Acorah Software Products - Accounts Production 19.2.450 false true 30 April 2025 1 May 2024 false 1 May 2025 30 April 2026 30 April 2026 03819108 Mr Mark Rackham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03819108 2025-04-30 03819108 2026-04-30 03819108 2025-05-01 2026-04-30 03819108 frs-core:CurrentFinancialInstruments 2026-04-30 03819108 frs-core:Non-currentFinancialInstruments 2026-04-30 03819108 frs-core:ComputerEquipment 2026-04-30 03819108 frs-core:ComputerEquipment 2025-05-01 2026-04-30 03819108 frs-core:ComputerEquipment 2025-04-30 03819108 frs-core:FurnitureFittings 2026-04-30 03819108 frs-core:FurnitureFittings 2025-05-01 2026-04-30 03819108 frs-core:FurnitureFittings 2025-04-30 03819108 frs-core:NetGoodwill 2026-04-30 03819108 frs-core:NetGoodwill 2025-05-01 2026-04-30 03819108 frs-core:NetGoodwill 2025-04-30 03819108 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2026-04-30 03819108 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-05-01 2026-04-30 03819108 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-04-30 03819108 frs-core:PlantMachinery 2026-04-30 03819108 frs-core:PlantMachinery 2025-05-01 2026-04-30 03819108 frs-core:PlantMachinery 2025-04-30 03819108 frs-core:CapitalRedemptionReserve 2026-04-30 03819108 frs-core:ShareCapital 2026-04-30 03819108 frs-core:RetainedEarningsAccumulatedLosses 2026-04-30 03819108 frs-bus:PrivateLimitedCompanyLtd 2025-05-01 2026-04-30 03819108 frs-bus:FilletedAccounts 2025-05-01 2026-04-30 03819108 frs-bus:SmallEntities 2025-05-01 2026-04-30 03819108 frs-bus:AuditExempt-NoAccountantsReport 2025-05-01 2026-04-30 03819108 frs-bus:SmallCompaniesRegimeForAccounts 2025-05-01 2026-04-30 03819108 frs-bus:Director1 2025-05-01 2026-04-30 03819108 frs-countries:EnglandWales 2025-05-01 2026-04-30 03819108 2024-04-30 03819108 2025-04-30 03819108 2024-05-01 2025-04-30 03819108 frs-core:CurrentFinancialInstruments 2025-04-30 03819108 frs-core:Non-currentFinancialInstruments 2025-04-30 03819108 frs-core:CapitalRedemptionReserve 2025-04-30 03819108 frs-core:ShareCapital 2025-04-30 03819108 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30
Registered number: 03819108
Gem Antiques Limited
Unaudited Financial Statements
For The Year Ended 30 April 2026
Stephen Hill Partnership Ltd
Gem Antiques Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Gem Antiques Limited
Balance Sheet
As At 30 April 2026
Balance Sheet
Registered number: 03819108

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 370 |  | 493
|  |  | 370 |  | 493
CURRENT ASSETS
Stocks | 6 | 480,000 |  | 292,000 |
Debtors | 7 | 2,799 |  | 15,770 |
Cash at bank and in hand |  | 153,721 |  | 250,233 |
|  | 636,520 |  | 558,003 |
Creditors: Amounts Falling Due Within One Year | 8 | (60,174 ) |  | (48,133 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 576,346 |  | 509,870
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 576,716 |  | 510,363
Creditors: Amounts Falling Due After More Than One Year | 9 |  | - |  | (1,722 )
NET ASSETS |  |  | 576,716 |  | 508,641
CAPITAL AND RESERVES
Called up share capital | 10 |  | 75 |  | 75
Capital redemption reserve |  |  | 75 |  | 75
Profit and Loss Account |  |  | 576,566 |  | 508,491
SHAREHOLDERS' FUNDS |  |  | 576,716 |  | 508,641

Page 1
Page 2
Gem Antiques Limited
Balance Sheet (continued)
As At 30 April 2026
For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Mark Rackham Director
26th June 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Gem Antiques Limited
Notes to the Financial Statements
For The Year Ended 30 April 2026
Notes to the Financial Statements
1. General Information
Gem Antiques Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03819108 . The registered office is 139 Watling Street, Gillingham, Kent, ME7 2YY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of ten years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying value amount and are recognised in the Income Statement.

Leasehold | 10% on cost
Plant & Machinery | 25% reducing balance
Fixtures & Fittings | 25% reducing balance
Computer Equipment | 33% reducing balance

2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
Page 3
Page 4
Gem Antiques Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2026
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Debtors
Short term debtors are measured at transaction price, less any impairment.
2.10. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions.
2.11. Creditors
Short term creditors are measured at the transaction price.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2025: 6)
6 6
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 May 2025 | 87,500
As at 30 April 2026 | 87,500
Amortisation
As at 1 May 2025 | 87,500
As at 30 April 2026 | 87,500

...CONTINUED
Page 4
Page 5
Gem Antiques Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2026

Net Book Value
As at 30 April 2026 | -
As at 1 May 2025 | -

5. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total
| £ | £ | £ | £ | £
Cost
As at 1 May 2025 | 2,078 | 158 | 11,653 | 2,907 | 16,796
As at 30 April 2026 | 2,078 | 158 | 11,653 | 2,907 | 16,796
Depreciation
As at 1 May 2025 | 2,078 | 158 | 11,253 | 2,814 | 16,303
Provided during the period | - | - | 100 | 23 | 123
As at 30 April 2026 | 2,078 | 158 | 11,353 | 2,837 | 16,426
Net Book Value
As at 30 April 2026 | - | - | 300 | 70 | 370
As at 1 May 2025 | - | - | 400 | 93 | 493

6. Stocks

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Stock | 480,000 |  | 292,000

7. Debtors

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 2,799 |  | 15,770

8. Creditors: Amounts Falling Due Within One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Trade creditors | 11,827 |  | 3,000
Bank loans and overdrafts | 1,750 |  | 10,418
Other creditors | 5,364 |  | 5,507
Taxation and social security | 41,233 |  | 29,208
| 60,174 |  | 48,133

Page 5
Page 6
Gem Antiques Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2026
9. Creditors: Amounts Falling Due After More Than One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Bank loans | - |  | 1,722

10. Share Capital

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 75 |  | 75

Page 6