| REGISTERED NUMBER: |
| Gemba Solutions Ltd |
| Financial Statements |
| for the Year Ended |
| 31 December 2024 |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| 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 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Share premium | 10 |
| Retained earnings | 10 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the director and authorised for issue on |
| 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 |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Plant and machinery etc | - |
| 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 |
| 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 |
| Additions |
| At 31 December 2024 |
| AMORTISATION |
| At 1 January 2024 |
| Charge for year |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 January 2024 |
| Additions |
| At 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for year |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Tax |
| Accrued income |
| Prepayments |
| 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 |
| Amounts owed to group undertakings |
| Social security and other taxes |
| Deferred income | 354,431 | 365,198 |
| Accrued expenses |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Within one year |
| Between one and five years |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.24 | 31.12.23 |
| value: | £ | £ |
| Ordinary | £0.01 | 30,600 | 29,600 |
| (31.12.23 - 2,960,000 ) |
| '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 |
| 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 | ( |
) | 248,255 |
| Deficit for the year | ( |
) | ( |
) |
| Cash share issue | - | 179,000 | 179,000 |
| At 31 December 2024 | ( |
) | 158,489 |
| 11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 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. |