Registration number: 09580583

GEM Supplies International Limited

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 6

GEM Supplies International Limited

Company Information

Directors

Mr Mark Sigsworth Mr Daniel Paul Sigsworth Mr Gregory Sigsworth

Registered office

Unit C2 Bentley Avenue Cowpen Lane Industrial Estate Billingham Cleveland TS23 4BU

Accountants

Bentley Accountancy Limited Biz Hub Coxwold Way Belasis Hall Technology Park Billingham TS23 4EA

GEM Supplies International Limited

(Registration number: 09580583)
Abridged Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	6,395	7,523
Current assets
Stocks		75,648	67,679
Debtors		277	629
Cash at bank and in hand		31,979	21,327
		107,904	89,635
Prepayments and accrued income		2,291	1,488
Creditors: Amounts falling due within one year		(34,916)	(63,403)
Net current assets		75,279	27,720
Total assets less current liabilities		81,674	35,243
Accruals and deferred income		(1,590)	(1,590)
Net assets		80,084	33,653
Capital and reserves
Called up share capital	5	150	150
Retained earnings		79,934	33,503
Shareholders' funds		80,084	33,653

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

GEM Supplies International Limited

(Registration number: 09580583)
Abridged Balance Sheet as at 31 March 2026

Approved and authorised by the Board on 13 August 2026 and signed on its behalf by:
 

.........................................

Mr Gregory Sigsworth

Director

GEM Supplies International Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Intangible assets

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being
amortised evenly over its estimated useful life of five years.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2025 - 5).

GEM Supplies International Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

3	Intangible assets

	Total £
Cost or valuation
At 1 April 2025	30,000
At 31 March 2026	30,000
Amortisation
At 1 April 2025	30,000
At 31 March 2026	30,000
Carrying amount
At 31 March 2026	-

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2025	19,901	19,901
At 31 March 2026	19,901	19,901
Depreciation
At 1 April 2025	12,378	12,378
Charge for the year	1,128	1,128
At 31 March 2026	13,506	13,506
Carrying amount
At 31 March 2026	6,395	6,395
At 31 March 2025	7,523	7,523

GEM Supplies International Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

5	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	150	150	150	150

6

Dividends

		2026		2025
		£		£
Interim dividend of £107.41 (2025 - £197.35) per ordinary share		16,112		29,603