- Companies
- Motor traders
- Lincoln
- Gem Cars Limited
Gem Cars Limited
- Company number
- 09001987
- Incorporated
- 17 Apr 201412 years trading
- Registered office
- The Bungalow Newark Road, Laughterton, Lincoln, LN1 2JU
- Nature of business
- Sale of used cars and light motor vehicles
Gem Cars Limited is a 12-year-old private limited company registered in Lincoln, company number 09001987, one of 90 motor trade companies in Lincoln. Its next accounts are due at Companies House on 31 December 2026, and the CT600 for the period to 31 March 2026 is due at HMRC on 31 March 2027.
Key dates
Worked out from the year end and filing history on the Companies House register.
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Finances
From each year's balance sheet filed at Companies House. Small companies do not have to publish turnover or profit, so these are balance sheet figures.
- Net assets up £87K (+62.5%) on the year before, to £226K.
- Net assets rose in 8 of 9 year-on-year comparisons on record.
- Current assets of £254K against £44K owed within a year: 5.8 times cover.
- 3 employees on average, up from 2 the year before.
- Balance sheets on record for 10 years, 2016 to 2025.
Net assets by year
| Year end | Net assets | Cash | Current assets | Owed within a year | Employees |
|---|---|---|---|---|---|
| 31 Mar 2025 | £226K | £254K | £44K | 3 | |
| 31 Mar 2024 | £139K | £182K | £58K | 2 | |
| 31 Mar 2023 | £315K | £367K | £65K | 3 | |
| 31 Mar 2022 | £244K | £295K | £65K | 3 | |
| 31 Mar 2021 | £145K | £215K | £41K | 2 | |
| 31 Mar 2020 | £124K | £155K | £37K | 2 | |
| 31 Mar 2019 | £107K | £27K | £150K | £49K | 3 |
| 31 Mar 2018 | £94K | £15K | £139K | £50K | |
| 31 Mar 2017 | £62K | £92K | £36K | ||
| 31 Mar 2016 | £39K | £8,508 | £71K | £39K |
Who runs and owns Gem Cars Limited
From the Companies House register. Individuals are shown by initials only; the full register is on Companies House.
Officer
| Name | Role | Appointed |
|---|---|---|
| G*** A*** | Director | Apr 2014 |
1 former officer
| Name | Role | Appointed | Left |
|---|---|---|---|
| P*** O*** | Director | Jan 2023 | Jan 2023 |
Person with significant control
Where Gem Cars Limited is registered
The registered office is in Lincoln (LN1), in the West Lindsey local authority area, East Midlands. Show LN1 2JU on a map.
Other trade companies in LN1
- Nuco Developments LimitedProperty developers
- Ag Home Developments LtdProperty developers
- Primore Cleaning Services LtdCleaning companies
- Wright Aviate LtdMachinery repair and installation
- Riverside Tyres LimitedMechanics and garages
- Queen Bee Pest Management LtdCleaning companies
- Rain & Root Landscaping & Construction LtdLandscapers and gardeners
- Moulds Fencing LimitedInstallers
What happens if Gem Cars Limited files late
Companies House charges an automatic penalty the day after the deadline, and it rises the longer the accounts are late. These are the dates for this company's accounts due on 31 December 2026.
| Companies House | Accounts delivered | Penalty |
|---|---|---|
| Up to 1 month late | 1 Jan 2027 to 31 Jan 2027 | £150 |
| 1 to 3 months late | 1 Feb 2027 to 31 Mar 2027 | £375 |
| 3 to 6 months late | 1 Apr 2027 to 30 Jun 2027 | £750 |
| More than 6 months late | From 1 Jul 2027 | £1,500 |
Penalties double if the accounts were also late the year before.
| HMRC (CT600) | From | Penalty |
|---|---|---|
| 1 day late | 1 Apr 2027 | £200 |
| 3 months late | 30 Jun 2027 | another £200 |
| 6 months late | 30 Sep 2027 | HMRC estimates the tax and adds 10% of the unpaid tax |
| 12 months late | 31 Mar 2028 | another 10% of any unpaid tax |
For returns filed on or after 1 April 2026. Late three times in a row and the £200 penalties become £1,000 each.
Company details
As held on the Companies House register.
- Company number
- 09001987
- Status
- Active
- Company type
- Private limited company
- Incorporated
- 17 April 2014 (12 years ago)
- Registered office
- The Bungalow Newark Road, Laughterton, Lincoln, LN1 2JU
- Nature of business
- Sale of used cars and light motor vehicles (SIC 45112)
- Year end
- 31 March (accounting reference date)
- Accounts type
- Micro-entity
- Last accounts made up to
- 31 March 2025
- Last confirmation statement
- 6 April 2026
Filing notes for motor trade companies
Motor trade companies hold vehicle stock, and how that stock is valued at the year end moves the profit directly. Some use the VAT margin scheme.
Similar companies in Lincoln
Other active motor trade companies registered in Lincoln.
- Gouldings Car Sales Lincoln Limited2000
- Highline Motor Sales Ltd2023
- Holbeach Motorcycle Tyres Ltd2002
- HTS Vehicle Sales Limited2011
- I Will Buy Your Car Ltd2020
- Ian Shammon Limited2003
- Iconic Velocity Group Ltd2025
- Interlinkin Ltd2014
All motor trade companies in Lincoln · All trades in Lincoln · Motor traders across the UK
Frequently asked questions
When are Gem Cars Limited's accounts due?
Gem Cars Limited's next accounts are due at Companies House by 31 December 2026 (in 79 days), covering the period to 31 March 2026.
When is Gem Cars Limited's CT600 due?
The CT600 for the period to 31 March 2026 is due at HMRC by 31 March 2027, 12 months after the period end. The corporation tax itself is payable earlier, by 1 January 2027.
Is Gem Cars Limited still trading?
Gem Cars Limited is listed as active on the Companies House register as of 1 Oct 2026. Active means it has not been dissolved or entered insolvency; it does not show whether it is currently taking on work.
What does Gem Cars Limited do?
Gem Cars Limited is registered under Sale of used cars and light motor vehicles (SIC 45112).
How old is Gem Cars Limited?
Gem Cars Limited was incorporated on 17 April 2014, 12 years ago.
Who runs Gem Cars Limited?
Gem Cars Limited has 1 active director, the longest-serving appointed in Apr 2014. Their names and service addresses are on the Companies House register.
Who owns Gem Cars Limited?
One person or company has significant control of Gem Cars Limited: an individual (has significant influence or control).
What is the penalty if Gem Cars Limited files its accounts late?
Companies House charges £150 if the accounts are up to 1 month late, £375 up to 3 months, £750 up to 6 months and £1,500 after that, doubled if the previous year's accounts were also late. HMRC charges £200 for a CT600 filed a day late and another £200 at 3 months.
Official records
View Gem Cars Limited on Companies House for filed documents, officers and the full history.
Based on the Companies House register (snapshot 1 Oct 2026). Deadlines are worked out from the register and assume a standard accounting period; a change of year end or a short period moves them. This page is general information, not tax or accountancy advice.