1 September 2023 false Taxfiler 2024.6 true 06665144business:PrivateLimitedCompanyLtd2023-09-012024-08-31 066651442023-08-31 066651442023-09-012024-08-31 06665144business:AuditExemptWithAccountantsReport2023-09-012024-08-31 06665144business:FilletedAccounts2023-09-012024-08-31 066651442024-08-31 06665144business:Director12023-09-012024-08-31 06665144business:RegisteredOffice2023-09-012024-08-31 066651442023-08-31 06665144core:WithinOneYear2024-08-31 06665144core:WithinOneYear2023-08-31 06665144core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 06665144core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 06665144core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 06665144core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 06665144core:PreviouslyStatedAmount2024-08-31 06665144core:PreviouslyStatedAmount2023-08-31 06665144business:SmallEntities2023-09-012024-08-31 06665144countries:EnglandWales2023-09-012024-08-31 06665144core:FurnitureFittings2023-09-012024-08-31 06665144core:ComputerEquipment2023-09-012024-08-31 06665144core:FurnitureFittings2023-08-31 06665144core:ComputerEquipment2023-08-31 06665144core:FurnitureFittings2024-08-31 06665144core:ComputerEquipment2024-08-31 06665144business:OrdinaryShareClass12023-09-012024-08-31 06665144business:OrdinaryShareClass12022-09-012023-08-31 066651442022-09-012023-08-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 06665144 (England and Wales)
Gemini Environmental Markets Limited Unaudited accounts for the year ended 31 August 2024
Gemini Environmental Markets Limited Unaudited accounts Contents
Page
- 2 -
Gemini Environmental Markets Limited Company Information for the year ended 31 August 2024
Director
Colin Emmett
Company Number
06665144 (England and Wales)
Registered Office
31 Abbotswood Close Redditch B98 0QD England
Accountants
Accounts & Tax Advisor Ltd 27 Mayesbrook Road Dagenham Essex RM8 2EA
- 3 -
Gemini Environmental Markets Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
121,568 
121,568 
Creditors: amounts falling due within one year
(58,292)
(57,345)
Net current assets
63,276 
64,223 
Net assets
63,276 
64,223 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
63,275 
64,222 
Shareholders' funds
63,276 
64,223 
For the year ending 31 August 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 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 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 29 August 2025 and were signed on its behalf by
Colin Emmett Director Company Registration No. 06665144
- 4 -
Gemini Environmental Markets Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Gemini Environmental Markets Limited is a private company, limited by shares, registered in England and Wales, registration number 06665144. The registered office is 31 Abbotswood Close, Redditch, B98 0QD, 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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on straight line method
Computer equipment
33% on straight line method
Going concern
The global pandemic of the coronavirus (COV1D 19), has seen countries all around the World having to lock-down cities and surrounding communities in order to contain the disease and protect their healthcare systems. Consequently these necessary actions have seen an economic slowdown across all global markets. The directors recognise that the global pandemic is not over and that the prevailing situation will continue to effect businesses that are considered non-essential for the purpose of fighting the disease and supporting populations that are in lock down. The extent of the economic impact that this will have on the Company is not underestimated, however the directors are taking the necessary steps that they remain inline with their expectations during this unprecedented time.
- 5 -
Gemini Environmental Markets Limited Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
1,115 
11,886 
13,001 
At 31 August 2024
1,115 
11,886 
13,001 
Depreciation
At 1 September 2023
1,115 
11,886 
13,001 
At 31 August 2024
1,115 
11,886 
13,001 
Net book value
At 31 August 2024
- 
- 
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
100,000 
100,000 
Amounts due from group undertakings etc.
21,568 
21,568 
121,568 
121,568 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
11,184 
11,184 
Trade creditors
3,922 
4,696 
Taxes and social security
2,060 
2,060 
Other creditors
14,258 
14,258 
Loans from directors
26,868 
25,147 
58,292 
57,345 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Transactions with related parties
At the end of the year the company had £21,568 (2023 : £21,568) receivable from Gemini Markets Limited a company where the director Mr Colin Emmett has participating interest.
9
Controlling party
The company was under the control of Mr Colin John Emmett throughout the current and previous year. Mr Emmett is the managing director and majority shareholder.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -