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
Gemini Environmental Markets Limited
Company Information
for the year ended 31 August 2024
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
Gemini Environmental Markets Limited
Statement of financial position
as at 31 August 2024
Creditors: amounts falling due within one year
(58,292)
(57,345)
Net current assets
63,276
64,223
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
Gemini Environmental Markets Limited
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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.
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
At 1 September 2023
1,115
11,886
13,001
At 31 August 2024
1,115
11,886
13,001
Amounts falling due within one year
Trade debtors
100,000
100,000
Amounts due from group undertakings etc.
21,568
21,568
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
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.
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).