DB Gems Ltd - Filleted accounts

Registered number

11919643

DB Gems Ltd

Filleted Accounts

31 March 2025

DB Gems Ltd
Registered number:		11919643
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Current assets
Stocks		260,000			260,000
Debtors	3	113,840			59,931
Cash at bank and in hand		200,359			71,130
		574,199			391,061

Creditors: amounts falling due within one year	4	(399,259)			(350,243)

Net current assets			174,940			40,818

Net assets			174,940			40,818

Capital and reserves
Called up share capital			100			100
Profit and loss account			174,840			40,718

Shareholders' funds			174,940			40,818

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




D Gigg
Director
Approved by the board on 15 December 2025

DB Gems Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	2		2


3	Debtors	2025		2024
£			£

	Trade debtors	113,840		59,931


4	Creditors: amounts falling due within one year	2025		2024
£			£

	Bank loans and overdrafts	23,377		23,377
	Trade creditors	169,772		152,590
	Taxation and social security costs	73,008		38,486
	Other creditors	133,102		135,790
		399,259		350,243

5	Other information

	DB Gems Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	58 Davies Street
	Grays Antique Market
	London
	London
	W1K 5LP