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REGISTERED NUMBER: 13082050 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Gigi Palatnik Design Ltd

Gigi Palatnik Design Ltd (Registered number: 13082050)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Gigi Palatnik Design Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mrs G Palatnik





REGISTERED OFFICE: 21 Hillersdon Avenue
Edgware
Middlesex
HA8 7SG





REGISTERED NUMBER: 13082050 (England and Wales)





ACCOUNTANTS: VC Accountancy Services Ltd
Chartered Certified Accountants
21 Hillersdon Avenue
Edgware
Middlesex
HA8 7SG

Gigi Palatnik Design Ltd (Registered number: 13082050)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,066 3,963

CURRENT ASSETS
Debtors 5 219 33,311
Cash at bank 195,919 149,525
196,138 182,836
CREDITORS
Amounts falling due within one year 6 10,600 29,461
NET CURRENT ASSETS 185,538 153,375
TOTAL ASSETS LESS CURRENT
LIABILITIES

189,604

157,338

PROVISIONS FOR LIABILITIES 773 753
NET ASSETS 188,831 156,585

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 188,731 156,485
SHAREHOLDERS' FUNDS 188,831 156,585

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 29 March 2024 and were signed by:





Mrs G Palatnik - Director


Gigi Palatnik Design Ltd (Registered number: 13082050)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Gigi Palatnik Design Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

Gigi Palatnik Design Ltd (Registered number: 13082050)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 1,942 4,663 6,605
Additions 1,820 760 2,580
At 31 December 2023 3,762 5,423 9,185
DEPRECIATION
At 1 January 2023 777 1,865 2,642
Charge for year 945 1,532 2,477
At 31 December 2023 1,722 3,397 5,119
NET BOOK VALUE
At 31 December 2023 2,040 2,026 4,066
At 31 December 2022 1,165 2,798 3,963

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 32,699
Other debtors 219 612
219 33,311

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 8,700 27,552
Other creditors 1,900 1,909
10,600 29,461

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs G Palatnik.