Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 11477011 Mr Jaswinder Singh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11477011 2023-07-31 11477011 2024-07-31 11477011 2023-08-01 2024-07-31 11477011 frs-core:CurrentFinancialInstruments 2024-07-31 11477011 frs-core:Non-currentFinancialInstruments 2024-07-31 11477011 frs-core:ComputerEquipment 2024-07-31 11477011 frs-core:ComputerEquipment 2023-08-01 2024-07-31 11477011 frs-core:ComputerEquipment 2023-07-31 11477011 frs-core:ShareCapital 2024-07-31 11477011 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 11477011 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 11477011 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 11477011 frs-bus:SmallEntities 2023-08-01 2024-07-31 11477011 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 11477011 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 11477011 frs-bus:Director1 2023-08-01 2024-07-31 11477011 frs-countries:EnglandWales 2023-08-01 2024-07-31 11477011 2022-07-31 11477011 2023-07-31 11477011 2022-08-01 2023-07-31 11477011 frs-core:CurrentFinancialInstruments 2023-07-31 11477011 frs-core:Non-currentFinancialInstruments 2023-07-31 11477011 frs-core:ShareCapital 2023-07-31 11477011 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 11477011
Giga Branding Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11477011
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,606 324
1,606 324
CURRENT ASSETS
Debtors 5 - 7,577
Cash at bank and in hand 97,579 29,583
97,579 37,160
Creditors: Amounts Falling Due Within One Year 6 (14,989 ) (26,627 )
NET CURRENT ASSETS (LIABILITIES) 82,590 10,533
TOTAL ASSETS LESS CURRENT LIABILITIES 84,196 10,857
Creditors: Amounts Falling Due After More Than One Year 7 (191,827 ) (101,364 )
NET LIABILITIES (107,631 ) (90,507 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (107,731 ) (90,607 )
SHAREHOLDERS' FUNDS (107,631) (90,507)
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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 Profit and Loss Account.
On behalf of the board
Mr Jaswinder Singh
Director
25/04/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Giga Branding Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11477011 . The registered office is 389 Upper Richmond Road, London, SW15 5QL.
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.
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 from 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 measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Computer Equipment Stright Line Method 25%
2.4. Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.
The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The Directors do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
3. Average Number of Employees
Average number of employees, including directors, during the period were 1 (2023: 2)
1 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 649
Additions 1,713
As at 31 July 2024 2,362
Depreciation
As at 1 August 2023 325
Provided during the period 431
As at 31 July 2024 756
Net Book Value
As at 31 July 2024 1,606
As at 1 August 2023 324
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 7,577
- 7,577
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 10,648 10,648
Other creditors 4,341 14,527
Taxation and social security - 1,452
14,989 26,627
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bounce Back Loan 15,939 25,788
Other creditors 175,888 75,576
191,827 101,364
Mr Jaswinder Singh is the director of the company who has invested £176,039.62 up to the period ended 31 July 2024 by the way of director's loan. The loan is interest free, unsecured and subordinated in favour of third party creditors of the company. The loan is repayable in 10 years.
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
The company was controlled throughout the current period by Mr Jaswinder Singh by virtue of its ownership of the entire issued share capital.
10. Going Concern
Notwithstanding the deficiency in net assets of the company, the financial statements have been prepared in accordance with the accounting principles applicable to a going concern, on the basis of continuing financial support being provided by the director.
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