Gemma Inc Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 12384873 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

GEMMA INC LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G Crawley-Roberts

REGISTERED OFFICE:

Room 73

Wrest House

Wrest Park

Silsoe

Bedfordshire

MK45 4HR

REGISTERED NUMBER:

12384873 (England and Wales)

ACCOUNTANTS:

MDG Business Associates Limited

Room 73

Wrest House

Wrest Park

Silsoe

Bedfordshire

MK45 4HR

FIXED ASSETS

Intangible assets

5

360

600

Tangible assets

6

3,525

7,662

3,885

8,262

CURRENT ASSETS

Stocks

20,501

19,421

Debtors

7

12,538

18,982

Cash at bank and in hand

756

578

33,795

38,981

CREDITORS

Amounts falling due within one year

8

31,930

35,910

NET CURRENT ASSETS

1,865

3,071

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,750

11,333

CREDITORS

Amounts falling due after more than one year

9

10,000

NET (LIABILITIES)/ASSETS

(4,250

)

1,333

CAPITAL AND RESERVES

Called up share capital

11

100

Retained earnings

(4,350

)

1,233

SHAREHOLDERS' FUNDS

(4,250

)

1,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2025 and were signed by:

G Crawley-Roberts - Director

1.	STATUTORY INFORMATION

Gemma Inc Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

Stocks

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

Taxation

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 7 ) .

5.	INTANGIBLE FIXED ASSETS

Computer

software

£

Cost

At 1 April 2024

and 31 March 2025

1,200

Amortisation

At 1 April 2024

600

Amortisation for year

240

At 31 March 2025

840

Net book value

At 31 March 2025

360

At 31 March 2024

600

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

Cost

At 1 April 2024

and 31 March 2025

18,238

3,235

21,473

Depreciation

At 1 April 2024

11,818

1,993

13,811

Charge for year

3,648

489

4,137

At 31 March 2025

15,466

2,482

17,948

Net book value

At 31 March 2025

2,772

753

3,525

At 31 March 2024

6,420

1,242

7,662

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

7,299

10,634

Amounts owed by associates

4,984

7,368

Prepayments and accrued income

255

980

12,538

18,982

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

-

4,798

Amounts owed to associates

-

1,000

Social security and other taxes

1,204

415

VAT

5,864

7,179

Other creditors

244

3,580

Director's loan account

21,570

15,306

Accruals and deferred income

3,048

3,632

31,930

35,910

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Directors' loan account

10,000

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

10,575

3,525

Between one and five years

3,525

-

14,100

3,525

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

100

12.	RELATED PARTY DISCLOSURES

At the year end the company owed an amount of £31,570 (2024: £25,306) to the director, G L Crawley-Roberts. The loan has no interest charged (2024: £Nil) and there are no set repayment terms.

At 31st March 2025 the company was owed an amount of £4,984 (2023: £7,368) from You For Coffee Limited, a company under common control. No interest has been charged on the outstanding balance during the year (2024: £Nil) and there are no set repayment terms in place.