IRIS Accounts Production v24.3.2.46 09864515 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh098645152023-06-30098645152024-06-30098645152023-07-012024-06-30098645152022-06-30098645152022-07-012023-06-30098645152023-06-3009864515ns15:EnglandWales2023-07-012024-06-3009864515ns14:PoundSterling2023-07-012024-06-3009864515ns10:Director12023-07-012024-06-3009864515ns10:CompanyLimitedByGuarantee2023-07-012024-06-3009864515ns10:SmallEntities2023-07-012024-06-3009864515ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3009864515ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3009864515ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3009864515ns10:FullAccounts2023-07-012024-06-3009864515ns10:Director32023-07-012024-06-3009864515ns10:RegisteredOffice2023-07-012024-06-3009864515ns5:CurrentFinancialInstruments2024-06-3009864515ns5:CurrentFinancialInstruments2023-06-3009864515ns5:RetainedEarningsAccumulatedLosses2024-06-3009864515ns5:RetainedEarningsAccumulatedLosses2023-06-3009864515ns5:PlantMachinery2023-07-012024-06-3009864515ns5:PlantMachinery2023-06-3009864515ns5:PlantMachinery2024-06-3009864515ns5:PlantMachinery2023-06-3009864515ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3009864515ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 09864515 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

UK GIFT CARD & VOUCHER ASSOCIATION

UK GIFT CARD & VOUCHER ASSOCIATION (REGISTERED NUMBER: 09864515)

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


UK GIFT CARD & VOUCHER ASSOCIATION

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: A J Hobbs
Mrs S H Moore





REGISTERED OFFICE: 5 Brooklands Place
Brooklands Road
Sale
Cheshire
M33 3SD





REGISTERED NUMBER: 09864515 (England and Wales)





ACCOUNTANTS: Harold Sharp Limited
Chartered Accountants
5 Brooklands Place
Brooklands Road
Sale
Cheshire
M33 3SD

UK GIFT CARD & VOUCHER ASSOCIATION (REGISTERED NUMBER: 09864515)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,633 4,871

CURRENT ASSETS
Debtors 5 29,508 67,692
Cash at bank 154,643 184,200
184,151 251,892
CREDITORS
Amounts falling due within one year 6 (186,504 ) (209,893 )
NET CURRENT (LIABILITIES)/ASSETS (2,353 ) 41,999
TOTAL ASSETS LESS CURRENT
LIABILITIES

280

46,870

PROVISIONS FOR LIABILITIES (252 ) (688 )
NET ASSETS 28 46,182

RESERVES
Income and expenditure account 28 46,182
28 46,182

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 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 surplus or deficit 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.

UK GIFT CARD & VOUCHER ASSOCIATION (REGISTERED NUMBER: 09864515)

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 Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:





A J Hobbs - Director


UK GIFT CARD & VOUCHER ASSOCIATION (REGISTERED NUMBER: 09864515)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

UK Gift Card & Voucher Association is a private company, limited by guarantee , 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.

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 etc - Straight line over 3 years

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 surplus or deficit on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

UK GIFT CARD & VOUCHER ASSOCIATION (REGISTERED NUMBER: 09864515)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 19,691
Additions 592
At 30 June 2024 20,283
DEPRECIATION
At 1 July 2023 14,820
Charge for year 2,830
At 30 June 2024 17,650
NET BOOK VALUE
At 30 June 2024 2,633
At 30 June 2023 4,871

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,508 66,036
Other debtors - 1,656
29,508 67,692

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,446 70,058
Amounts owed to group undertakings 281 281
Taxation and social security 13,847 15,503
Other creditors 169,930 124,051
186,504 209,893

7. MEMBERS' LIABILITY

The company is limited by guarantee, not having a share capital and consequently the liability of members is
limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company
on winding up such amounts as may be required not exceeding £1.