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
GIFT IN CAN LTD
Company Information
for the year ended 31 January 2023
Company Number
08351015 (England and Wales)
Registered Office
14 Elder Court
Birmingham
West Midlands
B38 9FQ
GIFT IN CAN LTD
Statement of financial position
as at 31 January 2023
Tangible assets
103,026
134,701
Cash at bank and in hand
77,989
229,424
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
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
GIFT IN CAN LTD
Notes to the Accounts
for the year ended 31 January 2023
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.
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.
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
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
At 31 January 2023
69,435
33,591
103,026
At 31 January 2022
91,177
43,524
134,701
GIFT IN CAN LTD
Notes to the Accounts
for the year ended 31 January 2023
Amounts falling due within one year
Trade debtors
(12,626)
(62,657)
Accrued income and prepayments
1,825
1,825
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
57,531
35,684
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).