GIGIGO LIMITED

Company Registration Number:
10637612 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

GIGIGO LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

GIGIGO LIMITED

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 3,542 3,792
Tangible assets: 4 71,943 74,580
Total fixed assets: 75,485 78,372
Current assets
Stocks: 3,500 3,000
Debtors:   52,304 35,783
Cash at bank and in hand: 726,943 515,786
Total current assets: 782,747 554,569
Creditors: amounts falling due within one year:   (171,579) (122,633)
Net current assets (liabilities): 611,168 431,936
Total assets less current liabilities: 686,653 510,308
Creditors: amounts falling due after more than one year:   (24,176) (33,853)
Total net assets (liabilities): 662,477 476,455
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 662,377 476,355
Shareholders funds: 662,477 476,455

The notes form part of these financial statements

GIGIGO LIMITED

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 November 2023
and signed on behalf of the board by:

Name: S Seo
Status: Director

The notes form part of these financial statements

GIGIGO LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of twenty years.

Intangible fixed assets and amortisation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Leasehold Property - over the term of lease-20 yearsFixtures and fittings - 20% on reducing balance basisPlant & machinery - 25% on reducing balance basis

Valuation and information policy

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

GIGIGO LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 27 20

GIGIGO LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Intangible Assets

Total
Cost £
At 01 March 2022 5,000
At 28 February 2023 5,000
Amortisation
At 01 March 2022 1,208
Charge for year 250
At 28 February 2023 1,458
Net book value
At 28 February 2023 3,542
At 28 February 2022 3,792

GIGIGO LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Tangible Assets

Total
Cost £
At 01 March 2022 115,991
Additions 8,580
At 28 February 2023 124,571
Depreciation
At 01 March 2022 41,411
Charge for year 11,217
At 28 February 2023 52,628
Net book value
At 28 February 2023 71,943
At 28 February 2022 74,580