Company registration number 01168399 (England and Wales)
GEMMAK ENGINEERING LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
GEMMAK ENGINEERING LIMITED
COMPANY INFORMATION
Directors
AJ Holmes
LJ Hutin
Mr AP Varney
S J Hutin
Secretary
AJ Holmes
Company number
01168399
Registered office
Unit 14 Langdon House
Langdon Road
Swansea
SA1 8QY
Accountants
WBV Limited
The Third Floor
Langdon House, Langdon Road
SA1 Swansea Waterfront
Swansea
Wales
SA1 8QY
GEMMAK ENGINEERING LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Balance sheet
3 - 4
Notes to the financial statements
5 - 9
GEMMAK ENGINEERING LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

The directors present their annual report and financial statements for the year ended 31 December 2024.

Principal activities

The principal activity of the company continued to be that of general engineering services.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

AJ Holmes
LJ Hutin
Mr AP Varney
S J Hutin
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
S J Hutin
Director
14 July 2025
GEMMAK ENGINEERING LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GEMMAK ENGINEERING LIMITED FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gemmak Engineering Limited for the year ended 31 December 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Gemmak Engineering Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Gemmak Engineering Limited and state those matters that we have agreed to state to the b oard of d irectors of Gemmak Engineering Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gemmak Engineering Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Gemmak Engineering Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Gemmak Engineering Limited. You consider that Gemmak Engineering Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gemmak Engineering Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

WBV Limited
Chartered Accountants
The Third Floor
Langdon House, Langdon Road
SA1 Swansea Waterfront
Swansea
SA1 8QY
Wales
14 July 2025
GEMMAK ENGINEERING LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 3 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
373,683
236,690
Current assets
Stocks
55,985
31,515
Debtors
4
348,192
212,533
Cash at bank and in hand
91,791
293,667
495,968
537,715
Creditors: amounts falling due within one year
5
(769,155)
(579,540)
Net current liabilities
(273,187)
(41,825)
Total assets less current liabilities
100,496
194,865
Creditors: amounts falling due after more than one year
6
(90,905)
(58,690)
Net assets
9,591
136,175
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
9,491
136,075
Total equity
9,591
136,175
GEMMAK ENGINEERING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 4 -

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 14 July 2025 and are signed on its behalf by:
S J Hutin
Director
Company registration number 01168399 (England and Wales)
GEMMAK ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
1
Accounting policies
Company information

Gemmak Engineering Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 14 Langdon House, Langdon Road, Swansea, SA1 8QY.

1.1
Reporting period

The financial statements cover a reporting period of 17 months, as the year end has been extended from 31 July 2023 to 31 December 2023. The comparative amounts presented in the financial statements (including relating notes) are therefore not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.3
Going concern

The directors are satisfied that it is appropriate for the company's financial statements to be prepared on a going concern basis. The directors have taken steps to minimise the effect on the company and will continue to do so. In the circumstances they have concluded that no adjustments are required to the financial at this time.true

1.4
Turnover

Turnover represents the fair value of services provided during the period under review. Turnover is recognised as contract activity progresses and the right to consideration is earned. Fair value reflects the amount expected to be recoverable from customers and is based on time spent, skills and expertise provided and expenses incurred. Turnover excludes value added tax.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% on cost
Leasehold improvements
20% on cost
Plant and equipment
25% reducing balance
Fixtures and fittings
25% reducing balance
Computers
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

GEMMAK ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 6 -
1.6
Stocks

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

1.7
Taxation
Current tax

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in the tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply the reversal on the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over the estimated useful lives or lease term, whichever is shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

1.10

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in the other administrative expenses

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
7
7
GEMMAK ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
3
Tangible fixed assets
Freehold land and buildings
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
£
£
Cost
At 1 January 2024
74,346
84,890
265,144
2,252
2,500
429,132
Additions
-
0
29,743
181,227
22,917
-
0
233,887
At 31 December 2024
74,346
114,633
446,371
25,169
2,500
663,019
Depreciation and impairment
At 1 January 2024
41,283
1,415
146,742
1,411
1,592
192,443
Depreciation charged in the year
1,487
22,431
67,361
5,387
227
96,893
At 31 December 2024
42,770
23,846
214,103
6,798
1,819
289,336
Carrying amount
At 31 December 2024
31,576
90,787
232,268
18,371
681
373,683
At 31 December 2023
33,064
83,475
118,402
841
908
236,690
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
218,677
39,621
Amounts owed by group undertakings
-
0
65,644
Other debtors
10,000
5,000
Prepayments and accrued income
51,716
68,571
280,393
178,836
2024
2023
Amounts falling due after more than one year:
£
£
Deferred tax asset (note )
67,799
33,697
Total debtors
348,192
212,533
GEMMAK ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Obligations under finance leases
7
44,672
19,722
Trade creditors
196,816
51,792
Amounts owed to group undertakings
486,900
464,954
Taxation and social security
31,860
32,684
Other creditors
6,087
3,447
Accruals and deferred income
2,820
6,941
769,155
579,540
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
90,905
58,690
7
Finance lease obligations
2024
2023
Future minimum lease payments due under finance leases:
£
£
Within one year
44,672
19,722
In two to five years
90,905
58,690
135,577
78,412

Finance lease payments represent rentals payable by the company for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 4 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
9
Ultimate parent company

The company's ultimate parent company is RSS Engineering Group UK Ltd, a company registered in England and Wales. Copies of the consolidated financial statements are publicly available on Companies House, or by writing to the company secretary at RSS Engineering Group UK Ltd, Unit 14 Langdon House, Langdon Road, Swansea, SA1 8QY.

10
Operating lease commitments
As lessee
GEMMAK ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
10
Operating lease commitments
(Continued)
- 9 -

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
Total commitments
6,731
12,227
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