2023-07-01 2024-06-30 13465032 GIFFI LTD false 13465032 2023-07-01 2024-06-30 13465032 uk-bus:Director1 2023-07-01 2024-06-30 13465032 uk-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 13465032 uk-bus:SmallEntities 2023-07-01 2024-06-30 13465032 uk-bus:FullAccounts 2023-07-01 2024-06-30 13465032 uk-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13465032 2023-07-01 13465032 2024-06-30 13465032 2023-06-30 xbrli:pure iso4217:GBP 13465032 2022-07-01 2023-06-30
Company Registration Number : 13465032 (England and Wales)
13465032
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-06-30
false
GIFFI LTD
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-07-01
GIFFI LTD
Unaudited filleted financial statements
For the year ended 30 June 2024
GIFFI LTD
Contents
For the year ended 30 June 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


GIFFI LTD
Company Information
For the year ended 30 June 2024

Company registration number 13465032 (England and Wales)
Director P Nair
Registered office address 334, Third Floor, Linen Hall
162-168 Regent Street
London
W1B 5TG
Accountant Phil Bessant Limited
Chartered Management Accountants
Agincourt House
14 Clytha Park Road,
Newport
NP20 4PB
GIFFI LTD
Statement of Financial Position
For the year ended 30 June 2024

2024 2023
Notes £ £
Fixed assets
Property, plant and equipment 49,945 41,202
5 49,945 41,202
Current assets
Debtors 2,225 8,383
Cash and cash equivalents 100 1,993
2,325 10,376
Current liabilities
Creditors: Amounts falling due within one year (51,706) (37,021)
(51,706) (37,021)
Net current (liabilities)/assets (49,381) (26,645)
Total assets less current liabilities 564 14,557
Net assets/(liabilities) 564 14,557
Capital and reserves
Called up share capital 1,000 1,000
Retained earnings (436) 13,557
Shareholder's funds 564 14,557
For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 30 June 2024 the company was entitled to exemption from audit 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 director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 02 December 2024
.............................
P NAIR (Director)
Company registration number: 13465032
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-06-30 30 June 2024
2024 2023
£ £
Fixed Assets 49,945 41,202
Current Assets 2,325 10,376
Creditors: amounts falling due within one year (51,706) (37,021)
Net current assets (liabilities) (49,381) (26,645)
Total assets less current liabilities 564 14,557
Net Assets (liabilities) 564 14,557
Capital and Reserves 564 14,557
For the year ending 30/06/2024 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. For the year ending 30-06-2024 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 for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 02 December 2024 2024-12-02 and signed on behalf of the board,
.............................
P NAIR
Director
Company registration number: 13465032
GIFFI LTD
Notes to the Financial Statements
For the year ended 30 June 2024

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 334, Third Floor, Linen Hall, 162-168 Regent Street, London, W1B 5TG.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings20% reducing balance
Equipment
Motor Cars
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

(4) Employees
During the year, the average number of employees including director was 2 (2023 : 2).

(5) Fixed assets
Tangible

£
Cost
As at 01 July 202350,186
Additions19,755
As at 30 June 202469,941
Depreciation/Amortisation
As at 01 July 20238,985
For the year11,012
As at 30 June 202419,997
Net book value
As at 30 June 202449,944
As at 30 June 202341,201