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REGISTERED NUMBER: 11162064 (England and Wales)















Unaudited Financial Statements for the Year Ended 27th February 2024

for

GIRI 1 Limited

GIRI 1 Limited (Registered number: 11162064)






Contents of the Financial Statements
for the Year Ended 27th February 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GIRI 1 Limited

Company Information
for the Year Ended 27th February 2024







DIRECTOR: Mrs O C Ricci





REGISTERED OFFICE: Peine House
HInd Hill Street
Heywood
OL10 1JZ





REGISTERED NUMBER: 11162064 (England and Wales)





ACCOUNTANT: Frazer Waite Desmier Limited
Peine House
Hind Hill Street
Heywood
Lancashire
OL10 1JZ

GIRI 1 Limited (Registered number: 11162064)

Abridged Balance Sheet
27th February 2024

27.2.24 27.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 134,565 152,181

CURRENT ASSETS
Debtors 486,718 618,656
Cash at bank and in hand 57,342 107,597
544,060 726,253
CREDITORS
Amounts falling due within one year 267,795 311,271
NET CURRENT ASSETS 276,265 414,982
TOTAL ASSETS LESS CURRENT
LIABILITIES

410,830

567,163

CREDITORS
Amounts falling due after more than one
year

5

(384,999

)

(480,584

)

PROVISIONS FOR LIABILITIES (25,567 ) (24,902 )
NET ASSETS 264 61,677

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 164 61,577
264 61,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 27th 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.

GIRI 1 Limited (Registered number: 11162064)

Abridged Balance Sheet - continued
27th February 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 27th February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 27th June 2024 and were signed by:





Mrs O C Ricci - Director


GIRI 1 Limited (Registered number: 11162064)

Notes to the Financial Statements
for the Year Ended 27th February 2024

1. STATUTORY INFORMATION

GIRI 1 Limited 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 - 25% on reducing balance and 20% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 22 ) .

GIRI 1 Limited (Registered number: 11162064)

Notes to the Financial Statements - continued
for the Year Ended 27th February 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 28th February 2023 172,631
Additions 72,738
Disposals (60,584 )
At 27th February 2024 184,785
DEPRECIATION
At 28th February 2023 20,450
Charge for year 29,770
At 27th February 2024 50,220
NET BOOK VALUE
At 27th February 2024 134,565
At 27th February 2023 152,181

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
27.2.24 27.2.23
£    £   
Repayable by instalments
Other loans more 5yrs instal - 20,260