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REGISTERED NUMBER: 01567612 (England and Wales)






















Financial Statements

for the Year Ended 31 December 2024

for

Gemu Valves Limited

Gemu Valves Limited (Registered number: 01567612)






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


Gemu Valves Limited

Company Information
for the year ended 31 December 2024







DIRECTORS: Mr A M Arcas-White
Mr S Muller
Mr A P Winkler





SECRETARY: Mr A P Winkler





REGISTERED OFFICE: 10 Olympic Way
Birchwood
WA2 0YL





REGISTERED NUMBER: 01567612 (England and Wales)





AUDITORS: Leavitt Walmsley Associates Ltd
Chartered Certified Accountants
and Statutory Auditors
8 Eastway
Sale
Manchester
M33 4DX

Gemu Valves Limited (Registered number: 01567612)

Balance Sheet
31 December 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 546,346 592,428

CURRENT ASSETS
Stocks 5 45,086 43,440
Debtors 6 1,761,630 1,135,725
Cash at bank 1,877,325 1,493,819
3,684,041 2,672,984
CREDITORS
Amounts falling due within one year 7 (1,709,187 ) (856,944 )
NET CURRENT ASSETS 1,974,854 1,816,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,521,200

2,408,468

PROVISIONS FOR LIABILITIES (43,959 ) (47,926 )
NET ASSETS 2,477,241 2,360,542

CAPITAL AND RESERVES
Called up share capital 9 200,000 200,000
Retained earnings 2,277,241 2,160,542
SHAREHOLDERS' FUNDS 2,477,241 2,360,542

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 Board of Directors and authorised for issue on 10 March 2025 and were signed on its behalf by:




Mr A P Winkler - Director



Mr A M Arcas-White - Director


Gemu Valves Limited (Registered number: 01567612)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Gemu Valves Limited 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 financial statements are presented in GBP, which is the presentation and functional currency of the company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised on dispatch of the goods, which is the point at which the risks and rewards of ownership transfer from the company to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Plant and machinery - 20% & 33% on cost
Motor vehicles - 25-33% on cost
Computer equipment - 20% & 33% on cost

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Residual values of fixed assets are calculated on current prices which the assets would fetch in the open market if they were of the age and condition expected at the end of their useful economic lives. Profits or losses on disposal of fixed assets are included in the calculation of profit for the period.

At each balance sheet date, the directors review the useful lives and residual values of the company's assets and these are revised as necessary. Any revisions to useful lives and residual values are applied prospectively from the date of change.

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

Stock is valued on a average cost basis. Cost comprises the purchase price plus any costs directly attributable in bringing stock to the location and condition intended by management.

Estimated selling price (net realisable value) is based on the prices available in the market in which a willing, knowledgeable and informed third party would offer in exchange for the goods.

Stocks are reviewed at each balance sheet date for evidence of obsolescence or damage and their estimated selling price less costs to complete and sell established. Where estimated selling price is lower than cost, a write-down takes place which is recognised in profit and loss. Slow-moving items are also reviewed at each balance sheet date for evidence that cost is lower than estimated selling price less costs to complete and sell. Where any write-downs, or additional write-downs, are required, these are recognised in profit and loss.

Gemu Valves Limited (Registered number: 01567612)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply (where applicable) the provisions of FRS 102, Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial instruments, which include trade and other debtors and bank balances, are initially measured at transaction price, including transaction costs, and are subsequently measured at amortised cost using the effective interest rate, unless the arrangement constitutes a financing transaction. Financing transactions are measured at the present value of the future receipts discounted using a market rate of interest.

Basic financial instruments, including trade and other creditors and accruals are initially recognised at transaction price unless the arrangement constitutes a financing transaction. Financing transactions are measured at the present value of the future payments discounted using a market rate of interest.

Debt instruments are subsequently measured at amortised cost using the effective interest method.

Equity instruments issued by the company are recorded at the fair value of the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

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.

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.

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 18 (2023 - 17 ) .

Gemu Valves Limited (Registered number: 01567612)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£ £ £
COST
At 1 January 2024 725,717 8,258 121,422
Additions - - 9,228
Reversal of write off - - -
At 31 December 2024 725,717 8,258 130,650
DEPRECIATION
At 1 January 2024 257,676 7,803 50,664
Charge for year 21,438 210 9,793
Charge written back - - -
At 31 December 2024 279,114 8,013 60,457
NET BOOK VALUE
At 31 December 2024 446,603 245 70,193
At 31 December 2023 468,041 455 70,758

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 January 2024 222,714 47,284 1,125,395
Additions - 16,850 26,078
Reversal of write off - 1,800 1,800
At 31 December 2024 222,714 65,934 1,153,273
DEPRECIATION
At 1 January 2024 179,688 37,136 532,967
Charge for year 31,471 9,248 72,160
Charge written back - 1,800 1,800
At 31 December 2024 211,159 48,184 606,927
NET BOOK VALUE
At 31 December 2024 11,555 17,750 546,346
At 31 December 2023 43,026 10,148 592,428

5. STOCKS
2024 2023
£ £
Stocks 45,086 43,440

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 1,703,331 1,068,103
Other debtors - 27,179
Prepayments 58,299 40,443
1,761,630 1,135,725

Gemu Valves Limited (Registered number: 01567612)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 31,125 32,455
Tax 82,616 84,889
VAT 392,777 252,344
Other creditors 56,261 50,313
Due to group undertakings 981,469 387,466
Accruals & deferred income 164,939 49,477
1,709,187 856,944

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 23,161 14,613
Between one and five years 25,385 28,082
48,546 42,695

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
200,000 Ordinary shares £1 200,000 200,000

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

The Report of the Auditors was unqualified.

Steven John Collings FCCA (Senior Statutory Auditor)
for and on behalf of Leavitt Walmsley Associates Ltd

11. CONTINGENCIES

The company has given a bank guarantee of £4,000 to HM Revenue and Customs.

12. PARENT COMPANY

The immediate parent undertaking is Gemu Holding AG (Ltd) a company incorporated in Switzerland.

The ultimate parent undertaking and the smallest and largest group to consolidate these financial statements is Gemu Holding Gmbh & Co KG, a limited partnership business entity incorporated in Germany. Copies of the consolidated accounts can be obtained from the Secretary at Fritz Muller Strasse 8, 74653 Ingelfingen, Germany.