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Registered number: 07501027
Gemini Cleaning Systems Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Earp Accountancy Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07501027
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 (1 ) 423
(1 ) 423
CURRENT ASSETS
Stocks 5 - 1,000
Debtors 6 33,902 102,507
Cash at bank and in hand 115,575 188,467
149,477 291,974
Creditors: Amounts Falling Due Within One Year 7 (21,571 ) (39,342 )
NET CURRENT ASSETS (LIABILITIES) 127,906 252,632
TOTAL ASSETS LESS CURRENT LIABILITIES 127,905 253,055
Creditors: Amounts Falling Due After More Than One Year 8 (14,803 ) (25,793 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 - (1,120 )
NET ASSETS 113,102 226,142
CAPITAL AND RESERVES
Called up share capital 10 2 2
Capital redemption reserve 116,493 116,493
Profit and Loss Account (3,393 ) 109,647
SHAREHOLDERS' FUNDS 113,102 226,142
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Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ivan Sewell
Director
17/07/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Gemini Cleaning Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07501027 . The registered office is Unit 4 Appleby Glade Industrial Estate, Ryder Close, Swadlincote, Derbyshire, DE11 9EU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on cost
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.4. Stocks and Work in Progress
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 stocks.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
Manufacturing 3 3
5 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 93,924 15,316 1,696 963 111,899
As at 31 December 2024 93,924 15,316 1,696 963 111,899
Depreciation
As at 1 January 2024 93,924 15,318 1,019 1,215 111,476
Provided during the period - - 424 - 424
As at 31 December 2024 93,924 15,318 1,443 1,215 111,900
Net Book Value
As at 31 December 2024 - (2 ) 253 (252 ) (1 )
As at 1 January 2024 - (2 ) 677 (252 ) 423
5. Stocks
2024 2023
£ £
Stock - 1,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 33,361 102,507
VAT 541 -
33,902 102,507
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 18,400 7,077
Corporation tax - 12,266
Other taxes and social security 2,865 2,728
VAT - 16,985
Other creditors 306 286
21,571 39,342
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Government grants after one year 14,803 25,793
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences - 1,120
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 2.000 each 2 2
11. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 35,000 -
12. Ultimate Controlling Party
The company's ultimate controlling party is I J V Sewell
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