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Company Registration No. 10516910 (England and Wales)
Gems Afire Limited Unaudited accounts for the year ended 31 December 2024
Gems Afire Limited Unaudited accounts Contents
Page
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Gems Afire Limited Company Information for the year ended 31 December 2024
Director
Alison Jane Light
Company Number
10516910 (England and Wales)
Registered Office
Kemp House 160 City Road London EC1V2NX England
Accountants
SJW Business Solutions Thornborough Hall Moor Road Leyburn North Yorkshire DL8 5AB
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Gems Afire Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,999 
2,653 
Current assets
Inventories
29,097 
30,644 
Cash at bank and in hand
16,911 
13,253 
46,008 
43,897 
Creditors: amounts falling due within one year
(2,416)
(3,242)
Net current assets
43,592 
40,655 
Net assets
46,591 
43,308 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
46,590 
43,307 
Shareholders' funds
46,591 
43,308 
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 August 2025 and were signed on its behalf by
Alison Jane Light Director Company Registration No. 10516910
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Gems Afire Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Gems Afire Limited is a private company, limited by shares, registered in England and Wales, registration number 10516910. The registered office is Kemp House, 160 City Road, London, EC1V2NX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Fixtures & fittings
20% Reducing balance
Computer equipment
25% Reducing balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
2,888 
451 
2,098 
5,437 
Additions
- 
- 
1,230 
1,230 
At 31 December 2024
2,888 
451 
3,328 
6,667 
Depreciation
At 1 January 2024
1,341 
245 
1,198 
2,784 
Charge for the year
310 
42 
532 
884 
At 31 December 2024
1,651 
287 
1,730 
3,668 
Net book value
At 31 December 2024
1,237 
164 
1,598 
2,999 
At 31 December 2023
1,547 
206 
900 
2,653 
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Gems Afire Limited Notes to the Accounts for the year ended 31 December 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
689 
568 
Loans from directors
827 
1,774 
Accruals
900 
900 
2,416 
3,242 
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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