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Registration number: 09128399

Gifts Galore Devon Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

image-name
 

Gifts Galore Devon Limited

Contents

Company Information

1

Accountants' Report

2

Statement of Comprehensive Income

3

Statement of Financial Position

4 to 5

Notes to the Unaudited Financial Statements

4

Detailed Statement of Comprehensive Income

6

 

Gifts Galore Devon Limited

Company Information

Director

Robert Leslie Stevenson

Company secretary

Robert Leslie Stevenson

Registered office

Netherton Barn
Buckland Monachorum
Yelverton
Devon
PL20 7NL

Accountants

Westcotts
Chartered Accountants
Plym House
3 Longbridge Road
Plymouth
Marsh Mills
Devon
PL6 8LT

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Gifts Galore Devon Limited
for the Year Ended 31 July 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gifts Galore Devon Limited for the year ended 31 July 2024 as set out on pages 3 to 5 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 at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Gifts Galore Devon Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Gifts Galore Devon Limited and state those matters that we have agreed to state to the Board of Directors of Gifts Galore Devon Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gifts Galore Devon Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Gifts Galore Devon Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Gifts Galore Devon Limited. You consider that Gifts Galore Devon 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 accounts of Gifts Galore Devon 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 accounts.

......................................

Westcotts
Chartered Accountants
Plym House
3 Longbridge Road
Plymouth
Marsh Mills
Devon
PL6 8LT

19 March 2025

 

Gifts Galore Devon Limited

Statement of Comprehensive Income for the Year Ended 31 July 2024

2024
£

2023
£

Turnover

4,349

4,450

Cost of raw materials and consumables

(18,783)

(37,711)

Depreciation and other amounts written off assets

(230)

(275)

Other charges

(10,892)

(11,425)

Loss before tax

(25,556)

(44,961)

Tax on loss

(55)

-

Loss for the year

(25,611)

(44,961)

 

Gifts Galore Devon Limited

(Registration number: 09128399)
Statement of Financial Position as at 31 July 2024

2024
£

2023
£

Fixed assets

1,219

1,449

Current assets

4,835

23,549

Creditors: Amounts falling due within one year

(216,198)

(209,876)

Net current liabilities

(211,363)

(186,327)

Total assets less current liabilities

(210,144)

(184,878)

Accruals and deferred income

(1,560)

(1,525)

 

(211,704)

(186,403)

Capital and reserves

(211,704)

(186,403)

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Netherton Barn
Buckland Monachorum
Yelverton
Devon
PL20 7NL

Principal activity

The principal activity of the company is that of a wholesaler.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

The financial statements are prepared in sterling which is the functional currency of the entity.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Gifts Galore Devon Limited

(Registration number: 09128399)
Statement of Financial Position as at 31 July 2024 (continued)

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 19 March 2025
 


Robert Leslie Stevenson
Company secretary and director

 

Gifts Galore Devon Limited

Detailed Statement of Comprehensive Income for the Year Ended 31 July 2024

2024
£

2023
£

Turnover

Sale of goods, UK

4,349

4,450

Cost of sales

Opening finished goods

22,783

60,494

Closing finished goods

(4,000)

(22,783)

18,783

37,711

Gross loss

(14,434)

(33,261)

Gross profit (%)

(331.89)%

(747.44)%

Administrative expenses

Insurance

-

305

Use of home as office

312

312

Repairs and maintenance

1,521

2,366

Telephone

184

193

Printing, postage and stationery

3,624

2,986

Motor expenses

4,040

4,004

Accountancy fees

1,184

1,231

Legal and professional fees

-

13

Bank charges

27

15

Depreciation of fixtures and fittings (owned)

230

275

11,122

11,700

Operating loss

(25,556)

(44,961)

Loss before tax

(25,556)

(44,961)