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REGISTERED NUMBER: 10142589 (England and Wales)



Financial Statements for the Year Ended 31 March 2024

for

Gallivant Perfumes Limited

Gallivant Perfumes Limited (Registered number: 10142589)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Gallivant Perfumes Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Ms C Marret
N J Steward





SECRETARY:





REGISTERED OFFICE: Studios 6 And 7 - The Factory 21-31 Shac
Dalston
London
E8 2DA





REGISTERED NUMBER: 10142589 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

Gallivant Perfumes Limited (Registered number: 10142589)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,173 1,298
Tangible assets 5 6,626 7,615
8,799 8,913

CURRENT ASSETS
Stocks 74,055 82,812
Debtors 6 15,186 29,887
Cash at bank and in hand 148,977 152,149
238,218 264,848
CREDITORS
Amounts falling due within one year 7 (30,916 ) (45,001 )
NET CURRENT ASSETS 207,302 219,847
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,101

228,760

CAPITAL AND RESERVES
Called up share capital 204 204
Share premium 146,943 146,943
Retained earnings 68,954 81,613
SHAREHOLDERS' FUNDS 216,101 228,760

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Gallivant Perfumes Limited (Registered number: 10142589)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 23 December 2024 and were signed on its behalf by:




Ms C Marret - Director



N J Steward - Director


Gallivant Perfumes Limited (Registered number: 10142589)

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


1. STATUTORY INFORMATION

Gallivant Perfumes 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.

Intangible assets
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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Gallivant Perfumes Limited (Registered number: 10142589)

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


2. ACCOUNTING POLICIES - continued
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.

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 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023 1,569
Additions 1,157
At 31 March 2024 2,726
AMORTISATION
At 1 April 2023 271
Charge for year 282
At 31 March 2024 553
NET BOOK VALUE
At 31 March 2024 2,173
At 31 March 2023 1,298

Gallivant Perfumes Limited (Registered number: 10142589)

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


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 17,674
Additions 1,220
At 31 March 2024 18,894
DEPRECIATION
At 1 April 2023 10,059
Charge for year 2,209
At 31 March 2024 12,268
NET BOOK VALUE
At 31 March 2024 6,626
At 31 March 2023 7,615

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 11,987 26,172
Other debtors 3,199 3,715
15,186 29,887

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 12,156 11,493
Taxation and social security (2,656 ) 6,377
Other creditors 21,416 27,131
30,916 45,001