IRIS Accounts Production v24.3.2.46 08025251 director 1.5.23 30.4.24 30.4.24 0 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080252512023-04-30080252512024-04-30080252512023-05-012024-04-30080252512022-04-30080252512022-05-012023-04-30080252512023-04-3008025251ns15:EnglandWales2023-05-012024-04-3008025251ns14:PoundSterling2023-05-012024-04-3008025251ns10:Director12023-05-012024-04-3008025251ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3008025251ns10:SmallEntities2023-05-012024-04-3008025251ns10:AuditExemptWithAccountantsReport2023-05-012024-04-3008025251ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3008025251ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3008025251ns10:FullAccounts2023-05-012024-04-300802525112023-05-012024-04-3008025251ns10:OrdinaryShareClass12023-05-012024-04-3008025251ns10:RegisteredOffice2023-05-012024-04-3008025251ns5:CurrentFinancialInstruments2024-04-3008025251ns5:CurrentFinancialInstruments2023-04-3008025251ns5:Non-currentFinancialInstruments2024-04-3008025251ns5:Non-currentFinancialInstruments2023-04-3008025251ns5:ShareCapital2024-04-3008025251ns5:ShareCapital2023-04-3008025251ns5:RetainedEarningsAccumulatedLosses2024-04-3008025251ns5:RetainedEarningsAccumulatedLosses2023-04-3008025251ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3008025251ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-05-012024-04-3008025251ns5:PlantMachinery2023-05-012024-04-3008025251ns5:IntangibleAssetsOtherThanGoodwill2023-04-3008025251ns5:IntangibleAssetsOtherThanGoodwill2024-04-3008025251ns5:IntangibleAssetsOtherThanGoodwill2023-04-3008025251ns5:PlantMachinery2023-04-3008025251ns5:PlantMachinery2024-04-3008025251ns5:PlantMachinery2023-04-3008025251ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3008025251ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3008025251ns10:OrdinaryShareClass12024-04-3008025251ns5:RetainedEarningsAccumulatedLosses2023-04-3008025251ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-30
REGISTERED NUMBER: 08025251 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

G SCOTT GEMS LIMITED

G SCOTT GEMS LIMITED (REGISTERED NUMBER: 08025251)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

G SCOTT GEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 April 2024







DIRECTOR: Miss J Rowe





REGISTERED OFFICE: 1053 London Road
Leigh-on-Sea
Essex
SS9 3JP





REGISTERED NUMBER: 08025251 (England and Wales)





ACCOUNTANTS: Richmond Gatehouse LLP
1053 London Road
Leigh-on-sea
Essex
SS9 3JP

G SCOTT GEMS LIMITED (REGISTERED NUMBER: 08025251)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 661 661
Tangible assets 5 461 692
1,122 1,353

CURRENT ASSETS
Stocks 42,042 50,042
Debtors 6 3,000 3,000
Cash at bank 4,760 32,680
49,802 85,722
CREDITORS
Amounts falling due within one year 7 (67,451 ) (85,657 )
NET CURRENT (LIABILITIES)/ASSETS (17,649 ) 65
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,527

)

1,418

CREDITORS
Amounts falling due after more than one
year

8

(4,640

)

(1,884

)
NET LIABILITIES (21,167 ) (466 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (21,267 ) (566 )
SHAREHOLDERS' FUNDS (21,167 ) (466 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

G SCOTT GEMS LIMITED (REGISTERED NUMBER: 08025251)

BALANCE SHEET - continued
30 April 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 31 January 2025 and were signed by:





Miss J Rowe - Director


G SCOTT GEMS LIMITED (REGISTERED NUMBER: 08025251)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2024


1. STATUTORY INFORMATION

G Scott Gems 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise fee are being amortised evenly over their estimated useful life of nil years.

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 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.

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 2 (2023 - NIL ) .

G SCOTT GEMS LIMITED (REGISTERED NUMBER: 08025251)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 April 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 661
NET BOOK VALUE
At 30 April 2024 661
At 30 April 2023 661

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 4,570
DEPRECIATION
At 1 May 2023 3,878
Charge for year 231
At 30 April 2024 4,109
NET BOOK VALUE
At 30 April 2024 461
At 30 April 2023 692

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,000 3,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors (2 ) 4,471
Taxation and social security 13,289 14,212
Other creditors 54,164 66,974
67,451 85,657

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 4,640 1,884

G SCOTT GEMS LIMITED (REGISTERED NUMBER: 08025251)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 April 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 May 2023 (566 )
Deficit for the year (20,701 )
At 30 April 2024 (21,267 )

11. ULTIMATE CONTROLLING PARTY

The controlling party is Miss J Rowe.

G SCOTT GEMS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
G SCOTT GEMS LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Richmond Gatehouse LLP
1053 London Road
Leigh-on-sea
Essex
SS9 3JP


31 January 2025