5 5 GEM Supplies International Limited 09580583 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is Online Retailer Digita Accounts Production Advanced 6.30.9574.0 true 09580583 2024-04-01 2025-03-31 09580583 2025-03-31 09580583 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2025-03-31 09580583 core:CurrentFinancialInstruments 2025-03-31 09580583 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 09580583 core:FurnitureFittingsToolsEquipment 2025-03-31 09580583 bus:SmallEntities 2024-04-01 2025-03-31 09580583 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 09580583 bus:FilletedAccounts 2024-04-01 2025-03-31 09580583 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09580583 bus:RegisteredOffice 2024-04-01 2025-03-31 09580583 bus:Director1 2024-04-01 2025-03-31 09580583 bus:Director2 2024-04-01 2025-03-31 09580583 bus:Director3 2024-04-01 2025-03-31 09580583 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-04-01 2025-03-31 09580583 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09580583 bus:Agent1 2024-04-01 2025-03-31 09580583 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 09580583 countries:AllCountries 2024-04-01 2025-03-31 09580583 2024-03-31 09580583 core:FurnitureFittingsToolsEquipment 2024-03-31 09580583 2023-04-01 2024-03-31 09580583 2024-03-31 09580583 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-03-31 09580583 core:CurrentFinancialInstruments 2024-03-31 09580583 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09580583 core:FurnitureFittingsToolsEquipment 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 09580583

GEM Supplies International Limited

Annual Report and Abridged Financial Statements

for the Year Ended 31 March 2025

 

GEM Supplies International Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

GEM Supplies International Limited

Company Information

Directors

Mr Mark Sigsworth

Mr Daniel Paul Sigsworth

Mr Gregory Sigsworth

Registered office

Unit C2
Bentley Avenue
Cowpen Lane Industrial Estate
Billingham
Cleveland
TS23 4BU

Accountants

Bentley Accountancy Limited Biz Hub
Coxwold Way
Belasis Hall Technology Park
Billingham
TS23 4EA

 

GEM Supplies International Limited

(Registration number: 09580583)
Abridged Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

7,523

8,850

Current assets

 

Stocks

67,679

54,072

Debtors

629

785

Cash at bank and in hand

 

21,327

28,331

 

89,635

83,188

Prepayments and accrued income

 

1,488

2,698

Creditors: Amounts falling due within one year

(63,403)

(60,557)

Net current assets

 

27,720

25,329

Total assets less current liabilities

 

35,243

34,179

Accruals and deferred income

 

(1,590)

(1,590)

Net assets

 

33,653

32,589

Capital and reserves

 

Called up share capital

5

150

150

Retained earnings

33,503

32,439

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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

GEM Supplies International Limited

(Registration number: 09580583)
Abridged Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 25 June 2025 and signed on its behalf by:
 

.........................................

Mr Gregory Sigsworth

Director

 

GEM Supplies International Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

1

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.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

 

GEM Supplies International Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

3

Intangible assets

Total
£

Cost or valuation

At 1 April 2024

30,000

At 31 March 2025

30,000

Amortisation

At 1 April 2024

30,000

At 31 March 2025

30,000

Carrying amount

At 31 March 2025

-

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2024

19,901

19,901

At 31 March 2025

19,901

19,901

Depreciation

At 1 April 2024

11,051

11,051

Charge for the year

1,327

1,327

At 31 March 2025

12,378

12,378

Carrying amount

At 31 March 2025

7,523

7,523

At 31 March 2024

8,850

8,850

 

GEM Supplies International Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

5

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

150

150

150

150

       

6

Dividends

2025

2024

£

£

Interim dividend of £197.35 (2024 - £265.59) per ordinary share

29,603

39,838