Company Registration No. 10835878 (England and Wales)
Global Gift House Ltd.
Unaudited accounts
for the year ended 30 June 2024
Global Gift House Ltd.
Unaudited accounts
Contents
Global Gift House Ltd.
Company Information
for the year ended 30 June 2024
Director
Mandeep Singh Gulati
Company Number
10835878 (England and Wales)
Registered Office
Unit 5 Tomo Industrial Estate
Packet Boat Lane
Uxbridge
Middlesex
UB8 2JP
United Kingdom
Global Gift House Ltd.
Statement of financial position
as at 30 June 2024
Inventories
257,929
633,564
Cash at bank and in hand
3,223
9,440
Creditors: amounts falling due within one year
(565,700)
(1,032,590)
Net current assets
10,265
46,830
Total assets less current liabilities
10,334
46,934
Creditors: amounts falling due after more than one year
-
(25,000)
Called up share capital
1
1
Profit and loss account
10,333
21,933
Shareholders' funds
10,334
21,934
For the year ending 30 June 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 16 October 2024 and were signed on its behalf by
Mandeep Singh Gulati
Director
Company Registration No. 10835878
Global Gift House Ltd.
Notes to the Accounts
for the year ended 30 June 2024
Global Gift House Ltd. is a private company, limited by shares, registered in England and Wales, registration number 10835878. The registered office is Unit 5 Tomo Industrial Estate, Packet Boat Lane, Uxbridge, Middlesex, UB8 2JP, United Kingdom.
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
Computer equipment
Amounts falling due within one year
Trade debtors
164,813
271,416
Accrued income and prepayments
150,000
165,000
Global Gift House Ltd.
Notes to the Accounts
for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,198
-
Taxes and social security
4,160
992
Proposed dividends
29,833
13,500
Other creditors
528,272
1,018,098
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 0 (2023: 0).