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Company Registration No. 13207899 (England and Wales)
Gems Drilling Consultancy Ltd Unaudited accounts for the year ended 28 February 2025
Gems Drilling Consultancy Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Gems Drilling Consultancy Ltd Company Information for the year ended 28 February 2025
Director
Simon Alexander Thomson
Company Number
13207899 (England and Wales)
Registered Office
4 KING STREET SPENNYMOOR DL16 6QG ENGLAND
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Gems Drilling Consultancy Ltd Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
198,777 
183,370 
Current assets
Debtors
5
21,199 
19,596 
Cash at bank and in hand
236,299 
166,959 
257,498 
186,555 
Creditors: amounts falling due within one year
6
(156,372)
(106,032)
Net current assets
101,126 
80,523 
Total assets less current liabilities
299,903 
263,893 
Creditors: amounts falling due after more than one year
7
(103,051)
(114,643)
Net assets
196,852 
149,250 
Capital and reserves
Profit and loss account
196,852 
149,250 
Shareholders' funds
196,852 
149,250 
For the year ending 28 February 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 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 14 November 2025 and were signed on its behalf by
Simon Alexander Thomson Director Company Registration No. 13207899
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Gems Drilling Consultancy Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Gems Drilling Consultancy Ltd is a private company, limited by shares, registered in England and Wales, registration number 13207899. The registered office is 4 KING STREET, SPENNYMOOR, DL16 6QG, 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.
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:
Motor vehicles
15% RB
Fixtures & fittings
10% RB
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2024
149,772 
46,664 
205 
196,641 
Additions
24,995 
- 
233 
25,228 
At 28 February 2025
174,767 
46,664 
438 
221,869 
Depreciation
At 1 March 2024
7,890 
5,366 
15 
13,271 
Charge for the year
5,636 
4,130 
55 
9,821 
At 28 February 2025
13,526 
9,496 
70 
23,092 
Net book value
At 28 February 2025
161,241 
37,168 
368 
198,777 
At 29 February 2024
141,882 
41,298 
190 
183,370 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
21,199 
19,596 
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Gems Drilling Consultancy Ltd Notes to the Accounts for the year ended 28 February 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
3,441 
8,686 
Taxes and social security
152,405 
97,317 
Loans from directors
526 
29 
156,372 
106,032 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Obligations under finance leases and hire purchase contracts
103,051 
114,643 
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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