GEM CARPETS & BEDS LIMITED

Company Registration Number:
06236621 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

GEM CARPETS & BEDS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

GEM CARPETS & BEDS LIMITED

Balance sheet

As at 31 December 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 570,935 574,910
Total fixed assets: 570,935 574,910
Current assets
Stocks: 327,094 256,549
Debtors:   55,822 16,977
Cash at bank and in hand: 223,536 268,052
Investments:   10,636 13,217
Total current assets: 617,088 554,795
Creditors: amounts falling due within one year: 4 (229,491) (186,015)
Net current assets (liabilities): 387,597 368,780
Total assets less current liabilities: 958,532 943,690
Creditors: amounts falling due after more than one year: 5 (187,016) (226,751)
Provision for liabilities: (20,780) (18,850)
Total net assets (liabilities): 750,736 698,089
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 750,636 697,989
Shareholders funds: 750,736 698,089

The notes form part of these financial statements

GEM CARPETS & BEDS LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 April 2025
and signed on behalf of the board by:

Name: Barry David Sayer
Status: Director

The notes form part of these financial statements

GEM CARPETS & BEDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GEM CARPETS & BEDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 13 14

GEM CARPETS & BEDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 797,271
Additions 34,116
At 31 December 2024 831,387
Depreciation
At 01 January 2024 222,361
Charge for year 38,091
At 31 December 2024 260,452
Net book value
At 31 December 2024 570,935
At 31 December 2023 574,910

GEM CARPETS & BEDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

Bank loan and mortgage - £61,266 Trade creditors - £82,385 Corporation tax payable - £22,987 Value added tax - £20,117 Directors loans - £3,452 Other creditors - £14,938 Accruals - £24,346

GEM CARPETS & BEDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due after more than one year note

Bank loan and mortgage - £187,016