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# GEMINI TECHNOLOGY (READING) LIMITED

## Company Registration Number:
02933564 (England and Wales)

## Unaudited abridged accounts for the year ended 31 May 2025

## Period of accounts

## Start date: 01 June 2024

## End date: 31 May 2025

# GEMINI TECHNOLOGY (READING) LIMITED

## Contents of the Financial Statements

for the Period Ended 31 May 2025

Balance sheet |
Notes |

# GEMINI TECHNOLOGY (READING) LIMITED

## Balance sheet

As at 31 May 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Fixed assets
Tangible assets: | 3 | 799,544 | 836,290
Total fixed assets: |  | 799,544 | 836,290
Current assets
Stocks: |  | 163,809 | 34,873
Debtors: |  | 567,396 | 677,506
Cash at bank and in hand: |  | 350,408 | 500,320
Total current assets: |  | 1,081,613 | 1,212,699
Creditors: amounts falling due within one year: |  | (1,221,766) | (1,363,525)
Net current assets (liabilities): |  | (140,153) | (150,826)
Total assets less current liabilities: |  | 659,391 | 685,464
Creditors: amounts falling due after more than one year: | 4 | (247,480) | (290,765)
Provision for liabilities: |  | (54,442) | (61,680)
Total net assets (liabilities): |  | 357,469 | 333,019
Capital and reserves
Called up share capital: |  | 2 | 2
Revaluation reserve: | 5 | 350,101 | 358,813
Profit and loss account: |  | 7,366 | (25,796)
Shareholders funds: |  | 357,469 | 333,019

The notes form part of these financial statements

# GEMINI TECHNOLOGY (READING) LIMITED

## Balance sheet statements

For the year ending 31 May 2025 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 December 2025
and signed on behalf of the board by:

Name: A J Bates
Status: Director

The notes form part of these financial statements

# GEMINI TECHNOLOGY (READING) LIMITED

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

## Turnover policy

Turnover excludes VAT and comprises the value of manufactured goods and design and maintenance services provided during the year. Profit is recognised when the customer has been invoiced.

## Tangible fixed assets and depreciation policy

Plant, Machinery and Equipment are shown at cost less depreciation provided on a straight-line basis. Depreciation is provided at the following rates: Freehold Land and Buildings 4%; Plant, Machinery and Equipment 15%.

## Valuation and information policy

Freehold Land and Buildings are shown at valuation based upon market values as professionally advised from time to time, less depreciation provided on a straight-line basis. The valuation has been applied for the first time under the Alternative Accounting rules at 31 May 2024.

## Other accounting policies

Inventories and Work in Progress on Long-term Contracts are valued at the lower of cost and net realisable value. Profits on Long-term Contracts are recognised when they are more than 40% complete by cost, have been invoiced on account in the current (or earlier) year(s) and reliable estimated costs to completion are available. Profit on contracts that span the year-end are apportioned over the contract completion time, based on reasonable estimates of completion dates. Contracts estimated to realise a loss to completion are provided for in full. Turnover includes the value of profit recognised in the year as an addition to the value of work done. Taxation is provided for at the companies rate. Deferred Taxation Account is credited with the tax value of timing differences caused by capital allowances claimed on Plant, Machinery and Equipment at rates ranging from 18% to 100% measured against depreciation provided at the rate noted above. Deferred tax has been provided on the uplift in valuation of Freehold Land and Buildings and has been charged to the Revaluation Reserve.

# GEMINI TECHNOLOGY (READING) LIMITED

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 2. Employees

| 2025 | 2024
--- | --- | ---
Average number of employees during the period | 15 | 12

# GEMINI TECHNOLOGY (READING) LIMITED

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 3. Tangible Assets

| Total
--- | ---
Cost | £
At 01 June 2024 | 917,623
Additions | 33,553
Disposals | (28,333)
Transfers | (40,628)
At 31 May 2025 | 882,215
Depreciation |
At 01 June 2024 | 81,333
Charge for year | 41,451
On disposals | (7,791)
Other adjustments | (32,322)
At 31 May 2025 | 82,671
Net book value |
At 31 May 2025 | 799,544
At 31 May 2024 | 836,290

# GEMINI TECHNOLOGY (READING) LIMITED

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 4. Creditors: amounts falling due after more than one year note

Borrowing has been used to acquire the freehold of the factory (secured by a first charge on the freehold), to finance a factory extension, to purchase plant, machinery and equipment and to provide a working capital facility. Interest is linked to Lloyds Base Rate and the loans are repayable in monthly instalments. In addition, the company borrowed £45,000 under the Government’s ‘Bounce Back Scheme’. This loan is Government guaranteed and bears interest of 2.5%. An overdraft facility is available and is repayable on demand. The Company has issued the Bank with an unlimited Debenture and the Directors, Mr A J Bates and Mr G M Teague, have given their personal guarantees for £40,000

# GEMINI TECHNOLOGY (READING) LIMITED

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 5. Revaluation reserve

| 2025
--- | ---
| £
Balance at 01 June 2024 | 358,813
Surplus or deficit after revaluation | (8,712)
Balance at 31 May 2025 | 350,101

# GEMINI TECHNOLOGY (READING) LIMITED

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 6. Loans to directors

Name of director receiving advance or credit: | G Teague
Description of the loan: | Cash loan from the company
£
Balance at 01 June 2024 |  | 70,672
Advances or credits made: |  | 22,086
Advances or credits repaid: |  | 1,200
Balance at 31 May 2025 |  | 91,558

# GEMINI TECHNOLOGY (READING) LIMITED

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 7. Related party transactions

Name of the related party: | A J Bates
Relationship: | Director
Description of the Transaction: | Cash loan to the company
£
Balance at 01 June 2024 |  | 4,087
Balance at 31 May 2025 |  | 287

Name of the related party: | M J Bates
Relationship: | Director
Description of the Transaction: | Cash loan to the company
£
Balance at 01 June 2024 |  | 112
Balance at 31 May 2025 |  | 118