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COMPANY REGISTRATION NUMBER: SC284465
PRECIOUS GIFTS LTD.
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 June 2024
PRECIOUS GIFTS LTD.
FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2024
Contents
Page
Officers and professional advisers
1
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position and the notes to the financial statements
3
PRECIOUS GIFTS LTD.
OFFICERS AND PROFESSIONAL ADVISERS
Director
Mr E.C. Chisholm
Company secretary
Mrs T. Devlin
Registered office
27 East Church Street
Buckie
Moray
AB56 1ET
Accountants
Ritsons
Chartered Accountants
26-30 Marine Place
Buckie
Moray
AB56 1UT
PRECIOUS GIFTS LTD.
CHARTERED ACCOUNTANTS REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PRECIOUS GIFTS LTD.
YEAR ENDED 30 JUNE 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Precious Gifts Ltd. for the year ended 30 June 2024, which comprise the statement of financial position and the notes to the financial statements from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the director of Precious Gifts Ltd.. Our work has been undertaken solely to prepare for your approval the financial statements of Precious Gifts Ltd. and state those matters that we have agreed to state to you in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Precious Gifts Ltd. and its director for our work or for this report.
It is your duty to ensure that Precious Gifts Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Precious Gifts Ltd.. You consider that Precious Gifts Ltd. is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Precious Gifts Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ritsons Chartered Accountants
26-30 Marine Place Buckie Moray AB56 1UT
9 January 2025
PRECIOUS GIFTS LTD.
STATEMENT OF FINANCIAL POSITION
30 June 2024
2024
2023
£
£
Fixed assets
97,287
100,804
---------
----------
Current assets
135,031
136,165
Prepayments and accrued income
323
305
----------
----------
135,354
136,470
Creditors: amounts falling due within one year
130,092
124,819
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----------
NET CURRENT ASSETS
5,262
11,651
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----------
TOTAL ASSETS LESS CURRENT LIABILITIES
102,549
112,455
Accruals and deferred income
1,700
1,784
----------
----------
100,849
110,671
----------
----------
Capital and reserves
100,849
110,671
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----------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 5 ).
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 9 January 2025 , and are signed on behalf of the board by:
Mr E.C. Chisholm
Director
Company registration number: SC284465
The company is a private company limited by shares, registered in Scotland.