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Company Registration No. SC315188 (Scotland)
Largesse Corporate Gifts (2007) Limited Unaudited accounts for the year ended 31 July 2024
Largesse Corporate Gifts (2007) Limited Unaudited accounts Contents
Page
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Largesse Corporate Gifts (2007) Limited Company Information for the year ended 31 July 2024
Director
Donald Brown
Company Number
SC315188 (Scotland)
Registered Office
Unit 3 Whin Park Industrial Estate Cockenzie East Lothian EH32 9SF Scotland
Accountants
Anne Baird & Co. 35 Trainers Brae North Berwick East Lothian EH39 4NR
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Largesse Corporate Gifts (2007) Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,351 
- 
Current assets
Inventories
13,500 
11,500 
Debtors
2,108 
2,052 
Cash at bank and in hand
159 
1,344 
15,767 
14,896 
Creditors: amounts falling due within one year
(62,149)
(51,809)
Net current liabilities
(46,382)
(36,913)
Total assets less current liabilities
(38,031)
(36,913)
Creditors: amounts falling due after more than one year
(73,270)
(63,611)
Net liabilities
(111,301)
(100,524)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(111,401)
(100,624)
Shareholders' funds
(111,301)
(100,524)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 April 2025 and were signed on its behalf by
Donald Brown Director Company Registration No. SC315188
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Largesse Corporate Gifts (2007) Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Largesse Corporate Gifts (2007) Limited is a private company, limited by shares, registered in Scotland, registration number SC315188. The registered office is Unit 3, Whin Park Industrial Estate, Cockenzie, East Lothian, EH32 9SF, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
over 4 years
Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
The director has reviewed a period of 12 months from approval of these financial statements and concluded the company is able to meet all its liabilities as they fall due. As a result it is appropriate to prepare the accounts on a going concern basis.
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Largesse Corporate Gifts (2007) Limited Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 August 2023
7,016 
Additions
11,135 
Disposals
(7,016)
At 31 July 2024
11,135 
Depreciation
At 1 August 2023
7,016 
Charge for the year
2,784 
On disposals
(7,016)
At 31 July 2024
2,784 
Net book value
At 31 July 2024
8,351 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
302 
- 
Trade debtors
1,806 
2,052 
2,108 
2,052 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
288 
Other creditors
1,800 
- 
Loans from directors
57,904 
49,471 
Accruals
2,445 
2,050 
62,149 
51,809 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,322 
10,322 
Other creditors
64,948 
53,289 
73,270 
63,611 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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