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
Gift Electrical Ltd
Company Information
for the year ended 30 November 2023
Company Number
09877890 (England and Wales)
Registered Office
603 Saffron Lane
Leicester
Leicestershire
LE2 6UN
England
Gift Electrical Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
19,690
21,530
Cash at bank and in hand
1,282
1,325
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)
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
Gift Electrical Ltd
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 30 November 2023
573
18,828
289
19,690
At 30 November 2022
573
20,668
289
21,530
Amounts falling due within one year
Amounts falling due after more than one year
Gift Electrical Ltd
Notes to the Accounts
for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023
2022
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)
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
3,324
6,290
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).