2024-01-01 08268675 2024-12-31 08268675 2024-01-01 2024-12-31 08268675 2023-12-31 08268675 2023-01-01 2023-12-31 08268675 uk-core:WithinOneYear 2023-12-31 08268675 uk-core:WithinOneYear 2024-12-31 08268675 uk-core:AfterOneYear 2023-12-31 08268675 uk-core:AfterOneYear 2024-12-31 08268675 uk-core:ShareCapital 2024-12-31 08268675 uk-core:ShareCapital 2023-12-31 08268675 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 08268675 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 08268675 uk-bus:Director1 2024-01-01 2024-12-31 08268675 uk-core:Goodwill 2023-12-31 08268675 uk-core:Goodwill 2024-12-31 iso4217:GBP xbrli:pure 08268675 uk-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 08268675 uk-bus:FRS102 2024-01-01 2024-12-31 08268675 uk-bus:FilletedAccounts 2024-01-01 2024-12-31 08268675 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31
Draft
Gifts In Glass Limited
Registered Number:08268675
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 31 December 2024
Gifts In Glass Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Draft
Registered Number :
08268675
As at 31 December 2024
Gifts In Glass Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
(1,500)
(1,500)
2
Property, plant and equipment
2,892
2,892
3
1,392
1,392
Current assets
Inventories
10,000
10,000
4
Trade and other receivables
15,576
15,576
5
6,582
Cash and cash equivalents
6,582
32,158
32,158
Trade and other payables: amounts falling due within one
year
(22,436)
(22,436)
6
9,722
9,722
Net current assets
Total assets less current liabilities
11,114
11,114
Trade and other payables: amounts falling due after more
than one year
(10,822)
(10,822)
7
292
Net assets
292
Capital and reserves
Called up share capital
2
2
Retained earnings
290
290
292
292
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Jonathan Mckay-Gunn Director
These financial statements were approved and authorised for issue by the Board on 04 August 2025 and were signed by:
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4
Draft
Registered Number :
08268675
For the year ended 31 December 2024
Gifts In Glass Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
Draft
For the year ended 31 December 2024
Gifts In Glass Limited
Notes to the Financial Statements
Statutory Information
Gifts In Glass Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 08268675.
Registered address:
54 Wood Street
Lytham St Annes
FY8 1QG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 January 2024
15,000
At 31 December 2024
15,000
Amortisation
At 01 January 2024
16,500
At 31 December 2024
16,500
Net book value
At 31 December 2024
(1,500)
At 31 December 2023
(1,500)
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6
Draft
For the year ended 31 December 2024
Gifts In Glass Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Furniture and
Fittings
£
Cost or
valuation
At 01 January 2024
4,708
At 31 December 2024
4,708
Provision for depreciation and impairment
At 01 January 2024
1,816
At 31 December 2024
1,816
At 31 December 2024
Net book value
2,892
At 31 December 2023
2,892
4. Inventories
2023
2024
£
£
Stocks
10,000
10,000
5. Trade and other receivables
2023
2024
£
£
Other debtors
15,576
15,576
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
7,293
7,293
Taxation and social security
1,611
1,611
Other creditors
13,532
13,532
22,436
22,436
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7
Draft
For the year ended 31 December 2024
Gifts In Glass Limited
Notes to the Financial Statements Continued
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
10,822
10,822
8. Average number of persons employed
During the year the average number of employees was 0
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