LIT GIFTS LTD

Company Registration Number:
12196386 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 01 October 2023

End date: 30 September 2024

LIT GIFTS LTD

Contents of the Financial Statements

for the Period Ended 30 September 2024

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

LIT GIFTS LTD

Company Information

for the Period Ended 30 September 2024




Director: David Beedle
Julia Locke
Registered office: Triple Moon Holistics Unit 9
The Marlands Shopping Centre
Civic Centre Road
Southampton
England
SO14 7SJ
Company Registration Number: 12196386 (England and Wales)

LIT GIFTS LTD

Profit and Loss Account

for the Period Ended 30 September 2024


Notes

2024
£

2023
£
Turnover 293,167 -
Cost of sales ( 101,000 ) -
Gross Profit or (Loss) 192,167 -
Income from coronavirus (COVID-19) business support grants 0 -
Distribution Costs ( 0 ) -
Administrative Expenses ( 185,973 ) -
Other operating income 0 -
Operating Profit or (Loss) 6,194 -
Interest Receivable and Similar Income 0 -
Interest Payable and Similar Charges ( 0 ) -
Profit or (Loss) Before Tax 6,194 -
Tax on Profit ( 0 ) -
Profit or (Loss) for Period 6,194 -

The notes form part of these financial statements

LIT GIFTS LTD

Balance sheet

As at 30 September 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 4,000 4,000
Total fixed assets: 4,000 4,000
Current assets
Stocks: 8,000 100
Cash at bank and in hand: 5,000
Total current assets: 13,000 100
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 5 ( 31,000 )
Net current assets (liabilities): ( 18,000 ) 100
Total assets less current liabilities: ( 14,000 ) 4,100
Creditors: amounts falling due after more than one year: 6 ( 0 )
Provision for liabilities: ( 0 )
Accruals and deferred income: ( 0 )
Total net assets (liabilities): ( 14,000 ) 4,100

The notes form part of these financial statements

LIT GIFTS LTD

Balance sheet continued

As at 30 September 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Revaluation reserve: 7 0
Profit and loss account: ( 14,100 ) 4,000
Shareholders funds: ( 14,000 ) 4,100

For the year ending 30 September 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 25 June 2025
And Signed On Behalf Of The Board By:

Name: David Beedle
Status: Director

The notes form part of these financial statements

LIT GIFTS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

LIT GIFTS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 4 4

LIT GIFTS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 3. Off balance sheet disclosure

    No

LIT GIFTS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Tangible assets

Fixtures & fittings Total
Cost £ £
At 01 October 2023 4,000 4,000
Additions 0 0
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 30 September 2024 4,000 4,000
Depreciation
At 01 October 2023 - -
Charge for year - -
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
At 30 September 2024 0 0
Net book value
At 30 September 2024 4,000 4,000
At 30 September 2023 4,000 4,000

LIT GIFTS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

5.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 9,100
Other creditors 21,900
Total 31,000

LIT GIFTS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

6.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Other creditors 0
Total 0

LIT GIFTS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

7. Revaluation reserve


2024
£
Surplus or deficit after revaluation 0
Balance at 30 September 2024 0