25 July 2023 false No description of principal activity Taxfiler 2024.6 15027876business:PrivateLimitedCompanyLtd2023-07-252024-07-31 150278762023-07-24 150278762023-07-252024-07-31 15027876business:AuditExemptWithAccountantsReport2023-07-252024-07-31 15027876business:FilletedAccounts2023-07-252024-07-31 150278762024-07-31 15027876business:Director12023-07-252024-07-31 15027876business:Director22023-07-252024-07-31 15027876business:RegisteredOffice2023-07-252024-07-31 15027876core:WithinOneYear2024-07-31 15027876core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 15027876core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 15027876core:PreviouslyStatedAmount2024-07-31 15027876business:SmallEntities2023-07-252024-07-31 15027876countries:EnglandWales2023-07-252024-07-31 iso4217:GBP xbrli:pure
Company Registration No. 15027876 (England and Wales)
Picture A Gift Ltd Unaudited accounts for the period from 25 July 2023 to 31 July 2024
Picture A Gift Ltd Unaudited accounts Contents
Page
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Picture A Gift Ltd Company Information for the period from 25 July 2023 to 31 July 2024
Directors
Charlotte Sinclair Jake Williams
Company Number
15027876 (England and Wales)
Registered Office
33 Calshot Street London N1 9AS England
Accountants
Sleek Accounting Ltd 4th Floor 205 Regent Street London W1B 4HB
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Picture A Gift Ltd Statement of financial position as at 31 July 2024
2024 
Notes
£ 
Current assets
Inventories
3,000 
Debtors
13,561 
Cash at bank and in hand
1,081 
17,642 
Creditors: amounts falling due within one year
(7,689)
Net current assets
9,953 
Net assets
9,953 
Capital and reserves
Called up share capital
2 
Profit and loss account
9,951 
Shareholders' funds
9,953 
For the period 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2025 and were signed on its behalf by
Jake Williams Director Company Registration No. 15027876
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Picture A Gift Ltd Notes to the Accounts for the period from 25 July 2023 to 31 July 2024
1
Statutory information
Picture A Gift Ltd is a private company, limited by shares, registered in England and Wales, registration number 15027876. The registered office is 33 Calshot Street, London, N1 9AS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
12 
Amounts due from group undertakings etc.
4,000 
Other debtors
9,549 
13,561 
5
Creditors: amounts falling due within one year
2024 
£ 
Trade creditors
2,697 
Taxes and social security
4,192 
Accruals
800 
7,689 
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Picture A Gift Ltd Notes to the Accounts for the period from 25 July 2023 to 31 July 2024
6
Transactions with related parties
The company is related to Celebrity Paper Masks Ltd by virtue of common shareholders and directors. The amount owed from Celebrity Paper Masks Ltd at the balance sheet date was £4,000. During the year, transfers totaling £4,000 were made to Celebrity Paper Masks Ltd.
7
Average number of employees
During the period the average number of employees was 2.
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