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REGISTERED NUMBER: 06654031 (England and Wales)















Financial Statements

for the Year Ended 31 May 2024

for

Easy Gifts (UK) Ltd

Easy Gifts (UK) Ltd (Registered number: 06654031)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Easy Gifts (UK) Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: S R Nash
M A Nash





REGISTERED OFFICE: Unit 10 Axis Centre
Cleeve Road
Leatherhead
Surrey
KT22 7RD





REGISTERED NUMBER: 06654031 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Easy Gifts (UK) Ltd (Registered number: 06654031)

Statement of Financial Position
31 May 2024

31/5/24 31/5/23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 37,634 50,428

CURRENT ASSETS
Debtors 6 153,213 19,355
Cash at bank and in hand 14,070 23,182
167,283 42,537
CREDITORS
Amounts falling due within one year 7 (133,162 ) (69,267 )
NET CURRENT ASSETS/(LIABILITIES) 34,121 (26,730 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,755

23,698

PROVISIONS FOR LIABILITIES (9,408 ) (12,607 )
NET ASSETS 62,347 11,091

CAPITAL AND RESERVES
Called up share capital 40 40
Retained earnings 62,307 11,051
62,347 11,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Easy Gifts (UK) Ltd (Registered number: 06654031)

Statement of Financial Position - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2024 and were signed on its behalf by:





S R Nash - Director


Easy Gifts (UK) Ltd (Registered number: 06654031)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Easy Gifts (UK) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

Easy Gifts (UK) Ltd (Registered number: 06654031)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Cost
At 1 June 2023 3,945 57,135 61,080
Additions 784 - 784
At 31 May 2024 4,729 57,135 61,864
Depreciation
At 1 June 2023 2,320 8,332 10,652
Charge for year 1,378 12,200 13,578
At 31 May 2024 3,698 20,532 24,230
Net book value
At 31 May 2024 1,031 36,603 37,634
At 31 May 2023 1,625 48,803 50,428

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors - 2,384
Other debtors 153,213 16,971
153,213 19,355

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade creditors 2,993 2,873
Taxation and social security 66,983 48,739
Other creditors 63,186 17,655
133,162 69,267

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/5/24 31/5/23
£    £   
Within one year 36,000 36,000
Between one and five years - 36,000
36,000 72,000

9. SECURED DEBTS

Included within other creditors in an amount of £nil (2023: £1,503) which relates to invoice finance and is secured by a fixed and floating charge over the company's property.