Gemselect (Frederick Road) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09947573 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2019

FOR

GEMSELECT (FREDERICK ROAD) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A M Georgiou

Mr G G Ritchie

REGISTERED OFFICE:

Unit 2.02

High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

REGISTERED NUMBER:

09947573 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

Unit 2.02

High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

CURRENT ASSETS

Stocks

4

678,755

598,076

CREDITORS

Amounts falling due within one year

5

791,137

709,593

NET CURRENT LIABILITIES

(112,382

)

(111,517

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(112,382

)

(111,517

)

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

(112,482

)

(111,617

)

SHAREHOLDERS' FUNDS

(112,382

)

(111,517

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2020 and were signed on its behalf by:

Mr A M Georgiou - Director

1.	STATUTORY INFORMATION

Gemselect (Frederick Road) Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

GOING CONCERN

The company's balance sheet shows a net deficit shareholders fund position. However, the directors' have

received confirmation from the shareholders of their continued financial support for the foreseeable future and

for at least twelve months from the date of signature of these accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.

STOCKS

2019

2018

£

£

Work-in-progress

678,755

598,076

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

334,500

334,500

Amounts owed to group undertakings

424,056

343,377

Taxation and social security

32,581

31,716

791,137

709,593

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

£1

100

100

7.	ULTIMATE PARENT COMPANY

Gemselect Ltd is regarded by the directors as being the company's ultimate parent company.