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REGISTERED NUMBER: 01911739 (England and Wales)














Financial Statements

for the Year Ended 31 August 2024

for

Gemini Conservatories and Windows Ltd

Gemini Conservatories and Windows Ltd (Registered number: 01911739)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gemini Conservatories and Windows Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: M P Dunne





REGISTERED OFFICE: Unit 2
395 Millfield Lane
Haydock
St Helens
Merseyside
WA11 9TD





REGISTERED NUMBER: 01911739 (England and Wales)





ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2-8 Oriel Road
Bootle
Liverpool
Merseyside
L20 7EP

Gemini Conservatories and Windows Ltd (Registered number: 01911739)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,457 51,899

CURRENT ASSETS
Stocks 8,648 13,844
Debtors 5 45,347 89,549
Cash at bank and in hand 103,400 62,516
157,395 165,909
CREDITORS
Amounts falling due within one year 6 145,996 125,548
NET CURRENT ASSETS 11,399 40,361
TOTAL ASSETS LESS CURRENT LIABILITIES 43,856 92,260

CREDITORS
Amounts falling due after more than one year 7 (8,379 ) (45,215 )

PROVISIONS FOR LIABILITIES (5,970 ) (3,572 )
NET ASSETS 29,507 43,473

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 29,407 43,373
SHAREHOLDERS' FUNDS 29,507 43,473

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

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

Gemini Conservatories and Windows Ltd (Registered number: 01911739)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 February 2025 and were signed by:





M P Dunne - Director


Gemini Conservatories and Windows Ltd (Registered number: 01911739)

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


1. STATUTORY INFORMATION

Gemini Conservatories and Windows Ltd 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 represents the value of goods sold during the period, net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
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.

Improvements to property - 20% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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 Statement of Income and Retained Earnings, 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.

Gemini Conservatories and Windows Ltd (Registered number: 01911739)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 59,994 5,229 38,226
Disposals - - -
At 31 August 2024 59,994 5,229 38,226
DEPRECIATION
At 1 September 2023 58,651 4,419 38,201
Charge for year 310 304 20
Eliminated on disposal - - -
At 31 August 2024 58,961 4,723 38,221
NET BOOK VALUE
At 31 August 2024 1,033 506 5
At 31 August 2023 1,343 810 25

Gemini Conservatories and Windows Ltd (Registered number: 01911739)

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


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 97,123 10,250 210,822
Disposals (44,812 ) - (44,812 )
At 31 August 2024 52,311 10,250 166,010
DEPRECIATION
At 1 September 2023 49,540 8,112 158,923
Charge for year 9,817 534 10,985
Eliminated on disposal (36,355 ) - (36,355 )
At 31 August 2024 23,002 8,646 133,553
NET BOOK VALUE
At 31 August 2024 29,309 1,604 32,457
At 31 August 2023 47,583 2,138 51,899

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023
and 31 August 2024 38,000
DEPRECIATION
At 1 September 2023 792
Charge for year 9,302
At 31 August 2024 10,094
NET BOOK VALUE
At 31 August 2024 27,906
At 31 August 2023 37,208

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 39,347 86,607
Other debtors 6,000 2,942
45,347 89,549

Gemini Conservatories and Windows Ltd (Registered number: 01911739)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 9,167 12,069
Hire purchase contracts - 5,702
Trade creditors 77,243 79,158
Taxation and social security 15,394 6,890
Other creditors 44,192 21,729
145,996 125,548

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 8,379 17,616
Hire purchase contracts - 27,599
8,379 45,215

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Hire purchase contracts - 33,301

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
M P Dunne
Balance outstanding at start of year - 8,932
Amounts advanced 1,659 -
Amounts repaid - (8,932 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,659 -