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REGISTERED NUMBER: 02619900 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Gimme 5 Limited

Gimme 5 Limited (Registered number: 02619900)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gimme 5 Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: M Kopelman





REGISTERED OFFICE: 255 - 261 Horn Lane
Acton
W3 9EH





REGISTERED NUMBER: 02619900 (England and Wales)





ACCOUNTANTS: Kumar Business Consultants Ltd
Chartered Certified Accountants
255 - 261 Horn Lane
London
W3 9EH

Gimme 5 Limited (Registered number: 02619900)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,875 4,875
Tangible assets 5 11,040 13,409
15,915 18,284

CURRENT ASSETS
Stocks 6 315,138 234,945
Debtors 7 777,729 815,389
Cash at bank and in hand 604,262 729,861
1,697,129 1,780,195
CREDITORS
Amounts falling due within one year 8 870,456 763,393
NET CURRENT ASSETS 826,673 1,016,802
TOTAL ASSETS LESS CURRENT
LIABILITIES

842,588

1,035,086

PROVISIONS FOR LIABILITIES 9 2,682 2,682
NET ASSETS 839,906 1,032,404

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 839,904 1,032,402
SHAREHOLDERS' FUNDS 839,906 1,032,404

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

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

Gimme 5 Limited (Registered number: 02619900)

Balance Sheet - continued
30 June 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 director and authorised for issue on 20 March 2025 and were signed by:





M Kopelman - Director


Gimme 5 Limited (Registered number: 02619900)

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

1. STATUTORY INFORMATION

Gimme 5 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. In assessing whether the going concern assumption is appropriate, the directors have taken into account all relevant information about the future trading including profit and cash forecasts. The business has a history of making profits and is cash generative and this is expected to continue. It is therefore considered appropriate to adopt the going concern basis of accounting in the preparation of the financial statements.

Turnover
Turnover represents sales made net of VAT. Turnover is recognised when the goods are physically delivered to the customer.

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.

Computer software is being amortised evenly over its estimated useful life of nil 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
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in/first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provisions are made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

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.


Gimme 5 Limited (Registered number: 02619900)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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.

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.

Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 4,875
NET BOOK VALUE
At 30 June 2024 4,875
At 30 June 2023 4,875

Gimme 5 Limited (Registered number: 02619900)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 16,205 28,711 44,916
Additions - 1,210 1,210
At 30 June 2024 16,205 29,921 46,126
DEPRECIATION
At 1 July 2023 13,701 17,806 31,507
Charge for year 626 2,953 3,579
At 30 June 2024 14,327 20,759 35,086
NET BOOK VALUE
At 30 June 2024 1,878 9,162 11,040
At 30 June 2023 2,504 10,905 13,409

6. STOCKS
2024 2023
£    £   
Stocks 315,138 234,945

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 130,197 377,587
Other debtors 482,847 282,642
Prepayments 164,685 155,160
777,729 815,389

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 184,265 92,458
Tax (49,160 ) 51,235
Social security and other taxes 2,188 2,288
VAT 29,799 83,581
Other creditors 646,699 529,485
Accrued expenses 56,665 4,346
870,456 763,393

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 2,682 2,682

Gimme 5 Limited (Registered number: 02619900)

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

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2023 2,682
Balance at 30 June 2024 2,682