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Ginger Lifestyle Ltd
Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Accountants' Report 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—5
Page 1
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Ginger Lifestyle Ltd 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 Ginger Lifestyle Ltd For The Year Ended 31 July 2024 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to 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/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Ginger Lifestyle Ltd , 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 Ginger Lifestyle Ltd and state those matters that we have agreed to state to the director of Ginger Lifestyle Ltd , 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 Ginger Lifestyle Ltd and its director, as a body, for our work or for this report.
It is your duty to ensure that Ginger Lifestyle Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Ginger Lifestyle Ltd . You consider that Ginger Lifestyle Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Ginger Lifestyle Ltd . 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 financial statements.
Signed
10 April 2025
Cooper Adams Ltd
Chartered Accountants
12 Payton Street
Stratford upon Avon
Warwickshire
CV37 6UA
Page 1
Page 2
Statement of Financial Position
Registered number: 09690842
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 12,710 19,244
12,710 19,244
CURRENT ASSETS
Debtors 48,090 39,703
Cash at bank and in hand 1,927 3,384
50,017 43,087
Creditors: Amounts Falling Due Within One Year (67,224 ) (50,678 )
NET CURRENT ASSETS (LIABILITIES) (17,207 ) (7,591 )
TOTAL ASSETS LESS CURRENT LIABILITIES (4,497 ) 11,653
Creditors: Amounts Falling Due After More Than One Year (11,667 ) (13,417 )
NET LIABILITIES (16,164 ) (1,764 )
CAPITAL AND RESERVES
Called up share capital 5 100 100
Income Statement (16,264 ) (1,864 )
SHAREHOLDERS' FUNDS (16,164) (1,764)
Page 2
Page 3
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 member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Carl Hemming
Director
10 April 2025
The notes on pages 4 to 5 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Ginger Lifestyle Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09690842 . The registered office is 12 Payton Street, Stratford upon Avon, Warwickshire, CV37 6UA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The company is showing net liabilities as at 31 July 2024. The director has confirmed that he will continue to support the company financially, to allow it to continue its operations. On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Equipment 20% Reducing balance
Motor vehicles 15% Reducing balance
Furniture & fittings 20% Reducing balance
Computer equipment 33% Reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 6)
5 6
4. Tangible assets
Equipment Motor vehicles Furniture & fittings Computer equipment Total
£ £ £ £ £
Cost
As at 1 August 2023 1,146 6,999 16,249 18,680 43,074
Disposals - - (3,863 ) (156 ) (4,019 )
As at 31 July 2024 1,146 6,999 12,386 18,524 39,055
Depreciation
As at 1 August 2023 945 3,416 7,280 12,189 23,830
Provided during the period 40 537 1,299 2,117 3,993
Disposals - - (1,392 ) (86 ) (1,478 )
As at 31 July 2024 985 3,953 7,187 14,220 26,345
...CONTINUED
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Page 5
Net Book Value
As at 31 July 2024 161 3,046 5,199 4,304 12,710
As at 1 August 2023 201 3,583 8,969 6,491 19,244
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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