REGISTERED NUMBER: 06236621 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2025

for

GEM CARPETS & BEDS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B D Sayer

Mrs J Sayer

Mr R B Sayer

REGISTERED OFFICE:

Unit 7 Trent Business Park

Power Station Road

Rugeley

Staffordshire

WS15 2HS

REGISTERED NUMBER:

06236621 (England and Wales)

FIXED ASSETS

Tangible assets

4

540,029

570,935

CURRENT ASSETS

Stocks

365,008

327,094

Debtors

5

35,070

66,458

Cash at bank and in hand

201,738

223,536

601,816

617,088

CREDITORS

Amounts falling due within one year

6

230,901

229,491

NET CURRENT ASSETS

370,915

387,597

TOTAL ASSETS LESS CURRENT LIABILITIES

910,944

958,532

CREDITORS

Amounts falling due after more than one year

7

(150,134

)

(187,016

)

PROVISIONS FOR LIABILITIES

-

(20,780

)

NET ASSETS

760,810

750,736

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

760,710

750,636

760,810

750,736

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 12th May 2026 and were signed on its behalf by:

Mr B D Sayer - Director

1.	STATUTORY INFORMATION

Gem Carpets & Beds 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.

Long leasehold

-

2.5% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

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.

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 15 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1st January 2025

510,000

42,508

112,018

Additions

-

-

1,085

Disposals

-

-

(1,828

)

At 31st December 2025

510,000

42,508

111,275

DEPRECIATION

At 1st January 2025

63,750

14,648

70,708

Charge for year

12,750

4,179

6,122

Eliminated on disposal

-

-

(1,329

)

At 31st December 2025

76,500

18,827

75,501

NET BOOK VALUE

At 31st December 2025

433,500

23,681

35,774

At 31st December 2024

446,250

27,860

41,310

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st January 2025

142,984

23,877

831,387

Additions

12,500

868

14,453

Disposals

(25,693

)

(2,815

)

(30,336

)

At 31st December 2025

129,791

21,930

815,504

DEPRECIATION

At 1st January 2025

97,509

13,837

260,452

Charge for year

8,735

1,279

33,065

Eliminated on disposal

(15,158

)

(1,555

)

(18,042

)

At 31st December 2025

91,086

13,561

275,475

NET BOOK VALUE

At 31st December 2025

38,705

8,369

540,029

At 31st December 2024

45,475

10,040

570,935

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

245

15,559

Other debtors

34,825

50,899

35,070

66,458

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

60,874

61,266

Trade creditors

83,023

82,385

Taxation and social security

55,140

43,104

Other creditors

31,864

42,736

230,901

229,491

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

150,134

187,016

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

150,134

187,016

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st December 2025 and 31st December 2024:

31.12.25

31.12.24

£

£

Mr R B Sayer

Balance outstanding at start of year

(3,452

)

-

Amounts advanced

(2,407

)

(3,452

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(5,859

)

(3,452

)

Mr B D Sayer

Balance outstanding at start of year

17,138

-

Amounts advanced

(14,678

)

17,138

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,460

17,138