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Registered Number: 06275446
England and Wales

 

 

 

GIGI ACCESSORIES LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
Director S Jones
Registered Number 06275446
Registered Office Lodge Park
Lodge Lane
Colchester
Essex
CO4 5NE
Accountants Bowgen Limited
274 Ipswich Road
Colchester
Essex
CO4 0ES
1
Director's report and financial statements
The directors present his annual report and the financial statements for the year ended 31 August 2024.
Principal activities
Principal activity of the company during the financial year was of wholesalers of accessories.
Directors
The directors who served the company throughout the year were as follows:
V Tridini
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
V Tridini
Director

Date approved: 09 May 2025
2
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Gigi Accessories Ltd for the year ended 31 August 2024.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gigi Accessories Ltd for the year ended 31 August 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes 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, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of Gigi Accessories Ltd , as a body, in accordance with the terms of our engagement letter dated 09 May 2025. Our work has been undertaken solely to prepare for your approval the accounts of Gigi Accessories Ltd and state those matters that we have agreed to state to the Board of Directors of Gigi Accessories 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 Gigi Accessories Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Gigi Accessories 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 of Gigi Accessories Ltd . You consider that Gigi Accessories Ltd 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 Gigi Accessories 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 statutory accounts
31 August 2024.



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

Bowgen Limited

274 Ipswich Road
Colchester
Essex
CO4 0ES
09 May 2025
3
 
 
Notes
 
2024
£
  2023
£
Current assets      
Debtors 3 47,522    293,962 
Cash at bank and in hand   74,331 
47,522    368,293 
Creditors: amount falling due within one year 4 (3,728)   (274,324)
Net current assets 43,794    93,969 
 
Total assets less current liabilities 43,794    93,969 
Creditors: amount falling due after more than one year 5 (33,167)   (42,191)
Net assets 10,627    51,778 
 

Capital and reserves
     
Called up share capital 6 100    100 
Profit and loss account 10,527    51,678 
Shareholders' funds 10,627    51,778 
 


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

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 09 May 2025 and were signed on its behalf by:


-------------------------------
V Tridini
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 September 2022 100  11,910  12,010 
Profit for the year 39,768  39,768 
Total comprehensive income for the year 39,768  39,768 
Total investments by and distributions to owners
At 31 August 2023 100  51,678  51,778 
At 01 September 2023 100  51,678  51,778 
Profit for the year (41,151) (41,151)
Total comprehensive income for the year (41,151) (41,151)
Total investments by and distributions to owners
At 31 August 2024 100  10,527  10,627 
5
General Information
Gigi Accessories Ltd is a private company, limited by shares, registered in England and Wales, registration number 06275446, registration address Lodge Park, Lodge Lane, Colchester, Essex, CO4 5NE. The trading address of the company is Orwell House, 1 Orwell Court, Hurricane Way, Wickford, Essex, SS11 8YJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Debtors: amounts falling due within one year

2024
£
  2023
£
Debtors 5,068    293,962 
Other Debtors 42,454   
47,522    293,962 

4.

Creditors: amount falling due within one year

2024
£
  2023
£
Creditors 2,375    243,840 
Bank loans and overdrafts (secured) 1,353   
Corporation tax   9,328 
Accruals   900 
Directors' current accounts   20,000 
VAT   256 
3,728    274,324 

5.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank loans 33,167    42,191 
33,167    42,191 

6.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

6