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Registered Number: 12225590
England and Wales

 

 

 

FINEST GIFTS SOLUTIONS LTD



Abridged Accounts
 


Period of accounts

Start date: 01 October 2023

End date: 30 September 2024
Report to the directors on the preparation of the unaudited statutory accounts of FINEST GIFTS SOLUTIONS LTD for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of FINEST GIFTS SOLUTIONS LTD for the year ended 30 September 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 to us.

As a practising member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.

This report is made solely to the Board of Directors of FINEST GIFTS SOLUTIONS LTD, as a body, in accordance with the terms of our engagement letter dated 27 June 2025. Our work has been undertaken solely to prepare for your approval the accounts of FINEST GIFTS SOLUTIONS LTD and state those matters that we have agreed to state to the Board of Directors of FINEST GIFTS SOLUTIONS LTD, as a body, in this report.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FINEST GIFTS SOLUTIONS LTD and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that FINEST GIFTS SOLUTIONS 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 FINEST GIFTS SOLUTIONS LTD.You consider that FINEST GIFTS SOLUTIONS 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 FINEST GIFTS SOLUTIONS 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 30 September 2024.



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

Ardeshir Diznabi

1
Ridgeside Avenue
Patcham
BN1 8WD
27 June 2025
1
 
 
Notes
 
2024
£
  2023
£
Current assets      
Stocks 21,303    31,831 
Cash at bank and in hand 40    524 
21,343    32,355 
Creditors: amount falling due within one year (679)   (599)
Net current assets 20,664    31,756 
 
Total assets less current liabilities 20,664    31,756 
Creditors: amount falling due after more than one year (18,750)   (30,435)
Net assets 1,914    1,321 
 

Capital and reserves
     
Called up share capital 3 100    100 
Profit and loss account 1,814    1,221 
Shareholders' funds 1,914    1,321 
 


For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 27 June 2025 and were signed by:


-------------------------------
Najib RAZEI
Director
2
General Information
FINEST GIFTS SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 12225590, registration address Flat 3 40 Cavendish place , EASTBOURNE , BN21 3HY.

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.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

The average number of employees =2
Average number of employees during the year was 2 (2023 : 0).
3.

Share Capital

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

3