Gem Cable Solutions Limited Accounts






Gem Cable Solutions Limited

	Company No. 05151023
		Information for Filing with The Registrar
		31 July 2026

at	31 July 2026
Company No.		05151023	Notes	2026	2025
				£	£
Fixed assets

	Tangible assets		5	164,393	172,186


				164,393	172,186
Current assets
	Stocks		6	317,567	379,235
	Debtors		7	191,067	286,025

	Cash at bank and in hand			886	886
				509,520	666,146
Creditors: Amount falling due within one year			8	(463,722)	(709,612)
Net current assets/(liabilities)				45,798	(43,466)
Total assets less current liabilities				210,191	128,720
Creditors: Amounts falling due after more than one year			9	(57,494)	(39,557)
Provisions for liabilities
	Deferred taxation		10	(489)	(267)

Net assets				152,208	88,896

Capital and reserves
	Called up share capital			150,100	150,100



	Profit and loss account		12	2,108	(61,204)

Total equity				152,208	88,896



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 July 2026 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 06 October 2026 and signed on its behalf by:
Steven Jack
Director
06 October 2026

for the year ended 31 July 2026

General information

Gem Cable Solutions Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 05151023

Its registered office is:

Unit C

156 St Albans Road

St Albans

Hertfordshire

AL4 9LP

The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, net of VAT, customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, which is when the goods are delivered and legal title has passed, the amount of revenue can be measured reliably and it is probable that the economic benefits will flow to the Company.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Leasehold land and buildings

10% straight line

Furniture, fittings and equipment

25% straight line

Leased assets

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. Lease incentives received are recognised as a reduction of rental expense on a straight-line basis over the lease term.

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 profit and loss account 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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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.

Current or deferred tax for the year is recognised in profit or loss, except when they relate 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Employee benefits

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity and has no further payment obligations once the contributions have been paid. The contributions are recognised as an expense when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2026	2025
			Number	Number
		The average monthly number of employees (including directors) during the year was:	22	21

4	Taxation
		(a) Tax on profit on ordinary activities	2026	2025
		The tax charge is made up as follows:	£	£
		UK corporation tax
		Charge for the period	-	46

		Total corporation tax	-	46

		Origination and reversal of timing differences	222	250

		Total deferred tax	222	250

		Tax on profit on ordinary activities	222	296

		(b) Factors affecting the total tax charge for the period
		The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The differences are reconciled below:
		Lower	2026	2025
		-15662	£	£
		Profit on ordinary activities before tax	63,534	6,805

		Standard rate of corporation tax in the United Kingdom	25%	25%

		Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom	15,884	1,701
		Expenses not deductible for tax purposes	872	(1,405)

		Utilisation of tax losses	(18,623)	-
		Other short term timing differences	2,089	-

		Tax on profit on ordinary activities	222	296

5	Tangible fixed assets
			Land and buildings	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 August 2025	9,811	558,114	567,925
		Additions	-	22,491	22,491



		At 31 July 2026	9,811	580,605	590,416
		Depreciation
		At 1 August 2025	3,924	391,815	395,739
		Charge for the year	5,887	24,397	30,284



		At 31 July 2026	9,811	416,212	426,023
		Net book values
		At 31 July 2026	-	164,393	164,393
		At 31 July 2025	5,887	166,299	172,186

6	Stocks
			2026	2025
			£	£
		Raw materials and consumables	301,629	247,735
		Work in progress	15,938	131,500

			317,567	379,235

7	Debtors
			2026	2025
			£	£
		Trade debtors	117,914	190,204





		Other debtors	20,262	21,750
		Prepayments and accrued income	52,891	74,071
			191,067	286,025

8	Creditors:
		amounts falling due within one year
			2026	2025
			£	£

		Bank loans and overdrafts	66,542	48,921
		Other loans	40,581	66,285

		Trade creditors	175,390	252,966

		Taxes and social security	38,382	21,225
		Loans from directors	7,331	256,369
		Other creditors	126,633	63,845
		Accruals and deferred income	8,863	1
			463,722	709,612

9	Creditors:
		amounts falling due after more than one year
			2026	2025
			£	£

		Bank loans and overdrafts	-	34,109
		Other loans	57,494	5,448





			57,494	39,557

10	Deferred taxation
			Accelerated Capital Allowances, Losses and Other Timing Differences	Total
			£	£
		At 1 August 2025	267	267
		Charge to the profit and loss account for the period	222	222

		At 31 July 2026	489	489


			2026	2025
			£	£
		Accelerated capital allowances	12,307	267
		Tax losses	(11,818)	-


			489	267

Share Capital

150,100 Ordinary shares of £1 each, allotted, called up and fully paid (2025: 150,100).

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

13	Guarantees and commitments
			2026	2025
			£	£
		Total of guarantees and commitments	193,571	413,179













		These are financial commitments under non-cancellable operating leases. The Company leases Unit C, St Albans, under a six-year lease from 17 October 2025 at an annual rent of £82,500, with a rent review and a break option at 17 October 2028; the commitment is calculated to the break date. Before the year end the Company agreed to give up its lease of the Mallow Park premises, Welwyn Garden City, with effect from 22 October 2026 (commitment £11,167). Of the total, £93,667 falls due within one year and £99,904 between one and five years.

Related party disclosures

Transactions with related parties

At 31 July 2026 the Company owed the directors £7,331 (2025: £256,369) on their loan account, which is included in creditors falling due within one year. The loan is interest free, unsecured and repayable on demand.