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Company Registration No. 09877890 (England and Wales)
Gift Electrical Ltd Unaudited accounts for the year ended 30 November 2023
Gift Electrical Ltd Unaudited accounts Contents
Page
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Gift Electrical Ltd Company Information for the year ended 30 November 2023
Director
Anthony Whyte
Company Number
09877890 (England and Wales)
Registered Office
603 Saffron Lane Leicester Leicestershire LE2 6UN England
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Gift Electrical Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,690 
21,530 
Current assets
Debtors
7,073 
114 
Cash at bank and in hand
1,282 
1,325 
8,355 
1,439 
Creditors: amounts falling due within one year
(11,173)
(6,778)
Net current liabilities
(2,818)
(5,339)
Total assets less current liabilities
16,872 
16,191 
Creditors: amounts falling due after more than one year
(19,755)
(25,642)
Net liabilities
(2,883)
(9,451)
Capital and reserves
Profit and loss account
(2,883)
(9,451)
Shareholders' funds
(2,883)
(9,451)
For the year ending 30 November 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 director acknowledges his 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 and authorised for issue on 2 August 2024 and were signed on its behalf by
Anthony Whyte Director Company Registration No. 09877890
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Gift Electrical Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Gift Electrical Ltd is a private company, limited by shares, registered in England and Wales, registration number 09877890. The registered office is 603 Saffron Lane, Leicester, Leicestershire, LE2 6UN, England.
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:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
781 
22,508 
289 
23,578 
At 30 November 2023
781 
22,508 
289 
23,578 
Depreciation
At 1 December 2022
208 
1,840 
- 
2,048 
Charge for the year
- 
1,840 
- 
1,840 
At 30 November 2023
208 
3,680 
- 
3,888 
Net book value
At 30 November 2023
573 
18,828 
289 
19,690 
At 30 November 2022
573 
20,668 
289 
21,530 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,073 
- 
Amounts falling due after more than one year
Trade debtors
- 
114 
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Gift Electrical Ltd Notes to the Accounts for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
13,117 
(3,971)
Obligations under finance leases and hire purchase contracts
- 
6,289 
Trade creditors
(18,652)
6,594 
Taxes and social security
(200)
(200)
Loans from directors
16,908 
(1,934)
11,173 
6,778 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
16,431 
19,352 
Obligations under finance leases and hire purchase contracts
3,324 
6,290 
19,755 
25,642 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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