Company Registration No. 05529352 (England and Wales)
GEMINI STRUCTURED CARBON LIMITED
Unaudited accounts
for the year ended 31 December 2020
GEMINI STRUCTURED CARBON LIMITED
Unaudited accounts
Contents
GEMINI STRUCTURED CARBON LIMITED
Statement of financial position
as at
31 December 2020
Creditors: amounts falling due within one year
(1,024)
(36,322)
Net current assets
615,831
583,029
Total assets less current liabilities
615,831
583,029
Creditors: amounts falling due after more than one year
(1,671,935)
(1,638,125)
Net liabilities
(1,056,104)
(1,055,096)
Called up share capital
1,000
1,000
Share premium
875,000
875,000
Profit and loss account
(1,932,104)
(1,931,096)
Shareholders' funds
(1,056,104)
(1,055,096)
For the year ending 31 December 2020 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 his 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 28 December 2021 and were signed on its behalf by
David Wassung
Director
Company Registration No. 05529352
GEMINI STRUCTURED CARBON LIMITED
Notes to the Accounts
for the year ended 31 December 2020
GEMINI STRUCTURED CARBON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05529352. The registered office is C/O Accounts & Tax Advisor Ltd, 27 Mayesbrook Road, Dagenham, Essex, RM8 2EA.
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 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% on straight line basis
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction.
Exchange differences are taken into account in arriving at the operating profit.
The company is a going concern. It embarks on long term projects for which the income arises at completion. The company is funded and supported by long term shareholders.
GEMINI STRUCTURED CARBON LIMITED
Notes to the Accounts
for the year ended 31 December 2020
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
At 31 December 2020
17,666
At 31 December 2020
17,666
5
Debtors: amounts falling due within one year
2020
2019
Other debtors
616,855
619,351
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
524
2,512
7
Creditors: amounts falling due after more than one year
2020
2019
Other creditors
1,652,035
1,618,225
8
Share capital
2020
2019
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
9
Average number of employees
During the year the average number of employees was 0 (2019: 0).