2022-07-012023-12-312023-12-31false10814763BUILD MY GIFT LTD2024-09-2647910iso4217:GBPxbrli:pure108147632022-07-01108147632023-12-31108147632022-07-012023-12-31108147632021-07-01108147632022-06-30108147632021-07-012022-06-3010814763bus:SmallEntities2022-07-012023-12-3110814763bus:AuditExempt-NoAccountantsReport2022-07-012023-12-3110814763bus:FullAccounts2022-07-012023-12-3110814763bus:PrivateLimitedCompanyLtd2022-07-012023-12-3110814763core:WithinOneYear2023-12-3110814763core:AfterOneYear2023-12-3110814763core:WithinOneYear2022-06-3010814763core:AfterOneYear2022-06-3010814763core:ShareCapital2023-12-3110814763core:SharePremium2023-12-3110814763core:RevaluationReserve2023-12-3110814763core:OtherReservesSubtotal2023-12-3110814763core:RetainedEarningsAccumulatedLosses2023-12-3110814763core:ShareCapital2022-06-3010814763core:SharePremium2022-06-3010814763core:RevaluationReserve2022-06-3010814763core:OtherReservesSubtotal2022-06-3010814763core:RetainedEarningsAccumulatedLosses2022-06-3010814763core:LandBuildings2023-12-3110814763core:PlantMachinery2023-12-3110814763core:Vehicles2023-12-3110814763core:FurnitureFittings2023-12-3110814763core:OfficeEquipment2023-12-3110814763core:NetGoodwill2023-12-3110814763core:IntangibleAssetsOtherThanGoodwill2023-12-3110814763core:ListedExchangeTraded2023-12-3110814763core:UnlistedNon-exchangeTraded2023-12-3110814763core:LandBuildings2022-06-3010814763core:PlantMachinery2022-06-3010814763core:Vehicles2022-06-3010814763core:FurnitureFittings2022-06-3010814763core:OfficeEquipment2022-06-3010814763core:NetGoodwill2022-06-3010814763core:IntangibleAssetsOtherThanGoodwill2022-06-3010814763core:ListedExchangeTraded2022-06-3010814763core:UnlistedNon-exchangeTraded2022-06-3010814763core:LandBuildings2022-07-012023-12-3110814763core:PlantMachinery2022-07-012023-12-3110814763core:Vehicles2022-07-012023-12-3110814763core:FurnitureFittings2022-07-012023-12-3110814763core:OfficeEquipment2022-07-012023-12-3110814763core:NetGoodwill2022-07-012023-12-3110814763core:IntangibleAssetsOtherThanGoodwill2022-07-012023-12-3110814763core:ListedExchangeTraded2022-07-012023-12-3110814763core:UnlistedNon-exchangeTraded2022-07-012023-12-3110814763core:MoreThanFiveYears2022-07-012023-12-3110814763core:Non-currentFinancialInstruments2023-12-3110814763core:Non-currentFinancialInstruments2022-06-3010814763dpl:CostSales2022-07-012023-12-3110814763dpl:DistributionCosts2022-07-012023-12-3110814763core:LandBuildings2022-07-012023-12-3110814763core:PlantMachinery2022-07-012023-12-3110814763core:Vehicles2022-07-012023-12-3110814763core:FurnitureFittings2022-07-012023-12-3110814763core:OfficeEquipment2022-07-012023-12-3110814763dpl:AdministrativeExpenses2022-07-012023-12-3110814763core:NetGoodwill2022-07-012023-12-3110814763core:IntangibleAssetsOtherThanGoodwill2022-07-012023-12-3110814763dpl:GroupUndertakings2022-07-012023-12-3110814763dpl:ParticipatingInterests2022-07-012023-12-3110814763dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-12-3110814763core:ListedExchangeTraded2022-07-012023-12-3110814763dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-12-3110814763core:UnlistedNon-exchangeTraded2022-07-012023-12-3110814763dpl:CostSales2021-07-012022-06-3010814763dpl:DistributionCosts2021-07-012022-06-3010814763core:LandBuildings2021-07-012022-06-3010814763core:PlantMachinery2021-07-012022-06-3010814763core:Vehicles2021-07-012022-06-3010814763core:FurnitureFittings2021-07-012022-06-3010814763core:OfficeEquipment2021-07-012022-06-3010814763dpl:AdministrativeExpenses2021-07-012022-06-3010814763core:NetGoodwill2021-07-012022-06-3010814763core:IntangibleAssetsOtherThanGoodwill2021-07-012022-06-3010814763dpl:GroupUndertakings2021-07-012022-06-3010814763dpl:ParticipatingInterests2021-07-012022-06-3010814763dpl:GroupUndertakingscore:ListedExchangeTraded2021-07-012022-06-3010814763core:ListedExchangeTraded2021-07-012022-06-3010814763dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-07-012022-06-3010814763core:UnlistedNon-exchangeTraded2021-07-012022-06-3010814763core:NetGoodwill2023-12-3110814763core:IntangibleAssetsOtherThanGoodwill2023-12-3110814763core:LandBuildings2023-12-3110814763core:PlantMachinery2023-12-3110814763core:Vehicles2023-12-3110814763core:FurnitureFittings2023-12-3110814763core:OfficeEquipment2023-12-3110814763core:AfterOneYear2023-12-3110814763core:WithinOneYear2023-12-3110814763core:ListedExchangeTraded2023-12-3110814763core:UnlistedNon-exchangeTraded2023-12-3110814763core:ShareCapital2023-12-3110814763core:SharePremium2023-12-3110814763core:RevaluationReserve2023-12-3110814763core:OtherReservesSubtotal2023-12-3110814763core:RetainedEarningsAccumulatedLosses2023-12-3110814763core:NetGoodwill2022-06-3010814763core:IntangibleAssetsOtherThanGoodwill2022-06-3010814763core:LandBuildings2022-06-3010814763core:PlantMachinery2022-06-3010814763core:Vehicles2022-06-3010814763core:FurnitureFittings2022-06-3010814763core:OfficeEquipment2022-06-3010814763core:AfterOneYear2022-06-3010814763core:WithinOneYear2022-06-3010814763core:ListedExc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BUILD MY GIFT LTD

Registered Number
10814763
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2023

BUILD MY GIFT LTD
Company Information
for the period from 1 July 2022 to 31 December 2023

Directors

DEOL, Manveel Singh
DEOL, Raskiertan
SNIDER, Ari, Mr.
SNIDER, James, Mr.

Registered Address

7 & 8 Edison Buildings Electric Wharf
Coventry
CV1 4JA

Registered Number

10814763 (England and Wales)
BUILD MY GIFT LTD
Balance Sheet as at
31 December 2023

Notes

31 Dec 2023

30 Jun 2022

£

£

£

£

Fixed assets
Tangible assets36,3767,293
6,3767,293
Current assets
Debtors174,26757,315
Cash at bank and on hand55,63621,475
229,90378,790
Creditors amounts falling due within one year4(74,664)(91,373)
Net current assets (liabilities)155,239(12,583)
Total assets less current liabilities161,615(5,290)
Creditors amounts falling due after one year5(17,643)(25,062)
Net assets143,972(30,352)
Capital and reserves
Called up share capital1,0003
Share premium157,980-
Profit and loss account(15,008)(30,355)
Shareholders' funds143,972(30,352)
The financial statements were approved and authorised for issue by the Board of Directors on 26 September 2024, and are signed on its behalf by:
DEOL, Manveel Singh
Director
Registered Company No. 10814763
BUILD MY GIFT LTD
Notes to the Financial Statements
for the period ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20232022
Average number of employees during the year22
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 July 228,3628,362
Additions2,0532,053
At 31 December 2310,41510,415
Depreciation and impairment
At 01 July 221,0691,069
Charge for year2,9702,970
At 31 December 234,0394,039
Net book value
At 31 December 236,3766,376
At 30 June 227,2937,293
4.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables54,73873,041
Bank borrowings and overdrafts16,23018,046
Taxation and social security1,851-
Accrued liabilities and deferred income1,845286
Total74,66491,373
5.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts17,64325,062
Total17,64325,062