REGISTERED NUMBER: 07243331 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Gem Solutions (Bath) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G Day

Mrs L Day

Mr A W Kelly

SECRETARY:

Mrs L Day

REGISTERED OFFICE:

1 St George's Place

Bath

BA1 3AA

REGISTERED NUMBER:

07243331 (England and Wales)

ACCOUNTANTS:

St Martins Accountants Limited

44 Stoke Lane

Westbury on Trym

Bristol

BS9 3DN

FIXED ASSETS

Tangible assets

4

837,288

773,564

CURRENT ASSETS

Stocks

15,800

15,800

Debtors

5

413,255

118,082

Cash at bank and in hand

403,320

644,992

832,375

778,874

CREDITORS

Amounts falling due within one year

6

212,119

169,334

NET CURRENT ASSETS

620,256

609,540

TOTAL ASSETS LESS CURRENT LIABILITIES

1,457,544

1,383,104

CREDITORS

Amounts falling due after more than one year

7

(45,905

)

(84,842

)

PROVISIONS FOR LIABILITIES

(51,768

)

(32,974

)

NET ASSETS

1,359,871

1,265,288

CAPITAL AND RESERVES

Called up share capital

120

120

Share premium

11,624

11,624

Retained earnings

1,348,127

1,253,544

SHAREHOLDERS' FUNDS

1,359,871

1,265,288

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 directors acknowledge their 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 Board of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by:

Mr G Day - Director

1.	STATUTORY INFORMATION

Gem Solutions (Bath) Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

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

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

Plant and machinery

-

20% on reducing balance

Office Equipment

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Fixtures and Fittings

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Office

property

machinery

Equipment

£

£

£

COST

At 1 April 2024

572,416

81,125

115,002

Additions

-

-

5,538

At 31 March 2025

572,416

81,125

120,540

DEPRECIATION

At 1 April 2024

-

62,424

77,575

Charge for year

-

3,740

8,593

At 31 March 2025

-

66,164

86,168

NET BOOK VALUE

At 31 March 2025

572,416

14,961

34,372

At 31 March 2024

572,416

18,701

37,427

Fixtures

Motor

and

vehicles

Fittings

Totals

£

£

£

COST

At 1 April 2024

207,926

64,996

1,041,465

Additions

102,955

-

108,493

At 31 March 2025

310,881

64,996

1,149,958

DEPRECIATION

At 1 April 2024

88,851

39,051

267,901

Charge for year

27,247

5,189

44,769

At 31 March 2025

116,098

44,240

312,670

NET BOOK VALUE

At 31 March 2025

194,783

20,756

837,288

At 31 March 2024

119,075

25,945

773,564

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

115,096

88,209

Other debtors

298,159

29,873

413,255

118,082

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

27,500

27,500

Trade creditors

26,168

32,527

Taxation and social security

124,021

85,156

Other creditors

34,430

24,151

212,119

169,334

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

45,905

84,842

8.	LEASING AGREEMENTS

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

31.3.25

31.3.24

£

£

Within one year

26,667

53,275

Between one and five years

58,017

36,753

84,684

90,028

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr G Day.