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REGISTERED NUMBER: 07864314 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Gem Tech Jewellery Limited

Gem Tech Jewellery Limited (Registered number: 07864314)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gem Tech Jewellery Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: S W Mitchell





REGISTERED OFFICE: 45 Eastgate Street
Chester
Cheshire
CH1 1LR





REGISTERED NUMBER: 07864314 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Gem Tech Jewellery Limited (Registered number: 07864314)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 - 1,972

CURRENT ASSETS
Inventories 340,000 404,500
Debtors 5 116,872 102,722
Cash at bank 1,427 8,671
458,299 515,893
CREDITORS
Amounts falling due within one year 6 (354,881 ) (368,303 )
NET CURRENT ASSETS 103,418 147,590
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,418

149,562

CREDITORS
Amounts falling due after more than one
year

7

(103,354

)

(117,090

)
NET ASSETS 64 32,472

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings (136 ) 32,272
SHAREHOLDERS' FUNDS 64 32,472

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Gem Tech Jewellery Limited (Registered number: 07864314)

Balance Sheet - continued
30 November 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2025 and were signed by:





S W Mitchell - Director


Gem Tech Jewellery Limited (Registered number: 07864314)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Gem Tech Jewellery 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 sterling which is the functional currency of the company, rounded to the nearest £1.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

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

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

Gem Tech Jewellery Limited (Registered number: 07864314)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 31,214
DEPRECIATION
At 1 December 2023 29,242
Charge for year 1,972
At 30 November 2024 31,214
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 1,972

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 48,022 33,872
Amounts owed by associates 68,850 68,850
116,872 102,722

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 51,078 37,033
Trade creditors 12,792 4,512
Taxation and social security 16,393 14,322
Other creditors 274,618 312,436
354,881 368,303

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans 103,354 117,090

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
150 Ordinary A £1.00 150 150
50 Ordinary B £1.00 50 50
200 200