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REGISTERED NUMBER: 09399873 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

WIZZARD GIFTS LIMITED

WIZZARD GIFTS LIMITED (REGISTERED NUMBER: 09399873)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

WIZZARD GIFTS LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTOR: D F Rampling





REGISTERED OFFICE: 11 Helix Business Park
Wilton Road
Camberley
Surrey
GU15 2QT





REGISTERED NUMBER: 09399873 (England and Wales)





ACCOUNTANTS: Maven Accountants Limited
PO Box 1882
Southampton
Hampshire
SO15 9JZ

WIZZARD GIFTS LIMITED (REGISTERED NUMBER: 09399873)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 840 1,000

CURRENT ASSETS
Stocks 274,803 204,255
Debtors 6 232,939 287,804
Cash at bank and in hand 62,547 212,217
570,289 704,276
CREDITORS
Amounts falling due within one year 7 196,362 326,163
NET CURRENT ASSETS 373,927 378,113
TOTAL ASSETS LESS CURRENT
LIABILITIES

374,767

379,113

CREDITORS
Amounts falling due after more than
one year

8

12,078

22,824
NET ASSETS 362,689 356,289

CAPITAL AND RESERVES
Called up share capital 11 3,858 3,858
Retained earnings 358,831 352,431
SHAREHOLDERS' FUNDS 362,689 356,289

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WIZZARD GIFTS LIMITED (REGISTERED NUMBER: 09399873)

Balance Sheet - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 January 2025 and were signed by:





D F Rampling - Director


WIZZARD GIFTS LIMITED (REGISTERED NUMBER: 09399873)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Wizzard Gifts 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 - 33% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


WIZZARD GIFTS LIMITED (REGISTERED NUMBER: 09399873)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 12,623
Additions 1,252
At 30 April 2024 13,875
DEPRECIATION
At 1 May 2023 11,623
Charge for year 1,412
At 30 April 2024 13,035
NET BOOK VALUE
At 30 April 2024 840
At 30 April 2023 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 164,553 236,144
Other debtors 68,386 51,660
232,939 287,804

WIZZARD GIFTS LIMITED (REGISTERED NUMBER: 09399873)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,746 10,359
Trade creditors 142,909 180,301
Taxation and social security 32,073 38,367
Other creditors 10,634 97,136
196,362 326,163

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 12,078 22,824

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£    £   
Within one year 19,033 19,033

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Factoring 1,600 39,443

The Factoring facility, which stands at £1,600 (2023:£39,443) is secured by a fixed and floating charge, and includes a negative pledge.

The Bank overdraft, which stands at £140 (2023:£Nil) is secured by a fixed and floating charge, and includes a negative pledge.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
3,858 Ordinary £1 3,858 3,858

WIZZARD GIFTS LIMITED (REGISTERED NUMBER: 09399873)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
D F Rampling
Balance outstanding at start of year - 6,698
Amounts advanced 424 301
Amounts repaid - (6,999 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 424 -

At the year-end the Director, D R Rampling, owed to the Company the sum of £424 (2023: £Nil). This sum does not accrue interest and there are no formal re-payment terms therein.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Wizzard Gifts Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wizzard Gifts Limited for the year ended 30 April 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Wizzard Gifts Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wizzard Gifts Limited and state those matters that we have agreed to state to the director of Wizzard Gifts Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wizzard Gifts Limited and its director for our work or for this report.

It is your duty to ensure that Wizzard Gifts Limited 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 profit of Wizzard Gifts Limited. You consider that Wizzard Gifts Limited 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 Wizzard Gifts Limited. 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.






Maven Accountants Limited
PO Box 1882
Southampton
Hampshire
SO15 9JZ


7 January 2025