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REGISTERED NUMBER: 14204576 (England and Wales)















Eccleston Cards & Gifts Ltd

Unaudited Financial Statements

for the Year Ended 30 September 2024






Eccleston Cards & Gifts Ltd (Registered number: 14204576)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eccleston Cards & Gifts Ltd

Company Information
for the year ended 30 September 2024







DIRECTORS: Mrs N Wellington
Mrs RE Bland





REGISTERED OFFICE: 4 Parr Cottages
Eccleston
Chorley
Lancashire
PR7 5RZ





REGISTERED NUMBER: 14204576 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Eccleston Cards & Gifts Ltd (Registered number: 14204576)

Balance Sheet
30 September 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 82,285 92,571
Tangible assets 5 3,220 3,789
85,505 96,360

CURRENT ASSETS
Stocks 67,000 27,500
Cash at bank 18,032 19,006
85,032 46,506
CREDITORS
Amounts falling due within one year 6 10,778 5,721
NET CURRENT ASSETS 74,254 40,785
TOTAL ASSETS LESS CURRENT
LIABILITIES

159,759

137,145

CREDITORS
Amounts falling due after more than one
year

7

(148,731

)

(136,107

)

PROVISIONS FOR LIABILITIES 8 (612 ) (720 )
NET ASSETS 10,416 318

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10,414 316
SHAREHOLDERS' FUNDS 10,416 318

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Eccleston Cards & Gifts Ltd (Registered number: 14204576)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by:





Mrs N Wellington - Director


Eccleston Cards & Gifts Ltd (Registered number: 14204576)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Eccleston Cards & Gifts Ltd 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 (£).


The amounts in the financial statements have been rounded to the nearest £1.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.


Eccleston Cards & Gifts Ltd (Registered number: 14204576)

Notes to the Financial Statements - continued
for the year ended 30 September 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 October 2023
and 30 September 2024 102,857
AMORTISATION
At 1 October 2023 10,286
Charge for year 10,286
At 30 September 2024 20,572
NET BOOK VALUE
At 30 September 2024 82,285
At 30 September 2023 92,571

Eccleston Cards & Gifts Ltd (Registered number: 14204576)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 October 2023 5,143
Additions 504
At 30 September 2024 5,647
DEPRECIATION
At 1 October 2023 1,354
Charge for year 1,073
At 30 September 2024 2,427
NET BOOK VALUE
At 30 September 2024 3,220
At 30 September 2023 3,789

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors - 4
Taxation and social security 8,727 3,717
Other creditors 2,051 2,000
10,778 5,721

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Other creditors 148,731 136,107

Other creditors includes a director's loan of £148,731(2023: £136,107) which is interest free, unsecured and with no fixed repayment terms.

8. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax
Accelerated capital allowances 612 720

Deferred tax
£
Balance at 1 October 2023 720
Credit to Statement of Income and Retained Earnings during year (108 )
Balance at 30 September 2024 612

Eccleston Cards & Gifts Ltd (Registered number: 14204576)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2 Ordinary 1 2 2

10. RELATED PARTY DISCLOSURES

In the opinion of the directors the company is controlled by its directors.