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Registered number: 14244593
Wall Gems Ltd
Financial Statements
For The Year Ended 31 July 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14244593
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,997 36,052
32,997 36,052
CURRENT ASSETS
Debtors 5 4,663 9,513
Cash at bank and in hand 14,858 4,988
19,521 14,501
Creditors: Amounts Falling Due Within One Year 6 (37,270 ) (45,631 )
NET CURRENT ASSETS (LIABILITIES) (17,749 ) (31,130 )
TOTAL ASSETS LESS CURRENT LIABILITIES 15,248 4,922
NET ASSETS 15,248 4,922
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 15,148 4,822
SHAREHOLDERS' FUNDS 15,248 4,922
Page 1
Page 2
For the year ending 31 July 2025 the company was entitled to exemption from audit 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.
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
Mrs Danuta Kobylinska
Director
Mr Jaroslaw Kobylinski
Director
10th November 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Wall Gems Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14244593 . The registered office is Unit 8a Bowker House, Lee Mill, Ivybridge, PL21 9EF.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 9% Reducing balance
Motor Vehicles 9% Reducing balance
Fixtures & Fittings 9% Reducing balance
Computer Equipment 9% Reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2024 11,141 18,100 7,450 6,652 43,343
Additions 208 - - - 208
As at 31 July 2025 11,349 18,100 7,450 6,652 43,551
Depreciation
As at 1 August 2024 1,915 3,111 1,281 984 7,291
Provided during the period 849 1,349 555 510 3,263
As at 31 July 2025 2,764 4,460 1,836 1,494 10,554
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 July 2025 8,585 13,640 5,614 5,158 32,997
As at 1 August 2024 9,226 14,989 6,169 5,668 36,052
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 4,663 9,513
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 34,101 44,367
Taxation and social security 3,169 1,264
37,270 45,631
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 4