Registration number:
GEM Supplies International Limited
for the Year Ended 31 March 2025
GEM Supplies International Limited
Contents
Company Information |
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Abridged Balance Sheet |
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Notes to the Unaudited Abridged Financial Statements |
GEM Supplies International Limited
Company Information
Directors |
Mr Mark Sigsworth Mr Daniel Paul Sigsworth Mr Gregory Sigsworth |
Registered office |
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Accountants |
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GEM Supplies International Limited
(Registration number: 09580583)
Abridged Balance Sheet as at 31 March 2025
Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Accruals and deferred income |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
150 |
150 |
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Retained earnings |
33,503 |
32,439 |
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Shareholders' funds |
33,653 |
32,589 |
For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
GEM Supplies International Limited
(Registration number: 09580583)
Abridged Balance Sheet as at 31 March 2025
Approved and authorised by the
.........................................
Mr Gregory Sigsworth
Director
GEM Supplies International Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Intangible assets
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being
amortised evenly over its estimated useful life of five years.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
GEM Supplies International Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025
Intangible assets |
Total |
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Cost or valuation |
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At 1 April 2024 |
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At 31 March 2025 |
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Amortisation |
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At 1 April 2024 |
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At 31 March 2025 |
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Carrying amount |
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At 31 March 2025 |
- |
Tangible assets |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 April 2024 |
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At 31 March 2025 |
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Depreciation |
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At 1 April 2024 |
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Charge for the year |
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At 31 March 2025 |
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Carrying amount |
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At 31 March 2025 |
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At 31 March 2024 |
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GEM Supplies International Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025
Share capital |
Allotted, called up and fully paid shares
2025 |
2024 |
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No. |
£ |
No. |
£ |
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150 |
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150 |
Dividends |
2025 |
2024 |
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£ |
£ |
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Interim dividend of £ |
29,603 |
39,838 |
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