Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 04826706 Mr S Mina Mrs K Mina Mrs K Mina iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04826706 2023-07-31 04826706 2024-07-31 04826706 2023-08-01 2024-07-31 04826706 frs-core:CurrentFinancialInstruments 2024-07-31 04826706 frs-core:ComputerEquipment 2023-08-01 2024-07-31 04826706 frs-core:NetGoodwill 2024-07-31 04826706 frs-core:NetGoodwill 2023-08-01 2024-07-31 04826706 frs-core:NetGoodwill 2023-07-31 04826706 frs-core:PlantMachinery 2024-07-31 04826706 frs-core:PlantMachinery 2023-08-01 2024-07-31 04826706 frs-core:PlantMachinery 2023-07-31 04826706 frs-core:ShareCapital 2024-07-31 04826706 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 04826706 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04826706 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 04826706 frs-bus:SmallEntities 2023-08-01 2024-07-31 04826706 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04826706 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 04826706 frs-bus:Director1 2023-08-01 2024-07-31 04826706 frs-bus:Director2 2023-08-01 2024-07-31 04826706 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 04826706 frs-countries:EnglandWales 2023-08-01 2024-07-31 04826706 2022-07-31 04826706 2023-07-31 04826706 2022-08-01 2023-07-31 04826706 frs-core:CurrentFinancialInstruments 2023-07-31 04826706 frs-core:ShareCapital 2023-07-31 04826706 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 04826706
Gemina Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04826706
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 20,153 7,002
20,153 7,002
CURRENT ASSETS
Debtors 6 400 580
Cash at bank and in hand 17,753 9,824
18,153 10,404
Creditors: Amounts Falling Due Within One Year 7 (22,779 ) (23,916 )
NET CURRENT ASSETS (LIABILITIES) (4,626 ) (13,512 )
TOTAL ASSETS LESS CURRENT LIABILITIES 15,527 (6,510 )
NET ASSETS/(LIABILITIES) 15,527 (6,510 )
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 15,517 (6,520 )
SHAREHOLDERS' FUNDS 15,527 (6,510)
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For the year ending 31 July 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 directors acknowledge their 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
Mrs K Mina
Director
11th March 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Gemina Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04826706 . The registered office is 15 Somerset Road, East Preston , Littlehampton , BN16 1BZ.
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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% on cost
Computer Equipment 25% on cost
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 25,000
As at 31 July 2024 25,000
Amortisation
As at 1 August 2023 25,000
As at 31 July 2024 25,000
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 -
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 August 2023 27,767
Additions 17,324
As at 31 July 2024 45,091
Depreciation
As at 1 August 2023 20,765
Provided during the period 4,173
As at 31 July 2024 24,938
Net Book Value
As at 31 July 2024 20,153
As at 1 August 2023 7,002
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 580
Other debtors 400 -
400 580
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other loans 4,900 7,660
Other creditors 15,056 16,256
Taxation and social security 2,823 -
22,779 23,916
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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