WANT GIFTS LIMITED


Directors	WATSON, Adam, Mr.
	WHITTAKER, Elaine, Mrs.


Registered Address	Unit 2 Atlas Mill
	Atlas Mill Road
	Brighouse
	HD6 1ES


Registered Number	09250046 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		11,146		14,898
			11,146		14,898
Current assets
Stocks		210,438		58,852
Debtors	4	24,356		100,769
Cash at bank and on hand		87,221		215,511
		322,015		375,132
Creditors amounts falling due within one year	5	(148,296)		(185,473)
Net current assets (liabilities)			173,719		189,659
Total assets less current liabilities			184,865		204,557
Creditors amounts falling due after one year	6		(1,667)		(11,667)
Net assets			183,198		192,890
Capital and reserves
Called up share capital			100		100
Profit and loss account			183,098		192,790
Shareholders' funds			183,198		192,890

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 15 September 2025, and are signed on its behalf by:

WATSON, Adam, Mr.
Director
Registered Company No. 09250046

WANT GIFTS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	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.

	Defined contribution pension plan
	The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

	Current taxation
	Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Current taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

	Tangible fixed assets and depreciation
	Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


	Reducing balance (%)	Straight line (years)
Fixtures and fittings	15	-
Vehicles	25	-
Office Equipment	-	3

	Stocks and work in progress
	Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	1,000	18,725	3,683	23,408
Additions	-	-	271	271
At 31 March 25	1,000	18,725	3,954	23,679
Depreciation and impairment
At 01 April 24	728	4,681	3,101	8,510
Charge for year	41	3,511	471	4,023
At 31 March 25	769	8,192	3,572	12,533
Net book value
At 31 March 25	231	10,533	382	11,146
At 31 March 24	272	14,044	582	14,898

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	7,736	1,865
Other debtors	16,620	98,904
Total	24,356	100,769

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	368	3,555
Bank borrowings and overdrafts	10,000	10,000
Taxation and social security	57,922	103,377
Other creditors	80,006	68,541
Total	148,296	185,473

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	1,667	11,667
Total	1,667	11,667

7.	Directors advances, credits and guarantees
	Included within creditors: amounts falling due within one year were loans from the directors of £24,252 (2024: £35,510). The loans were interest free, with no fixed date for repayment. Under the BBLS scheme the government provided a 100% guarantee. As at the balance sheet date, this represented a bank loan guarantee of £11,667 (2023: £21,667).