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REGISTERED NUMBER: 12605093 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 May 2024

for

BPP GIFTING LIMITED

BPP GIFTING LIMITED (REGISTERED NUMBER: 12605093)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

BPP GIFTING LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTORS: D A O'Callaghan
Mrs H E O'Callaghan





REGISTERED OFFICE: April Cottage
Maidenhead Road
Cookham
Berkshire
SL6 9DF





REGISTERED NUMBER: 12605093 (England and Wales)





ACCOUNTANTS: CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW

BPP GIFTING LIMITED (REGISTERED NUMBER: 12605093)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 24,246 27,582
Tangible assets 5 4,081 5,441
28,327 33,023

CURRENT ASSETS
Stocks 46,894 68,734
Debtors 6 - 7,926
Cash at bank 8,513 7,861
55,407 84,521
CREDITORS
Amounts falling due within one year 7 88,788 102,338
NET CURRENT LIABILITIES (33,381 ) (17,817 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,054

)

15,206

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (5,154 ) 15,106
(5,054 ) 15,206

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

BPP GIFTING LIMITED (REGISTERED NUMBER: 12605093)

Balance Sheet - continued
31 May 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 21 February 2025 and were signed on its behalf by:




D A O'Callaghan - Director



Mrs H E O'Callaghan - Director


BPP GIFTING LIMITED (REGISTERED NUMBER: 12605093)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

BPP Gifting 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.

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.

The accounts have been prepared on the going concern basis as the directors have indicated that they will financially support the activites of the company for the next 12 months.

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 is being amortised evenly over its estimated useful life of ten years.

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

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.

BPP GIFTING LIMITED (REGISTERED NUMBER: 12605093)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 June 2023
and 31 May 2024 33,361
AMORTISATION
At 1 June 2023 5,779
Amortisation for year 3,336
At 31 May 2024 9,115
NET BOOK VALUE
At 31 May 2024 24,246
At 31 May 2023 27,582

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 1,781 8,632 10,413
DEPRECIATION
At 1 June 2023 941 4,031 4,972
Charge for year 210 1,150 1,360
At 31 May 2024 1,151 5,181 6,332
NET BOOK VALUE
At 31 May 2024 630 3,451 4,081
At 31 May 2023 840 4,601 5,441

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors - 7,926

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors (436 ) 3,783
Taxation and social security 2,221 479
Other creditors 87,003 98,076
88,788 102,338

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
BPP Gifting Limited


The following reproduces the text of the report prepared for the directors 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 Directors 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 BPP Gifting Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Board of Directors of BPP Gifting Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of BPP Gifting Limited and state those matters that we have agreed to state to the Board of Directors of BPP Gifting Limited, as a body, 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 BPP Gifting Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that BPP Gifting 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 loss of BPP Gifting Limited. You consider that BPP Gifting 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 BPP Gifting 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.






CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW


21 February 2025