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REGISTERED NUMBER: 08402431 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

SKEGGY GIFT COMPANY LIMITED

SKEGGY GIFT COMPANY LIMITED (REGISTERED NUMBER: 08402431)

Contents of the Financial Statements
for the year ended 29 February 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SKEGGY GIFT COMPANY LIMITED

Company Information
for the year ended 29 February 2024







Director: Mrs J M Simpson





Registered office: 52 Sunningdale Drive
Skegness
Lincolnshire
PE25 1AY





Registered number: 08402431 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG

SKEGGY GIFT COMPANY LIMITED (REGISTERED NUMBER: 08402431)

Statement of Financial Position
29 February 2024

2024 2023
Notes £ £
Current assets
Stocks 16,500 6,497
Debtors 4 2,058 1,997
Cash at bank and in hand 3,012 11,104
21,570 19,598
Creditors
Amounts falling due within one year 5 17,753 13,139
Net current assets 3,817 6,459
Total assets less current liabilities 3,817 6,459

Capital and reserves
Called up share capital 100 100
Retained earnings 3,717 6,359
3,817 6,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 11 March 2024 and were signed by:





Mrs J M Simpson - Director


SKEGGY GIFT COMPANY LIMITED (REGISTERED NUMBER: 08402431)

Notes to the Financial Statements
for the year ended 29 February 2024


1. Statutory information

Skeggy Gift Company 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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 2,058 1,997

5. Creditors: amounts falling due within one year
2024 2023
£ £
Taxation and social security 872 -
Other creditors 16,881 13,139
17,753 13,139