GIGIGO LIMITED

Company Registration Number:
10637612 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

GIGIGO LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

GIGIGO LIMITED

Balance sheet

As at 28 February 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 3,292 3,542
Tangible assets: 4 66,826 71,943
Total fixed assets: 70,118 75,485
Current assets
Stocks: 3,570 3,500
Debtors:   40,141 52,304
Cash at bank and in hand: 899,906 726,943
Total current assets: 943,617 782,747
Creditors: amounts falling due within one year:   (183,922) (171,579)
Net current assets (liabilities): 759,695 611,168
Total assets less current liabilities: 829,813 686,653
Creditors: amounts falling due after more than one year:   (14,322) (24,176)
Total net assets (liabilities): 815,491 662,477
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 815,391 662,377
Shareholders funds: 815,491 662,477

The notes form part of these financial statements

GIGIGO LIMITED

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 August 2024
and signed on behalf of the board by:

Name: S SEO
Status: Director

The notes form part of these financial statements

GIGIGO LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Leasehold Property - over the term of lease-20 years Fixtures and fittings - 20% on reducing balance basis Plant & machinery - 25% on reducing balance basis

Intangible fixed assets and amortisation policy

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other accounting policies

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

GIGIGO LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 26 27

GIGIGO LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Intangible Assets

Total
Cost £
At 01 March 2023 5,000
At 28 February 2024 5,000
Amortisation
At 01 March 2023 1,458
Charge for year 250
At 28 February 2024 1,708
Net book value
At 28 February 2024 3,292
At 28 February 2023 3,542

GIGIGO LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Tangible Assets

Total
Cost £
At 01 March 2023 124,571
Additions 5,524
At 28 February 2024 130,095
Depreciation
At 01 March 2023 52,628
Charge for year 10,641
At 28 February 2024 63,269
Net book value
At 28 February 2024 66,826
At 28 February 2023 71,943