0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 11917413 2023-05-01 2024-04-30 11917413 2024-04-30 11917413 2023-04-30 11917413 2022-05-01 2023-04-30 11917413 2023-04-30 11917413 2022-04-30 11917413 core:MotorVehicles 2023-05-01 2024-04-30 11917413 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 11917413 bus:Director4 2023-05-01 2024-04-30 11917413 core:MotorVehicles 2023-04-30 11917413 core:MotorVehicles 2024-04-30 11917413 core:WithinOneYear 2024-04-30 11917413 core:WithinOneYear 2023-04-30 11917413 core:AfterOneYear 2024-04-30 11917413 core:AfterOneYear 2023-04-30 11917413 core:ShareCapital 2024-04-30 11917413 core:ShareCapital 2023-04-30 11917413 core:RetainedEarningsAccumulatedLosses 2024-04-30 11917413 core:RetainedEarningsAccumulatedLosses 2023-04-30 11917413 core:MotorVehicles 2023-04-30 11917413 bus:SmallEntities 2023-05-01 2024-04-30 11917413 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 11917413 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11917413 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11917413 bus:FullAccounts 2023-05-01 2024-04-30 11917413 bus:OrdinaryShareClass1 2024-04-30 11917413 bus:OrdinaryShareClass1 2023-04-30
COMPANY REGISTRATION NUMBER: 11917413
Gemini Security Team Limited
Filleted Unaudited Financial Statements
30 April 2024
Gemini Security Team Limited
Financial Statements
Year ended 30 April 2024
Contents
Pages
Statement of financial position
1
Notes to the financial statements
2 to 4
Gemini Security Team Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
10,723
14,296
Current assets
Debtors
5
21,467
14,045
Cash at bank and in hand
4,363
4,354
--------
--------
25,830
18,399
Creditors: amounts falling due within one year
6
( 33,109)
( 26,081)
--------
--------
Net current liabilities
( 7,279)
( 7,682)
--------
--------
Total assets less current liabilities
3,444
6,614
Creditors: amounts falling due after more than one year
7
( 15,999)
( 25,333)
--------
--------
Net liabilities
( 12,555)
( 18,719)
--------
--------
Capital and reserves
Called up share capital
8
1
1
Profit and loss account
( 12,556)
( 18,720)
--------
--------
Shareholders deficit
( 12,555)
( 18,719)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 22 January 2025 , and are signed on behalf of the board by:
Mr R W Golding
Director
Company registration number: 11917413
Gemini Security Team Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Marina Control, Cleddau House, Milford Haven, Pembrokeshire, SA73 3AF, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% reducing balance
Office equipment
-
25 % reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Tangible assets
Motor vehicles
Office equipment
Total
£
£
£
Cost
At 1 May 2023 and 30 April 2024
23,999
1,751
25,750
--------
-------
--------
Depreciation
At 1 May 2023
10,500
954
11,454
Charge for the year
3,374
199
3,573
--------
-------
--------
At 30 April 2024
13,874
1,153
15,027
--------
-------
--------
Carrying amount
At 30 April 2024
10,125
598
10,723
--------
-------
--------
At 30 April 2023
13,499
797
14,296
--------
-------
--------
5. Debtors
2024
2023
£
£
Trade debtors
21,467
14,045
--------
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loan (secured)
9,337
9,500
Trade creditors
4,444
3,534
Social security and other taxes
6,594
5,498
Other creditors
12,734
7,549
--------
--------
33,109
26,081
--------
--------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loan (secured)
15,999
25,333
--------
--------
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
9. Related party transactions
The company was under the control of Mr R W Golding , the managing director, throughout the current and previous year by virtue of his interest in 100% of the issued ordinary share capital. No transactions with related parties were undertaken such as are required to be disclosed under FRS102.