Company Registration No. 09867076 (England and Wales)
Sorted Gifts Limited
Unaudited accounts
for the year ended 31 March 2025
Sorted Gifts Limited
Unaudited accounts
Contents
Sorted Gifts Limited
Company Information
for the year ended 31 March 2025
Company Number
09867076 (England and Wales)
Registered Office
C/o Accountancy Managers Ltd
164 New Cavendish Street
London
W1W 6YT
Sorted Gifts Limited
Statement of financial position
as at 31 March 2025
Tangible assets
1,402
1,333
Cash at bank and in hand
147,482
174,003
Creditors: amounts falling due within one year
(55,450)
(38,611)
Net current assets
194,258
214,964
Net assets
195,660
216,297
Called up share capital
2
2
Profit and loss account
195,658
216,295
Shareholders' funds
195,660
216,297
For the year ending 31 March 2025 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 director acknowledges his 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 and authorised for issue on 31 December 2025 and were signed on its behalf by
Thomas Martin
Director
Company Registration No. 09867076
Sorted Gifts Limited
Notes to the Accounts
for the year ended 31 March 2025
Sorted Gifts Limited is a private company, limited by shares, registered in England and Wales, registration number 09867076. The registered office is C/o Accountancy Managers Ltd, 164 New Cavendish Street, London, W1W 6YT.
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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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on cost
Stocks and work-in-progress 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 expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
Sorted Gifts Limited
Notes to the Accounts
for the year ended 31 March 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The director has considered the period ahead and anticipates further losses in the coming year. The director believes that with support from the shareholder funds and creditors continued funding will be provided to support the company whilst it moves
towards profitability and to enable it to meet its day-to-day commitments from cashflows.
As a consequence, the director also believes that the company is well placed to manage its business risks successfully. As such, the director has reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the company continues to adopt the going concern basis in preparing the annual report and accounts.
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Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Accrued income and prepayments
1,630
154
Other debtors
68,237
44,063
Sorted Gifts Limited
Notes to the Accounts
for the year ended 31 March 2025
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
16,532
16,961
Taxes and social security
175
-
Other creditors
24,452
11,575
Loans from directors
12,296
8,080
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
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Transactions with related parties
Included in other creditors is an amount of £12,296 (2024: £8,080) owed by the company to Mr T Martin.
During the period dividends of £10,000 (2024: £5,000) were paid to Mr T Martin.
Mr Thomas Martin was regarded as ultimate controlling party for this year.
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Average number of employees
During the year the average number of employees was 2 (2024: 2).