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REGISTERED NUMBER: 11828416 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 26TH FEBRUARY 2024

FOR

THE WILD GINGER GIFTS & HOMEWARES LTD

THE WILD GINGER GIFTS & HOMEWARES LTD (REGISTERED NUMBER: 11828416)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 26TH FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE WILD GINGER GIFTS & HOMEWARES LTD

COMPANY INFORMATION
for the Year Ended 26TH FEBRUARY 2024







DIRECTOR: Miss S E Peteranna





REGISTERED OFFICE: 327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN





REGISTERED NUMBER: 11828416 (England and Wales)





ACCOUNTANTS: Whitehead & Howarth
327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN

THE WILD GINGER GIFTS & HOMEWARES LTD (REGISTERED NUMBER: 11828416)

BALANCE SHEET
26TH FEBRUARY 2024

26/2/24 26/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,669 3,055

CURRENT ASSETS
Stocks 15,000 23,000
Debtors 5 4,444 77
Cash at bank and in hand 11,269 11,822
30,713 34,899
CREDITORS
Amounts falling due within one year 6 25,351 13,610
NET CURRENT ASSETS 5,362 21,289
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,031

24,344

CREDITORS
Amounts falling due after more than one
year

7

(5,047

)

(8,000

)

PROVISIONS FOR LIABILITIES (507 ) (580 )
NET ASSETS 2,477 15,764

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,377 15,664
2,477 15,764

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 26th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 26th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

THE WILD GINGER GIFTS & HOMEWARES LTD (REGISTERED NUMBER: 11828416)

BALANCE SHEET - continued
26TH FEBRUARY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26th November 2024 and were signed by:





Miss S E Peteranna - Director


THE WILD GINGER GIFTS & HOMEWARES LTD (REGISTERED NUMBER: 11828416)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 26TH FEBRUARY 2024

1. STATUTORY INFORMATION

The Wild Ginger Gifts & Homewares 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover 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.
Plant and machinery etc - 33% on reducing balance and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

THE WILD GINGER GIFTS & HOMEWARES LTD (REGISTERED NUMBER: 11828416)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 26TH FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 27th February 2023 6,838
Additions 309
At 26th February 2024 7,147
DEPRECIATION
At 27th February 2023 3,783
Charge for year 695
At 26th February 2024 4,478
NET BOOK VALUE
At 26th February 2024 2,669
At 26th February 2023 3,055

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26/2/24 26/2/23
£    £   
Other debtors 4,444 77

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26/2/24 26/2/23
£    £   
Bank loans and overdrafts 3,000 3,000
Trade creditors 1,650 3,052
Taxation and social security 255 838
Other creditors 20,446 6,720
25,351 13,610

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
26/2/24 26/2/23
£    £   
Bank loans 5,047 8,000

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
26/2/24 26/2/23
£    £   
Within one year 550 6,600
Between one and five years - 550
550 7,150

There is no rent review over the fixed term.

THE WILD GINGER GIFTS & HOMEWARES LTD (REGISTERED NUMBER: 11828416)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 26TH FEBRUARY 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the loan account of the director was in credit by £15,528 (2023: £1,718). This amount is included within other creditors.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss S E Peteranna.