Registered number
05373803
Giraffe Enterprises Limited
Filleted Accounts
31 March 2024
Giraffe Enterprises Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reduding balance method
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 27,395
At 31 March 2024 27,395
Depreciation
At 1 April 2023 18,287
Charge for the year 2,276
At 31 March 2024 20,563
Net book value
At 31 March 2024 6,832
At 31 March 2023 9,108
4 Debtors 2024 2023
£ £
Trade debtors 12,601 -
Other debtors 157 -
12,758 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Director's account 20,257 12,306
Trade creditors 47,339 8,384
Taxation and social security costs 48,522 62,311
Other creditors 6,403 3,668
122,521 86,669
6 Controlling party
The directors control the company by virtue of their 100% interest in the issued ordinary shares of the entity.
7 Other information
Giraffe Enterprises Limited is a private company limited by shares and incorporated in England. Its registered office is:
Office 17, Innovation House
Innovation Way
Discovery Park, Sandwich
Kent
CT13 9FF
Giraffe Enterprises Limited
Registered number: 05373803
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 6,832 9,108
Current assets
Stocks 39,000 9,500
Debtors 4 12,758 -
Cash at bank and in hand 77,062 107,093
128,820 116,593
Creditors: amounts falling due within one year 5 (122,521) (86,669)
Net current assets 6,299 29,924
Net assets 13,131 39,032
Capital and reserves
Called up share capital 2 2
Profit and loss account 13,129 39,030
Shareholder's funds 13,131 39,032
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
`
Director
Approved by the board on 6 June 2025
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