Silverfin false false 31/01/2025 01/02/2024 31/01/2025 M O Thompson 05/11/2015 23 January 2026 no description of principal activity 09858273 2025-01-31 09858273 bus:Director1 2025-01-31 09858273 2024-01-31 09858273 core:CurrentFinancialInstruments 2025-01-31 09858273 core:CurrentFinancialInstruments 2024-01-31 09858273 core:Non-currentFinancialInstruments 2025-01-31 09858273 core:Non-currentFinancialInstruments 2024-01-31 09858273 core:ShareCapital 2025-01-31 09858273 core:ShareCapital 2024-01-31 09858273 core:RetainedEarningsAccumulatedLosses 2025-01-31 09858273 core:RetainedEarningsAccumulatedLosses 2024-01-31 09858273 core:Goodwill 2024-01-31 09858273 core:Goodwill 2025-01-31 09858273 core:PlantMachinery 2024-01-31 09858273 core:FurnitureFittings 2024-01-31 09858273 core:OfficeEquipment 2024-01-31 09858273 core:PlantMachinery 2025-01-31 09858273 core:FurnitureFittings 2025-01-31 09858273 core:OfficeEquipment 2025-01-31 09858273 core:CurrentFinancialInstruments 9 2025-01-31 09858273 core:CurrentFinancialInstruments 9 2024-01-31 09858273 2024-02-01 2025-01-31 09858273 bus:FilletedAccounts 2024-02-01 2025-01-31 09858273 bus:SmallEntities 2024-02-01 2025-01-31 09858273 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 09858273 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 09858273 bus:Director1 2024-02-01 2025-01-31 09858273 core:Goodwill core:TopRangeValue 2024-02-01 2025-01-31 09858273 core:PlantMachinery 2024-02-01 2025-01-31 09858273 core:FurnitureFittings 2024-02-01 2025-01-31 09858273 core:OfficeEquipment 2024-02-01 2025-01-31 09858273 2023-02-01 2024-01-31 09858273 core:Goodwill 2024-02-01 2025-01-31 09858273 core:Non-currentFinancialInstruments 2024-02-01 2025-01-31 iso4217:GBP xbrli:pure

Company No: 09858273 (England and Wales)

# GIFTS FOR THE SENSES LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH THE REGISTRAR

GIFTS FOR THE SENSES LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2025

Contents

GIFTS FOR THE SENSES LIMITED

## COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2025
GIFTS FOR THE SENSES LIMITED

## COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2025

DIRECTOR | M O Thompson

REGISTERED OFFICE | Wey Court West
| Union Road
| Farnham
| Surrey
| GU9 7PT
| United Kingdom

COMPANY NUMBER | 09858273 (England and Wales)

ACCOUNTANT | Shaw Gibbs Limited
| Wey Court West
| Union Road
| Farnham
| Surrey
| GU9 7PT

GIFTS FOR THE SENSES LIMITED

## STATEMENT OF FINANCIAL POSITION

AS AT 31 JANUARY 2025
GIFTS FOR THE SENSES LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

AS AT 31 JANUARY 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 2,150 |  | 2,750
Tangible assets | 4 | 6,761 |  | 8,664
|  | 8,911 |  | 11,414
Current assets |  |  |  |
Stocks | 5 | 5,706 |  | 9,500
Debtors | 6 | 2,955 |  | 3,393
Cash at bank and in hand | 7 | 1,000 |  | 1,214
|  | 9,661 |  | 14,107
Creditors: amounts falling due within one year | 8 | ( 108,604) |  | ( 85,644)
Net current liabilities |  | (98,943) |  | (71,537)
Total assets less current liabilities |  | (90,032) |  | (60,123)
Creditors: amounts falling due after more than one year | 9 | ( 1,439) |  | ( 2,933)
Net liabilities |  | ( 91,471) |  | ( 63,056)
Capital and reserves |  |  |  |
Called-up share capital |  | 2 |  | 2
Profit and loss account |  | ( 91,473 ) |  | ( 63,058 )
Total shareholder's deficit |  | ( 91,471) |  | ( 63,056)

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Gifts For The Senses Limited (registered number: 09858273) were approved and authorised for issue by the Director on 23 January 2026. They were signed on its behalf by:

M O Thompson Director |

GIFTS FOR THE SENSES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2025
GIFTS FOR THE SENSES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Gifts For The Senses Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT, United Kingdom.
The financial statements have been prepared under the historical cost convention, unless otherwise specified, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £91,471 . The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 5 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 25 % reducing balance
Fixtures and fittings | 25 % reducing balance
Office equipment | 25 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.
All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

##### Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 February 2024 | 3,000 |  | 3,000
At 31 January 2025 | 3,000 |  | 3,000
Accumulated amortisation |  |  |
At 01 February 2024 | 250 |  | 250
Charge for the financial year | 600 |  | 600
At 31 January 2025 | 850 |  | 850
Net book value |  |  |
At 31 January 2025 | 2,150 |  | 2,150
At 31 January 2024 | 2,750 |  | 2,750

#### 4. Tangible assets

| Plant and machinery |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 February 2024 | 2,072 |  | 13,581 |  | 2,750 |  | 18,403
Additions | 0 |  | 151 |  | 160 |  | 311
At 31 January 2025 | 2,072 |  | 13,732 |  | 2,910 |  | 18,714
Accumulated depreciation |  |  |  |  |  |  |
At 01 February 2024 | 1,823 |  | 7,572 |  | 344 |  | 9,739
Charge for the financial year | 62 |  | 1,537 |  | 615 |  | 2,214
At 31 January 2025 | 1,885 |  | 9,109 |  | 959 |  | 11,953
Net book value |  |  |  |  |  |  |
At 31 January 2025 | 187 |  | 4,623 |  | 1,951 |  | 6,761
At 31 January 2024 | 249 |  | 6,009 |  | 2,406 |  | 8,664

#### 5. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 5,706 |  | 9,500

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Prepayments | 706 |  | 573
S455 | 0 |  | 571
Other debtors | 2,249 |  | 2,249
| 2,955 |  | 3,393

#### 7. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 1,000 |  | 1,214

#### 8. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 1,600 |  | 1,600
Amounts owed to director | 102,414 |  | 81,844
Accruals | 4,590 |  | 2,200
| 108,604 |  | 85,644

#### 9. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 1,439 |  | 2,933

There are no amounts included above in respect of which any security has been given by the small entity.

#### 10. Financial commitments

Commitments

| 2025 |  | 2024
| £ |  | £
Total future minimum lease payments under non-cancellable operating leases | 16,991 |  | 25,991