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REGISTERED NUMBER: 11762822 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

DIVA GIFT LTD

DIVA GIFT LTD (REGISTERED NUMBER: 11762822)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


DIVA GIFT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







Director: Ms D Patang





Registered office: Unit 1501 Buckingham Road
Silverstone Business Park
Towcester
NN12 8FU





Registered number: 11762822 (England and Wales)





Accountants: Johnsons, Chartered Accountants
1-2 Craven Road
Ealing
London
W5 2UA

DIVA GIFT LTD (REGISTERED NUMBER: 11762822)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31ST JANUARY 2024

The director presents her report with the financial statements of the company for the year ended 31st January 2024.

Director
Ms D Patang held office during the whole of the period from 1st February 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

On behalf of the board:





Ms D Patang - Director


27th January 2025

DIVA GIFT LTD (REGISTERED NUMBER: 11762822)

INCOME STATEMENT
FOR THE YEAR ENDED 31ST JANUARY 2024

2024 2023
Notes £    £   

Turnover 4,210,474 2,912,662

Cost of sales (2,596,401 ) (1,569,625 )
Gross profit 1,614,073 1,343,037

Administrative expenses (1,304,918 ) (1,059,921 )
Operating profit 4 309,155 283,116

Interest receivable and similar income 1,028 -
310,183 283,116

Interest payable and similar expenses (980 ) (802 )
Profit before taxation 309,203 282,314

Tax on profit (73,885 ) (20,530 )
Profit for the financial year 235,318 261,784

DIVA GIFT LTD (REGISTERED NUMBER: 11762822)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £   
Fixed assets
Intangible assets 5 23,065 26,619
Tangible assets 6 162,029 170,293
185,094 196,912

Current assets
Stocks 2,330,041 2,073,237
Debtors 7 489,150 599,868
Cash at bank 254,402 88,291
3,073,593 2,761,396
Creditors
Amounts falling due within one year 8 (1,823,211 ) (1,765,546 )
Net current assets 1,250,382 995,850
Total assets less current liabilities 1,435,476 1,192,762

Creditors
Amounts falling due after more than one
year

9

(790,785

)

(785,023

)

Provisions for liabilities (30,785 ) (29,151 )
Net assets 613,906 378,588

Capital and reserves
Called up share capital 1 1
Retained earnings 613,905 378,587
613,906 378,588

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

DIVA GIFT LTD (REGISTERED NUMBER: 11762822)

BALANCE SHEET - continued
31ST JANUARY 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 27th January 2025 and were signed by:





Ms D Patang - Director


DIVA GIFT LTD (REGISTERED NUMBER: 11762822)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

Diva Gift 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.

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.

Website development are being amortised evenly over their estimated useful life of five years.

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

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% 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 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.

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.

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.

DIVA GIFT LTD (REGISTERED NUMBER: 11762822)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 17 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 52,012 61,194
Website development amortisation 2,446 2,446
Computer software amortisation 17,907 15,172

5. INTANGIBLE FIXED ASSETS
Website Computer
development software Totals
£    £    £   
Cost
At 1st February 2023 12,231 78,580 90,811
Additions - 16,799 16,799
At 31st January 2024 12,231 95,379 107,610
Amortisation
At 1st February 2023 8,427 55,765 64,192
Amortisation for year 2,446 17,907 20,353
At 31st January 2024 10,873 73,672 84,545
Net book value
At 31st January 2024 1,358 21,707 23,065
At 31st January 2023 3,804 22,815 26,619

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1st February 2023 236,330 50,703 50,323 337,356
Additions 22,894 20,854 - 43,748
At 31st January 2024 259,224 71,557 50,323 381,104
Depreciation
At 1st February 2023 99,333 24,997 42,733 167,063
Charge for year 36,853 8,053 7,106 52,012
At 31st January 2024 136,186 33,050 49,839 219,075
Net book value
At 31st January 2024 123,038 38,507 484 162,029
At 31st January 2023 136,997 25,706 7,590 170,293

DIVA GIFT LTD (REGISTERED NUMBER: 11762822)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 473,213 473,213
Rent deposit 15,759 15,759
VAT 178 110,896
489,150 599,868

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,698 9,000
Trade creditors 36,011 10,070
Tax 104,407 (119,843 )
Social security and other taxes 31,392 34,633
Net wages 68,502 18,106
Other creditors 104,734 315,712
Pension payable 1,125 1,676
Director's Loan Account 1,458,842 1,482,937
Accrued expenses 7,500 13,255
1,823,211 1,765,546

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 24,962 30,000
Diva Package Ltd 765,823 755,023
790,785 785,023