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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
Page
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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
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Global Gift House Ltd. Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
69 
104 
Current assets
Inventories
257,929 
633,564 
Debtors
314,813 
436,416 
Cash at bank and in hand
3,223 
9,440 
575,965 
1,079,420 
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)
Net assets
10,334 
21,934 
Capital and reserves
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
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Global Gift House Ltd. Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
£ 
Cost or valuation
At cost 
At 1 July 2023
532 
At 30 June 2024
532 
Depreciation
At 1 July 2023
428 
Charge for the year
35 
At 30 June 2024
463 
Net book value
At 30 June 2024
69 
At 30 June 2023
104 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
164,813 
271,416 
Accrued income and prepayments
150,000 
165,000 
314,813 
436,416 
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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 
- 
VAT
2,237 
- 
Taxes and social security
4,160 
992 
Proposed dividends
29,833 
13,500 
Other creditors
528,272 
1,018,098 
565,700 
1,032,590 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
- 
25,000 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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