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REGISTERED NUMBER: 08710328 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Good Time Gifts Limited

Good Time Gifts Limited (Registered number: 08710328)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Good Time Gifts Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: S M Mirfin
D Mirfin





REGISTERED OFFICE: Fiver Rivers House
Albion Works
Saville Street
Sheffield
S4 7UD





REGISTERED NUMBER: 08710328 (England and Wales)





ACCOUNTANTS: Rains and Co Ltd
P O Box 5047
Sheffield
South Yorkshire
S6 9GJ

Good Time Gifts Limited (Registered number: 08710328)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 205,000 205,000
Investments 5 40,000 40,000
245,000 245,000

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 6 4,650 18,965
Cash at bank 4,608 2,198
11,258 23,163
CREDITORS
Amounts falling due within one year 7 13,640 12,770
NET CURRENT (LIABILITIES)/ASSETS (2,382 ) 10,393
TOTAL ASSETS LESS CURRENT LIABILITIES 242,618 255,393

CREDITORS
Amounts falling due after more than one
year

8

118,238

132,399
NET ASSETS 124,380 122,994

Good Time Gifts Limited (Registered number: 08710328)

Balance Sheet - continued
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
RESERVES
Retained earnings 124,380 122,994
SHAREHOLDERS' FUNDS 124,380 122,994

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by:





S M Mirfin - Director


Good Time Gifts Limited (Registered number: 08710328)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Good Time Gifts Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Good Time Gifts Limited (Registered number: 08710328)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Computer
and
Photographic
Freehold Equ
property ipment Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 205,000 8,888 213,888
DEPRECIATION
At 1 October 2022
and 30 September 2023 - 8,888 8,888
NET BOOK VALUE
At 30 September 2023 205,000 - 205,000
At 30 September 2022 205,000 - 205,000

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2022
and 30 September 2023 40,000
NET BOOK VALUE
At 30 September 2023 40,000
At 30 September 2022 40,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 4,357 1,374
Other debtors - 17,591
VAT 293 -
4,650 18,965

Good Time Gifts Limited (Registered number: 08710328)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 4,040 1,361
Rent Bond 4,000 4,000
Tax 3,418 6,119
Social security and other taxes (707 ) (940 )
Wages Control Account 1,499 898
VAT - 630
Directors' current accounts 750 41
Accrued expenses 640 661
13,640 12,770

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans - 1-2 years 85,119 94,378
Bank loans - 2-5 years 33,119 38,021
118,238 132,399