at bank and in hand
166,959
82,473
Creditors: amounts falling due within one year
(88,715)
(35,205)
Net current assets
97,840
71,234
Total assets less current liabilities
281,210
158,873
Creditors: amounts falling due after more than one year
(114,643)
(27,210)
Net assets
166,567
131,663
Profit and loss account
166,567
131,663
Shareholders' funds
166,567
131,663
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 members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 October 2024 and were signed on its behalf by
Simon Alexander Thomson
Director
Company Registration No. 13207899
Gems Drilling Consultancy Ltd
Notes to the Accounts
for the year ended 29 February 2024
Gems Drilling Consultancy Ltd is a private company, limited by shares, registered in England and Wales, registration number 13207899. The registered office is 4 KING STREET, SPENNYMOOR, DL16 6QG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% RB
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
43,380
46,664
-
90,044
Additions
106,392
-
205
106,597
At 29 February 2024
149,772
46,664
205
196,641
At 1 March 2023
1,627
778
-
2,405
Charge for the year
6,263
4,588
15
10,866
At 29 February 2024
7,890
5,366
15
13,271
At 29 February 2024
141,882
41,298
190
183,370
At 28 February 2023
41,753
45,886
-
87,639
Amounts falling due within one year
Trade debtors
19,596
23,966
Gems Drilling Consultancy Ltd
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
80,000
26,928
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
114,643
27,210
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).