Company Registration No. 08351015 (England and Wales)
GIFT IN CAN LTD
Unaudited accounts
for the year ended 31 January 2024
GIFT IN CAN LTD
Unaudited accounts
Contents
GIFT IN CAN LTD
Company Information
for the year ended 31 January 2024
Company Number
08351015 (England and Wales)
Registered Office
14 Elder Court
Birmingham
West Midlands
B38 9FQ
Accountants
Wentworth Wealth Ltd
44-45 Calthorpe Road
Edgbaston
Birmingham
B15 1TH
GIFT IN CAN LTD
Statement of financial position
as at 31 January 2024
Tangible assets
88,183
103,026
Cash at bank and in hand
25,243
77,989
Creditors: amounts falling due within one year
(64,870)
(94,129)
Net current assets
180,486
41,396
Total assets less current liabilities
268,669
144,422
Creditors: amounts falling due after more than one year
(115,136)
-
Net assets
153,533
144,422
Profit and loss account
153,533
144,422
Shareholders' funds
153,533
144,422
For the year ending 31 January 2024 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 23 August 2024 and were signed on its behalf by
Richard Coppage
Director
Company Registration No. 08351015
GIFT IN CAN LTD
Notes to the Accounts
for the year ended 31 January 2024
GIFT IN CAN LTD is a private company, limited by shares, registered in England and Wales, registration number 08351015. The registered office is 14 Elder Court, Birmingham, West Midlands, B38 9FQ.
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:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2023
159,669
89,996
249,665
Additions
10,751
3,800
14,551
At 31 January 2024
170,420
93,796
264,216
At 1 February 2023
90,234
56,405
146,639
Charge for the year
20,047
9,347
29,394
At 31 January 2024
110,281
65,752
176,033
At 31 January 2024
60,139
28,044
88,183
At 31 January 2023
69,435
33,591
103,026
GIFT IN CAN LTD
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Trade debtors
28,725
(12,626)
Accrued income and prepayments
1,825
1,825
Other debtors
68,337
68,337
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
15,143
57,531
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 10 (2023: 10).