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REGISTERED NUMBER: 08766143 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th November 2023

for

GINGER1 LIMITED

GINGER1 LIMITED (REGISTERED NUMBER: 08766143)






Contents of the Financial Statements
for the Year Ended 30th November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GINGER1 LIMITED

Company Information
for the Year Ended 30th November 2023







DIRECTORS: A J Rowley
Mrs B M Rowley





REGISTERED OFFICE: 89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ





REGISTERED NUMBER: 08766143 (England and Wales)





ACCOUNTANTS: Graham Martin & Co
Accountants
89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ

GINGER1 LIMITED (REGISTERED NUMBER: 08766143)

Balance Sheet
30th November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,279 622

CURRENT ASSETS
Debtors 5 14,900 -
Cash at bank 69,189 21,500
84,089 21,500
CREDITORS
Amounts falling due within one year 6 90,131 76,192
NET CURRENT LIABILITIES (6,042 ) (54,692 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,763

)

(54,070

)

PROVISIONS FOR LIABILITIES 433 236
NET LIABILITIES (4,196 ) (54,306 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (4,198 ) (54,308 )
SHAREHOLDERS' FUNDS (4,196 ) (54,306 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

GINGER1 LIMITED (REGISTERED NUMBER: 08766143)

Balance Sheet - continued
30th November 2023


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 7th August 2024 and were signed on its behalf by:





A J Rowley - Director


GINGER1 LIMITED (REGISTERED NUMBER: 08766143)

Notes to the Financial Statements
for the Year Ended 30th November 2023

1. STATUTORY INFORMATION

Ginger1 Limited 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.

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.
Plant and machinery etc - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

GINGER1 LIMITED (REGISTERED NUMBER: 08766143)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st December 2022 4,663
Additions 2,417
At 30th November 2023 7,080
DEPRECIATION
At 1st December 2022 4,041
Charge for year 760
At 30th November 2023 4,801
NET BOOK VALUE
At 30th November 2023 2,279
At 30th November 2022 622

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,400 -
Other debtors 500 -
14,900 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 3,264
Trade creditors 319 321
Taxation and social security 4,579 (539 )
Other creditors 85,233 73,146
90,131 76,192

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th November 2023 and 30th November 2022:

2023 2022
£    £   
A J Rowley
Balance outstanding at start of year 71,945 35,648
Amounts advanced 12,087 63,891
Amounts repaid - (27,594 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 84,032 71,945

GINGER1 LIMITED (REGISTERED NUMBER: 08766143)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A J Rowley.