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REGISTERED NUMBER: 04443421 (England and Wales)
















Gemba Solutions Ltd

Financial Statements

for the Year Ended

31 December 2024






Gemba Solutions Ltd (Registered number: 04443421)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Gemba Solutions Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: A Cormack





REGISTERED OFFICE: Denham House
120 Long Street
Atherstone
Warwickshire
CV9 1AF





REGISTERED NUMBER: 04443421 (England and Wales)





AUDITORS: Moffat Gilbert
Unit 12
Shottery Brook Office Park
Timothy's Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NR

Gemba Solutions Ltd (Registered number: 04443421)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 3,140 8,181
Tangible assets 5 9,914 14,573
13,054 22,754

CURRENT ASSETS
Stocks 36,810 40,250
Debtors 6 362,124 313,953
Cash at bank and in hand 223,168 392,185
622,102 746,388
CREDITORS
Amounts falling due within one year 7 443,667 488,887
NET CURRENT ASSETS 178,435 257,501
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,489

280,255

CAPITAL AND RESERVES
Called up share capital 9 33,000 32,000
Share premium 10 1,074,317 895,317
Retained earnings 10 (915,828 ) (647,062 )
SHAREHOLDERS' FUNDS 191,489 280,255

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 20 May 2025 and were signed by:





A Cormack - Director


Gemba Solutions Ltd (Registered number: 04443421)

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

1. STATUTORY INFORMATION

Gemba Solutions 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.

The accounts have been prepared on the going concern basis. This is considered appropriate as the company is expanding its software product range and is committing a great deal of it's budget to advertising and promotion of these products. The director is endeavouring to obtain additional contracts for the company in the following financial period and is confident that the company will continue its return to profit as a result. The company has the continued support of the parent company, TEMBOGROUP B.V.

Turnover
Turnover represents the total amount receivable by the company from the sale of goods and provision of services exclusive of Value Added Tax.

In the case of contracts in progress, these provisions of services relate to applications on account to the extent they may be charged within the contract terms. These are then adjusted to reflect the economic stage of completion compared to the stage of invoicing by the company.

With respect to subscription and software maintenance contracts, the sums for these services are allocated pro rata, on a daily basis, to the accounting period to which the specified dates of the contract relates to.

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.

Website costs are being amortised evenly over their estimated useful life of five 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 - 33.3% on cost and 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Work in progress valuations are further adjusted to reflect any contract losses that have been identified.

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.


Gemba Solutions Ltd (Registered number: 04443421)

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

2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred. Development costs that relate to defined projects which are expected to earn future revenue are carried forward to be allocated against the derived income.

A new version of the main product is continually in the process of development.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
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 14 (2023 - 15 ) .

Gemba Solutions Ltd (Registered number: 04443421)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024 28,875
Additions 2,200
At 31 December 2024 31,075
AMORTISATION
At 1 January 2024 20,694
Charge for year 7,241
At 31 December 2024 27,935
NET BOOK VALUE
At 31 December 2024 3,140
At 31 December 2023 8,181

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 131,083
Additions 2,795
At 31 December 2024 133,878
DEPRECIATION
At 1 January 2024 116,510
Charge for year 7,454
At 31 December 2024 123,964
NET BOOK VALUE
At 31 December 2024 9,914
At 31 December 2023 14,573

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 182,488 186,133
Amounts owed by group undertakings 425 -
Other debtors 62,669 900
Tax 90,334 95,925
Accrued income 10 379
Prepayments 26,198 30,616
362,124 313,953

Gemba Solutions Ltd (Registered number: 04443421)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Corporation tax of £NIL within the above debtor is recoverable after more than one year (2023 £52,067).

The corporation tax is still recoverable but is contingent upon generating sufficient taxable profits to utilise the tax debtor. In note 6, the pertinent figure is shown correctly as £67,241 as the notional tax increased by £15,174 during the year, representing the 25% of the RDEC income for the year. The resultant £67,241 is then the notional tax carried forward as at 31 December 2024 but not provided to be prudent.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 10,240 9,737
Amounts owed to group undertakings 3,296 12,696
Social security and other taxes 57,786 77,990
Deferred income 354,431 365,198
Accrued expenses 17,914 23,266
443,667 488,887

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 32,551 33,274
Between one and five years 10,831 42,644
43,382 75,918

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
3,060,000 Ordinary £0.01 30,600 29,600
(31.12.23 - 2,960,000 )
240,000 'B' (Converted from 'B'
Ordinary) £0.01 2,400 2,400
33,000 32,000

100,000 Ordinary shares of £0.01 each were allotted as fully paid at a premium of £1.79 per share during the year.

Gemba Solutions Ltd (Registered number: 04443421)

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

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2024 (647,062 ) 895,317 248,255
Deficit for the year (268,766 ) (268,766 )
Cash share issue - 179,000 179,000
At 31 December 2024 (915,828 ) 1,074,317 158,489

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

G R F Gilbert FCA (Senior Statutory Auditor)
for and on behalf of Moffat Gilbert

12. RELATED PARTY DISCLOSURES

TEMBOGROUP B.V. is the parent undertaking of the company and provided goods and services to the company in the amount of £31,513 (2023 £31,211). The amount owed by the company to the parent undertaking at the year end in respect of these transactions was £3,296 (2023 £12,696).

In the year to 31 December 2024, the company made sales to associated companies within the group in the amount of £63,742 (2023 £101,570).

At 31 December 2024, the balances owed to the company by other group members totalled £425 (2023 £NIL).

13. ULTIMATE CONTROLLING PARTY

TEMBOGROUP B.V. (a company registered in The Netherlands) is considered to be the controlling party of the company. The registered office of this company is Constructieweg 45, 8263 BC Kampen, The Netherlands.