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REGISTERED NUMBER: 11824472 (England and Wales)















GINGER CAT HOLDINGS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






GINGER CAT HOLDINGS LTD (REGISTERED NUMBER: 11824472)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GINGER CAT HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs S Sullivan
Mr B M Sullivan





REGISTERED OFFICE: Units 5 and 6
Kingsmill Industrial Estate Saunders Way
Cullompton
Devon
EX15 1BS





REGISTERED NUMBER: 11824472 (England and Wales)





ACCOUNTANTS: My Business Centre Limited
Jacob's Pool House
11 West Street
Okehampton
Devon
EX20 1HQ

GINGER CAT HOLDINGS LTD (REGISTERED NUMBER: 11824472)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,448 33,372

CURRENT ASSETS
Stocks 6,803 5,165
Debtors 5 78,340 71,284
Cash at bank 8,008 2,060
93,151 78,509
CREDITORS
Amounts falling due within one year 6 145,768 112,442
NET CURRENT LIABILITIES (52,617 ) (33,933 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(47,169

)

(561

)

CREDITORS
Amounts falling due after more than one
year

7

53,354

63,916
NET LIABILITIES (100,523 ) (64,477 )

CAPITAL AND RESERVES
Called up share capital 3 3
Share premium 54,729 54,729
Retained earnings (155,255 ) (119,209 )
(100,523 ) (64,477 )

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.

GINGER CAT HOLDINGS LTD (REGISTERED NUMBER: 11824472)

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 October 2024 and were signed on its behalf by:





Mrs S Sullivan - Director


GINGER CAT HOLDINGS LTD (REGISTERED NUMBER: 11824472)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Ginger Cat Holdings 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.

Going concern
The company has reported negative reserves again this year. Whilst disappointing, the directors and shareholders have a long term strategy for the company and believe that profits will be generated soon. The directors and shareholders are committed to supporting the company so the going concern basis is appropriate for these accounts.

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.
Improvements to property - 20% on cost
Plant and machinery - 20% on cost
Computer equipment - 50% 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.

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.

GINGER CAT HOLDINGS LTD (REGISTERED NUMBER: 11824472)

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

2. ACCOUNTING POLICIES - continued

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 7 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 April 2023 20,050 127,789 1,114 148,953
Additions - 1,357 1,117 2,474
At 31 March 2024 20,050 129,146 2,231 151,427
DEPRECIATION
At 1 April 2023 16,040 98,427 1,114 115,581
Charge for year 4,010 25,829 559 30,398
At 31 March 2024 20,050 124,256 1,673 145,979
NET BOOK VALUE
At 31 March 2024 - 4,890 558 5,448
At 31 March 2023 4,010 29,362 - 33,372

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,594 21,118
Other debtors 2,000 986
VAT 4,789 6,238
Deferred tax asset 34,775 26,332
Prepayments 7,182 16,610
78,340 71,284

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 5,556 5,556
Finance leases 28,247 36,144
Trade creditors 16,817 9,835
Social security and other taxes 14,835 5,403
Other creditors 4,487 2,349
Other loans 43,256 36,256
Directors' loan accounts 23,667 5,000
Accrued expenses 8,903 11,899
145,768 112,442

GINGER CAT HOLDINGS LTD (REGISTERED NUMBER: 11824472)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 1-2 years 13,033 -
Other loans more 5yrs instal 40,291 40,250
Finance leases 30 23,666
53,354 63,916

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 40,291 40,250

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Finance leases 28,277 59,810

The finance leases are secured on the assets to which they relate. There are also additional personal guarantees in place for some of these leases.