Gem Autos Ltd
Gem Autos Ltd
Company Registration No. 07062317 (England and Wales)
Page
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Director
Company Number
Registered Office
Accountants
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Accountants' report to the director of Gem Autos Ltd on the preparation of the unaudited statutory accounts for the year ended 30 June 2023
This report is made solely to the Board of Directors of Gem Autos Ltd , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Gem Autos Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gem Autos Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Gem Autos Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Gem Autos Ltd . You consider that Gem Autos Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Gem Autos Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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2023
2022
Notes
£
£
Fixed assets
Current assets
Cash at bank and in hand
Net current (liabilities)/assets
(2,153 )
Total assets less current liabilities
Net assets
Capital and reserves
Called up share capital
Profit and loss account
Shareholders' funds
The financial statements were approved by the Board and authorised for issue on 1 November 2023 and were signed on its behalf by
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1
Statutory information
2
Compliance with accounting standards
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
Presentation currency
Tangible fixed assets and depreciation
Motor vehicles
Intangible fixed assets
4
Intangible fixed assets
Goodwill
£
Cost
At 1 July 2022
At 30 June 2023
Amortisation
At 1 July 2022
At 30 June 2023
Net book value
At 30 June 2023
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5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
At 30 June 2023
Depreciation
At 1 July 2022
Charge for the year
At 30 June 2023
Net book value
At 30 June 2023
At 30 June 2022
6
Debtors
2023
2022
£
£
Amounts falling due within one year
Trade debtors
Accrued income and prepayments
Other debtors
7
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
Obligations under finance leases and hire purchase contracts
Trade creditors
Taxes and social security
Other creditors
8
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans
Obligations under finance leases and hire purchase contracts
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9
Loans to directors
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
£
£
£
£
10
Average number of employees
During the year the average number of employees was 1 (2022: 1 ).
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