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Company Registration No. 11797952 (England and Wales)
Gems Design & Repair Ltd. Unaudited accounts for the year ended 31 January 2026
Gems Design & Repair Ltd. Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Gems Design & Repair Ltd. Company Information for the year ended 31 January 2026
Directors
RACHAEL BALL CHLOE JANE HARRIS MUHAMMED ABDUL KUDUSE
Company Number
11797952 (England and Wales)
Registered Office
3 High Street Thornbury Bristol BS35 2AE United Kingdom
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Gems Design & Repair Ltd. Statement of financial position as at 31 January 2026
2026 
2025 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,097 
1,291 
Current assets
Inventories
45,944 
42,368 
Cash at bank and in hand
23,960 
21,739 
69,904 
64,107 
Creditors: amounts falling due within one year
5
(15,794)
(21,893)
Net current assets
54,110 
42,214 
Total assets less current liabilities
55,207 
43,505 
Creditors: amounts falling due after more than one year
6
- 
(6,430)
Net assets
55,207 
37,075 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
55,107 
36,975 
Shareholders' funds
55,207 
37,075 
For the year ending 31 January 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 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 of Directors and authorised for issue on 7 September 2026 and were signed on its behalf by
RACHAEL BALL Director Company Registration No. 11797952
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Gems Design & Repair Ltd. Notes to the Accounts for the year ended 31 January 2026
1
Statutory information
Gems Design & Repair Ltd. is a private company, limited by shares, registered in England and Wales, registration number 11797952. The registered office is 3 High Street, Thornbury, Bristol, BS35 2AE, United Kingdom.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 February 2025
2,568 
At 31 January 2026
2,568 
Depreciation
At 1 February 2025
1,277 
Charge for the year
194 
At 31 January 2026
1,471 
Net book value
At 31 January 2026
1,097 
At 31 January 2025
1,291 
5
Creditors: amounts falling due within one year
2026 
2025 
£ 
£ 
Bank loans and overdrafts
5,036 
9,890 
VAT
3,568 
4,279 
Taxes and social security
5,374 
5,845 
Loans from directors
1,816 
1,879 
15,794 
21,893 
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Gems Design & Repair Ltd. Notes to the Accounts for the year ended 31 January 2026
6
Creditors: amounts falling due after more than one year
2026 
2025 
£ 
£ 
Bank loans
- 
6,430 
7
Average number of employees
During the year the average number of employees was 4 (2025: 4).
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