2023-02-012024-01-312024-01-31false12399047THE ONLINE GIVEAWAY GUYS LTD2024-10-31iso4217:GBPxbrli:pure123990472023-02-01123990472024-01-31123990472023-02-012024-01-31123990472022-02-01123990472023-01-31123990472022-02-012023-01-3112399047bus:SmallEntities2023-02-012024-01-3112399047bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3112399047bus:FullAccounts2023-02-012024-01-3112399047bus:PrivateLimitedCompanyLtd2023-02-012024-01-3112399047core:WithinOneYear2024-01-3112399047core:AfterOneYear2024-01-3112399047core:WithinOneYear2023-01-3112399047core:AfterOneYear2023-01-3112399047core:ShareCapital2024-01-3112399047core:SharePremium2024-01-3112399047core:RevaluationReserve2024-01-3112399047core:OtherReservesSubtotal2024-01-3112399047core:RetainedEarningsAccumulatedLosses2024-01-3112399047core:ShareCapital2023-01-3112399047core:SharePremium2023-01-3112399047core:RevaluationReserve2023-01-3112399047core:OtherReservesSubtotal2023-01-3112399047core:RetainedEarningsAccumulatedLosses2023-01-3112399047core:LandBuildings2024-01-3112399047core:PlantMachinery2024-01-3112399047core:Vehicles2024-01-3112399047core:FurnitureFittings2024-01-3112399047core:OfficeEquipment2024-01-3112399047core:NetGoodwill2024-01-3112399047core:IntangibleAssetsOtherThanGoodwill2024-01-3112399047core:ListedExchangeTraded2024-01-3112399047core:UnlistedNon-exchangeTraded2024-01-3112399047core:LandBuildings2023-01-3112399047core:PlantMachinery2023-01-3112399047core:Vehicles2023-01-3112399047core:FurnitureFittings2023-01-3112399047core:OfficeEquipment2023-01-3112399047core:NetGoodwill2023-01-3112399047core:IntangibleAssetsOtherThanGoodwill2023-01-3112399047core:ListedExchangeTraded2023-01-3112399047core:UnlistedNon-exchangeTraded2023-01-3112399047core:LandBuildings2023-02-012024-01-3112399047core:PlantMachinery2023-02-012024-01-3112399047core:Vehicles2023-02-012024-01-3112399047core:FurnitureFittings2023-02-012024-01-3112399047core:OfficeEquipment2023-02-012024-01-3112399047core:NetGoodwill2023-02-012024-01-3112399047core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3112399047core:ListedExchangeTraded2023-02-012024-01-3112399047core:UnlistedNon-exchangeTraded2023-02-012024-01-3112399047core:MoreThanFiveYears2023-02-012024-01-3112399047core:Non-currentFinancialInstruments2024-01-3112399047core:Non-currentFinancialInstruments2023-01-3112399047dpl:CostSales2023-02-012024-01-3112399047dpl:DistributionCosts2023-02-012024-01-3112399047core:LandBuildings2023-02-012024-01-3112399047core:PlantMachinery2023-02-012024-01-3112399047core:Vehicles2023-02-012024-01-3112399047core:FurnitureFittings2023-02-012024-01-3112399047core:OfficeEquipment2023-02-012024-01-3112399047dpl:AdministrativeExpenses2023-02-012024-01-3112399047core:NetGoodwill2023-02-012024-01-3112399047core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3112399047dpl:GroupUndertakings2023-02-012024-01-3112399047dpl:ParticipatingInterests2023-02-012024-01-3112399047dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3112399047core:ListedExchangeTraded2023-02-012024-01-3112399047dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3112399047core:UnlistedNon-exchangeTraded2023-02-012024-01-3112399047dpl:CostSales2022-02-012023-01-3112399047dpl:DistributionCosts2022-02-012023-01-3112399047core:LandBuildings2022-02-012023-01-3112399047core:PlantMachinery2022-02-012023-01-3112399047core:Vehicles2022-02-012023-01-3112399047core:FurnitureFittings2022-02-012023-01-3112399047core:OfficeEquipment2022-02-012023-01-3112399047dpl:AdministrativeExpenses2022-02-012023-01-3112399047core:NetGoodwill2022-02-012023-01-3112399047core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3112399047dpl:GroupUndertakings2022-02-012023-01-3112399047dpl:ParticipatingInterests2022-02-012023-01-3112399047dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3112399047core:ListedExchangeTraded2022-02-012023-01-3112399047dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3112399047core:UnlistedNon-exchangeTraded2022-02-012023-01-3112399047core:NetGoodwill2024-01-3112399047core:IntangibleAssetsOtherThanGoodwill2024-01-3112399047core:LandBuildings2024-01-3112399047core:PlantMachinery2024-01-3112399047core:Vehicles2024-01-3112399047core:FurnitureFittings2024-01-3112399047core:OfficeEquipment2024-01-3112399047core:AfterOneYear2024-01-3112399047core:WithinOneYear2024-01-3112399047core:ListedExchangeTraded2024-01-3112399047core:UnlistedNon-exchangeTraded2024-01-3112399047core:ShareCapital2024-01-3112399047core:SharePremium2024-01-3112399047core:RevaluationReserve2024-01-3112399047core:OtherReservesSubtotal2024-01-3112399047core:RetainedEarningsAccumulatedLosses2024-01-3112399047core:NetGoodwill2023-01-3112399047core:IntangibleAssetsOtherThanGoodwill2023-01-3112399047core:LandBuildings2023-01-3112399047core:PlantMachinery2023-01-3112399047core:Vehicles2023-01-3112399047core:FurnitureFittings2023-01-3112399047core:OfficeEquipment2023-01-3112399047core:AfterOneYear2023-01-3112399047core:WithinOneYear2023-01-3112399047core:ListedExchange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THE ONLINE GIVEAWAY GUYS LTD

Registered Number
12399047
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

THE ONLINE GIVEAWAY GUYS LTD
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

Peter Toye

Registered Address

20-22 Wenlock Road
London
N1 7GU

Registered Number

12399047 (England and Wales)
THE ONLINE GIVEAWAY GUYS LTD
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3121,51214,665
121,51214,665
Current assets
Stocks4110,50063,495
Debtors-282,479
Cash at bank and on hand549,06535,347
659,565381,321
Creditors amounts falling due within one year5(626,541)(182,751)
Net current assets (liabilities)33,024198,570
Total assets less current liabilities154,536213,235
Creditors amounts falling due after one year6-(125,943)
Net assets154,53687,292
Capital and reserves
Profit and loss account154,53687,292
Shareholders' funds154,53687,292
The financial statements were approved and authorised for issue by the Director on 31 October 2024, and are signed on its behalf by:
Peter Toye
Director
Registered Company No. 12399047
THE ONLINE GIVEAWAY GUYS LTD
Notes to the Financial Statements
for the year ended 31 January 2024

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.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
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.
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:
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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

20242023
Average number of employees during the year43
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 February 2328,381--94929,330
Additions400105,27523,1215,215134,011
Disposals(22,432)---(22,432)
At 31 January 246,349105,27523,1216,164140,909
Depreciation and impairment
At 01 February 2314,191--47414,665
Charge for year1,04512,8662,0912,92118,923
On disposals(14,191)---(14,191)
At 31 January 241,04512,8662,0913,39519,397
Net book value
At 31 January 245,30492,40921,0302,769121,512
At 31 January 2314,190--47514,665
4.Stocks

2024

2023

££
Finished goods110,50063,495
Total110,50063,495
5.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts109,853-
Taxation and social security338,116132,125
Finance lease and HP contracts70,546-
Other creditors97,04550,626
Accrued liabilities and deferred income10,981-
Total626,541182,751
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts-125,943
Total-125,943