Company Registration No. 05086081 (England and Wales)
Gema Records Limited
Unaudited accounts
for the year ended 31 March 2025
Gema Records Limited
Unaudited accounts
Contents
Gema Records Limited
Company Information
for the year ended 31 March 2025
Directors
Amy Cousins
Jonathan Cousins
Secretary
Jonathan Cousins
Company Number
05086081 (England and Wales)
Registered Office
Unit 2B
Beenham Grange Business Park Grange Lane
Reading
RG7 5PR
United Kingdom
Accountants
James Norman Business Advisory Limited
7 High Street
Windsor
SL4 1LD
Gema Records Limited
Statement of financial position
as at 31 March 2025
Tangible assets
1,787
1,229
Cash at bank and in hand
123,792
117,804
Creditors: amounts falling due within one year
(137,180)
(134,288)
Net current assets
147,082
157,778
Total assets less current liabilities
148,869
159,007
Provisions for liabilities
Net assets
148,422
158,700
Called up share capital
100
100
Profit and loss account
148,322
158,600
Shareholders' funds
148,422
158,700
For the year ending 31 March 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 28 October 2025 and were signed on its behalf by
Jonathan Cousins
Director
Company Registration No. 05086081
Gema Records Limited
Notes to the Accounts
for the year ended 31 March 2025
Gema Records Limited is a private company, limited by shares, registered in England and Wales, registration number 05086081. The registered office is Unit 2B, Beenham Grange Business Park Grange Lane, Reading, RG7 5PR, United Kingdom.
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to 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 accounts are presented in £ sterling.
Turnover 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 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
25% Reducing Balance
Motor vehicles
25% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
33% Straight Line
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred 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.
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 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 to the reversal of 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.
Gema Records Limited
Notes to the Accounts
for the year ended 31 March 2025
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charge to the profit & loss account in the period to which they relate.
3
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
482
4,250
15,044
3,329
23,105
Additions
670
-
-
678
1,348
At 31 March 2025
1,152
4,250
15,044
4,007
24,453
At 1 April 2024
211
4,250
14,086
3,329
21,876
Charge for the year
124
-
495
171
790
At 31 March 2025
335
4,250
14,581
3,500
22,666
At 31 March 2025
817
-
463
507
1,787
At 31 March 2024
271
-
958
-
1,229
Amounts falling due within one year
Trade debtors
82,835
92,981
Accrued income and prepayments
8,433
7,885
5
Creditors: amounts falling due within one year
2025
2024
Trade creditors
68,298
56,628
Taxes and social security
30,939
42,420
Loans from directors
923
299
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 7 (2024: 7).