2022-01-012022-12-312022-12-31false11722730GIFTI LTD2023-09-3047890iso4217:GBPxbrli:pure117227302022-01-01117227302022-12-31117227302022-01-012022-12-31117227302021-01-01117227302021-12-31117227302021-01-012021-12-3111722730bus:SmallEntities2022-01-012022-12-3111722730bus:AuditExempt-NoAccountantsReport2022-01-012022-12-3111722730bus:AbridgedAccounts2022-01-012022-12-3111722730bus:PrivateLimitedCompanyLtd2022-01-012022-12-3111722730core:WithinOneYear2022-12-3111722730core:AfterOneYear2022-12-3111722730core:WithinOneYear2021-12-3111722730core:AfterOneYear2021-12-3111722730core:ShareCapital2022-12-3111722730core:SharePremium2022-12-3111722730core:RevaluationReserve2022-12-3111722730core:OtherReservesSubtotal2022-12-3111722730core:RetainedEarningsAccumulatedLosses2022-12-3111722730core:ShareCapital2021-12-3111722730core:SharePremium2021-12-3111722730core:RevaluationReserve2021-12-3111722730core:OtherReservesSubtotal2021-12-3111722730core:RetainedEarningsAccumulatedLosses2021-12-3111722730core:LandBuildings2022-12-3111722730core:PlantMachinery2022-12-3111722730core:Vehicles2022-12-3111722730core:FurnitureFittings2022-12-3111722730core:OfficeEquipment2022-12-3111722730core:NetGoodwill2022-12-3111722730core:IntangibleAssetsOtherThanGoodwill2022-12-3111722730core:ListedExchangeTraded2022-12-3111722730core:UnlistedNon-exchangeTraded2022-12-3111722730core:LandBuildings2021-12-3111722730core:PlantMachinery2021-12-3111722730core:Vehicles2021-12-3111722730core:FurnitureFittings2021-12-3111722730core:OfficeEquipment2021-12-3111722730core:NetGoodwill2021-12-3111722730core:IntangibleAssetsOtherThanGoodwill2021-12-3111722730core:ListedExchangeTraded2021-12-3111722730core:UnlistedNon-exchangeTraded2021-12-3111722730core:LandBuildings2022-01-012022-12-3111722730core:PlantMachinery2022-01-012022-12-3111722730core:Vehicles2022-01-012022-12-3111722730core:FurnitureFittings2022-01-012022-12-3111722730core:OfficeEquipment2022-01-012022-12-3111722730core:NetGoodwill2022-01-012022-12-3111722730core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3111722730core:ListedExchangeTraded2022-01-012022-12-3111722730core:UnlistedNon-exchangeTraded2022-01-012022-12-3111722730core:MoreThanFiveYears2022-01-012022-12-3111722730core:Non-currentFinancialInstruments2022-12-3111722730core:Non-currentFinancialInstruments2021-12-3111722730dpl:CostSales2022-01-012022-12-3111722730dpl:DistributionCosts2022-01-012022-12-3111722730dpl:AdministrativeExpenses2022-01-012022-12-3111722730core:LandBuildings2022-01-012022-12-3111722730core:PlantMachinery2022-01-012022-12-3111722730core:Vehicles2022-01-012022-12-3111722730core:FurnitureFittings2022-01-012022-12-3111722730core:OfficeEquipment2022-01-012022-12-3111722730core:NetGoodwill2022-01-012022-12-3111722730core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3111722730dpl:GroupUndertakings2022-01-012022-12-3111722730dpl:ParticipatingInterests2022-01-012022-12-3111722730dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3111722730core:ListedExchangeTraded2022-01-012022-12-3111722730dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3111722730core:UnlistedNon-exchangeTraded2022-01-012022-12-3111722730dpl:CostSales2021-01-012021-12-3111722730dpl:DistributionCosts2021-01-012021-12-3111722730dpl:AdministrativeExpenses2021-01-012021-12-3111722730core:LandBuildings2021-01-012021-12-3111722730core:PlantMachinery2021-01-012021-12-3111722730core:Vehicles2021-01-012021-12-3111722730core:FurnitureFittings2021-01-012021-12-3111722730core:OfficeEquipment2021-01-012021-12-3111722730core:NetGoodwill2021-01-012021-12-3111722730core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3111722730dpl:GroupUndertakings2021-01-012021-12-3111722730dpl:ParticipatingInterests2021-01-012021-12-3111722730dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3111722730core:ListedExchangeTraded2021-01-012021-12-3111722730dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3111722730core:UnlistedNon-exchangeTraded2021-01-012021-12-3111722730core:NetGoodwill2022-12-3111722730core:IntangibleAssetsOtherThanGoodwill2022-12-3111722730core:LandBuildings2022-12-3111722730core:PlantMachinery2022-12-3111722730core:Vehicles2022-12-3111722730core:FurnitureFittings2022-12-3111722730core:OfficeEquipment2022-12-3111722730core:AfterOneYear2022-12-3111722730core:WithinOneYear2022-12-3111722730core:ListedExchangeTraded2022-12-3111722730core:UnlistedNon-exchangeTraded2022-12-3111722730core:ShareCapital2022-12-3111722730core:SharePremium2022-12-3111722730core:RevaluationReserve2022-12-3111722730core:OtherReservesSubtotal2022-12-3111722730core:RetainedEarningsAccumulatedLosses2022-12-3111722730core:NetGoodwill2021-12-3111722730core:IntangibleAssetsOtherThanGoodwill2021-12-3111722730core:LandBuildings2021-12-3111722730core:PlantMachinery2021-12-3111722730core:Vehicles2021-12-3111722730core:FurnitureFittings2021-12-3111722730core:OfficeEquipment2021-12-3111722730core:AfterOneYear2021-12-3111722730core:WithinOneYear2021-12-3111722730core:Liste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GIFTI LTD

Registered Number
11722730
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2022

GIFTI LTD
Company Information
for the year from 1 January 2022 to 31 December 2022

Director

TYSON, Natalie Louise

Registered Address

2 Upper Carr Lane
Calverley
Pudsey
LS28 5PL

Registered Number

11722730 (England and Wales)
GIFTI LTD
Balance Sheet as at
31 December 2022

Notes

2022

2021

£

£

£

£

Fixed assets
Tangible assets51,2331,708
1,2331,708
Current assets
Debtors10,45714,296
Cash at bank and on hand2,5591,979
13,01616,275
Creditors amounts falling due within one year(55,385)(39,578)
Net current assets (liabilities)(42,369)(23,303)
Total assets less current liabilities(41,136)(21,595)
Creditors amounts falling due after one year(3,391)(783)
Net assets(44,527)(22,378)
Capital and reserves
Profit and loss account(44,527)(22,378)
Shareholders' funds(44,527)(22,378)
The financial statements were approved and authorised for issue by the Director on 30 September 2023, and are signed on its behalf by:
TYSON, Natalie Louise
Director
Registered Company No. 11722730
GIFTI LTD
Notes to the Financial Statements
for the year ended 31 December 2022

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery10
Office Equipment3
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20222021
Average number of employees during the year00
5.Property, plant and equipment

Total

£
Cost or valuation
At 01 January 222,183
At 31 December 222,183
Depreciation and impairment
At 01 January 22475
Charge for year475
At 31 December 22950
Net book value
At 31 December 221,233
At 31 December 211,708