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Company Registration No. 08351015 (England and Wales)
GIFT IN CAN LTD Unaudited accounts for the year ended 31 January 2023
GIFT IN CAN LTD Unaudited accounts Contents
Page
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GIFT IN CAN LTD Company Information for the year ended 31 January 2023
Director
Richard Coppage
Company Number
08351015 (England and Wales)
Registered Office
14 Elder Court Birmingham West Midlands B38 9FQ
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GIFT IN CAN LTD Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
103,026 
134,701 
Current assets
Debtors
57,536 
(60,151)
Cash at bank and in hand
77,989 
229,424 
135,525 
169,273 
Creditors: amounts falling due within one year
(94,129)
(36,376)
Net current assets
41,396 
132,897 
Total assets less current liabilities
144,422 
267,598 
Creditors: amounts falling due after more than one year
- 
50,000 
Net assets
144,422 
317,598 
Capital and reserves
Profit and loss account
144,422 
317,598 
Shareholders' funds
144,422 
317,598 
For the year ending 31 January 2023 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 31 October 2023 and were signed on its behalf by
Richard Coppage Director Company Registration No. 08351015
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GIFT IN CAN LTD Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
GIFT IN CAN LTD is a private company, limited by shares, registered in England and Wales, registration number 08351015. The registered office is 14 Elder Court, Birmingham, West Midlands, B38 9FQ.
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.
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
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
158,266 
88,733 
246,999 
Additions
1,403 
1,263 
2,666 
At 31 January 2023
159,669 
89,996 
249,665 
Depreciation
At 1 February 2022
67,089 
45,209 
112,298 
Charge for the year
23,145 
11,196 
34,341 
At 31 January 2023
90,234 
56,405 
146,639 
Net book value
At 31 January 2023
69,435 
33,591 
103,026 
At 31 January 2022
91,177 
43,524 
134,701 
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GIFT IN CAN LTD Notes to the Accounts for the year ended 31 January 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
681 
Trade debtors
(12,626)
(62,657)
Accrued income and prepayments
1,825 
1,825 
Other debtors
68,337 
- 
57,536 
(60,151)
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
35,958 
- 
Trade creditors
640 
692 
Loans from directors
57,531 
35,684 
94,129 
36,376 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
- 
(50,000)
8
Average number of employees
During the year the average number of employees was 10 (2022: 10).
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