Company Registration No. 10516910 (England and Wales)
Gems Afire Limited
Unaudited accounts
for the year ended 31 December 2025
Gems Afire Limited
Unaudited accounts
Contents
Gems Afire Limited
Company Information
for the year ended 31 December 2025
Director
Alison Jane Light
Company Number
10516910 (England and Wales)
Registered Office
Kemp House
160 City Road
London
EC1V2NX
England
Gems Afire Limited
Statement of financial position
as at 31 December 2025
Tangible assets
2,607
2,999
Cash at bank and in hand
24,970
16,911
Creditors: amounts falling due within one year
(2,140)
(2,416)
Net current assets
45,972
43,592
Total assets less current liabilities
48,579
46,591
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
48,083
46,590
Shareholders' funds
48,084
46,591
For the year ending 31 December 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 September 2026 and were signed on its behalf by
Alison Jane Light
Director
Company Registration No. 10516910
Gems Afire Limited
Notes to the Accounts
for the year ended 31 December 2025
Gems Afire Limited is a private company, limited by shares, registered in England and Wales, registration number 10516910. The registered office is Kemp House, 160 City Road, London, EC1V2NX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102 Section 1A – Small Entities.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Fixtures & fittings
20% Reducing balance
Computer equipment
25% Reducing balance
The director has considered the company’s financial position and, having regard to its available resources and expected future trading, considers that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Gems Afire Limited
Notes to the Accounts
for the year ended 31 December 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2025
2,888
451
3,328
6,667
At 31 December 2025
2,888
451
3,657
6,996
At 1 January 2025
1,651
287
1,730
3,668
Charge for the year
247
33
441
721
At 31 December 2025
1,898
320
2,171
4,389
At 31 December 2025
990
131
1,486
2,607
At 31 December 2024
1,237
164
1,598
2,999
Raw materials
22,808
29,097
Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises the purchase price and other direct costs incurred in bringing the inventories to their present location and condition. Provision is made, where necessary, for obsolete, slow-moving or damaged inventory.
Amounts falling due within one year
Accrued income and prepayments
334
-
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
558
689
Loans from directors
622
827
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Transactions with related parties
At the year end, the company owed the director £622 (2024: £827) in respect of amounts advanced to the company.
Gems Afire Limited
Notes to the Accounts
for the year ended 31 December 2025
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).