1 August 2022 false No description of principal activity Taxfiler 2024.1 SC253039business:PrivateLimitedCompanyLtd2022-08-012023-07-31 SC2530392022-07-31 SC2530392022-08-012023-07-31 SC253039business:AuditExempt-NoAccountantsReport2022-08-012023-07-31 SC253039business:FilletedAccounts2022-08-012023-07-31 SC2530392023-07-31 SC253039business:Director12022-08-012023-07-31 SC253039business:Director22022-08-012023-07-31 SC253039business:RegisteredOffice2022-08-012023-07-31 SC2530392022-07-31 SC253039core:WithinOneYear2023-07-31 SC253039core:WithinOneYear2022-07-31 SC253039core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 SC253039core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 SC253039core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 SC253039core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 SC253039core:PreviouslyStatedAmount2023-07-31 SC253039core:PreviouslyStatedAmount2022-07-31 SC253039business:SmallEntities2022-08-012023-07-31 SC253039countries:Scotland2022-08-012023-07-31 SC253039core:ComputerEquipment2022-08-012023-07-31 SC253039core:ComputerEquipment2022-07-31 SC253039core:ComputerEquipment2023-07-31 SC2530392021-08-012022-07-31 iso4217:GBP xbrli:pure
Company Registration No. SC253039 (Scotland)
Tay Gifts Limited Unaudited accounts for the year ended 31 July 2023
Tay Gifts Limited Unaudited accounts Contents
Page
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Tay Gifts Limited Company Information for the year ended 31 July 2023
Directors
Clive John Price Christiane Anna Price
Company Number
SC253039 (Scotland)
Registered Office
61 GEORGE STREET PERTH PERTHSHIRE PH1 5LB
Accountants
B&L - TaxKings Ltd 2 Charlotte Street Perth PH1 5LL
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Tay Gifts Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
287 
383 
Current assets
Inventories
17,131 
17,548 
Debtors
151 
762 
Cash at bank and in hand
6,143 
10,246 
23,425 
28,556 
Creditors: amounts falling due within one year
(23,785)
(26,181)
Net current (liabilities)/assets
(360)
2,375 
Net (liabilities)/assets
(73)
2,758 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(75)
2,756 
Shareholders' funds
(73)
2,758 
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by
Clive John Price Director Company Registration No. SC253039
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Tay Gifts Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Tay Gifts Limited is a private company, limited by shares, registered in Scotland, registration number SC253039. The registered office is 61 GEORGE STREET, PERTH, PERTHSHIRE, PH1 5LB.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
25% Reducing balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2022
909 
At 31 July 2023
909 
Depreciation
At 1 August 2022
526 
Charge for the year
96 
At 31 July 2023
622 
Net book value
At 31 July 2023
287 
At 31 July 2022
383 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
151 
762 
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Tay Gifts Limited Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
24 
Loans from directors
21,457 
24,040 
Accruals
2,328 
2,117 
23,785 
26,181 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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