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REGISTERED NUMBER: SC403917 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

GERTIE'S UK LTD

GERTIE'S UK LTD (REGISTERED NUMBER: SC403917)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GERTIE'S UK LTD

COMPANY INFORMATION
for the year ended 31 July 2023







DIRECTORS: N C Ravenhall
L C McCrohan
Mrs L Rinylo
A E Ravenhall





REGISTERED OFFICE: 24A Ainslie Place
Edinburgh
Midlothian
EH3 6AJ





REGISTERED NUMBER: SC403917 (Scotland)





ACCOUNTANTS: Mitchell Edwards
Chartered Certified Accountants
24A Ainslie Place
Edinburgh
EH3 6AJ

GERTIE'S UK LTD (REGISTERED NUMBER: SC403917)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,586 7,453
Tangible assets 5 1,357 278
7,943 7,731

CURRENT ASSETS
Stocks 6 23,000 25,751
Debtors 7 41,952 5,077
Cash at bank and in hand 126,475 89,927
191,427 120,755
CREDITORS
Amounts falling due within one year 8 254,724 164,896
NET CURRENT LIABILITIES (63,297 ) (44,141 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(55,354

)

(36,410

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (55,454 ) (36,510 )
SHAREHOLDERS' FUNDS (55,354 ) (36,410 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 26 April 2024 and were signed on its behalf by:





L C McCrohan - Director


GERTIE'S UK LTD (REGISTERED NUMBER: SC403917)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2023


1. STATUTORY INFORMATION

Gertie's UK Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest £.

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.

The company meets its day to day working capital requirements through loans provided by the directors and others. They will continue to support the company until sufficient profitability is achieved and on this basis consider it appropriate to prepare the accounts on a going concern basis.

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

Intangible assets
Intangible assets comprise of Trademark costs which are shown at cost and are being amortised through the profit and loss account evenly over a period of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all material 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 4 (2022 - 2 ) .

GERTIE'S UK LTD (REGISTERED NUMBER: SC403917)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023


4. INTANGIBLE FIXED ASSETS
Trademarks
£   
COST
At 1 August 2022
and 31 July 2023 9,380
AMORTISATION
At 1 August 2022 1,927
Amortisation for year 867
At 31 July 2023 2,794
NET BOOK VALUE
At 31 July 2023 6,586
At 31 July 2022 7,453

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2022 9,995
Additions 1,757
At 31 July 2023 11,752
DEPRECIATION
At 1 August 2022 9,717
Charge for year 678
At 31 July 2023 10,395
NET BOOK VALUE
At 31 July 2023 1,357
At 31 July 2022 278

6. STOCKS
2023 2022
£    £   
Stocks 23,000 25,751

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,184 2,574
Other debtors 38,768 2,503
41,952 5,077

GERTIE'S UK LTD (REGISTERED NUMBER: SC403917)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 220,122 118,110
Taxation and social security 6,482 4,184
Other creditors 28,120 42,602
254,724 164,896

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
N C Ravenhall
Balance outstanding at start of year (13,162 ) (14,105 )
Amounts advanced 71,935 7,868
Amounts repaid (26,087 ) (6,925 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,686 (13,162 )

10. RELATED PARTY DISCLOSURES

During the year certain directors provided additional services to the Company over and above the normal services provided by Directors at a cost to the Company of £93,460 (2022: £118,110).