| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 30 September 2025 |
| for |
| Shopgift Limited |
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 30 September 2025 |
| for |
| Shopgift Limited |
| Shopgift Limited (Registered number: 02154542) |
| Contents of the Financial Statements |
| for the Year Ended 30 September 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Report of the Accountants | 8 |
| Shopgift Limited |
| Company Information |
| for the Year Ended 30 September 2025 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Building 1 |
| St. Cross Chambers |
| Upper Marsh Lane |
| Hoddesdon |
| Hertfordshire |
| EN11 8LQ |
| Shopgift Limited (Registered number: 02154542) |
| Balance Sheet |
| 30 September 2025 |
| 30.9.25 | 30.9.24 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps 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 Sections 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. |
| Shopgift Limited (Registered number: 02154542) |
| Balance Sheet - continued |
| 30 September 2025 |
| The financial statements were approved by the director and authorised for issue on |
| Shopgift Limited (Registered number: 02154542) |
| Notes to the Financial Statements |
| for the Year Ended 30 September 2025 |
| 1. | STATUTORY INFORMATION |
| Shopgift Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net takings from sales of goods, excluding value added tax. |
| Financial Instruments |
| The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. |
| Debt instruments (other than those wholly repayable or receivable within one year) including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payable or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost. |
| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income. |
| Judgements and key sources of estimation uncertainty |
| In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ. |
| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision effects only that period, or in the period of the revision and future periods, if the revision effects both current and future periods. |
| The directors do not believe that there have been judgements (apart from those involving estimates) made in the process of applying the above accounting policies that have had a significant effect on amounts recognised in the financial statements. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of the business in 1991, has been written off evenly over its estimated useful life of 10 years and is now fully written off. |
| Shopgift Limited (Registered number: 02154542) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Freehold property | - |
| Leasehold Property | - |
| Furniture and Equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Pension costs and other post-retirement benefits |
| 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. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 October 2024 |
| and 30 September 2025 |
| AMORTISATION |
| At 1 October 2024 |
| and 30 September 2025 |
| NET BOOK VALUE |
| At 30 September 2025 |
| At 30 September 2024 |
| Shopgift Limited (Registered number: 02154542) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2025 |
| 5. | TANGIBLE FIXED ASSETS |
| Furniture |
| Freehold | Leasehold | and | Computer |
| property | Property | Equipment | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 October 2024 |
| and 30 September 2025 |
| DEPRECIATION |
| At 1 October 2024 |
| Charge for year |
| At 30 September 2025 |
| NET BOOK VALUE |
| At 30 September 2025 |
| At 30 September 2024 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.25 | 30.9.24 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.25 | 30.9.24 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Social security and other taxes |
| VAT |
| Other creditors |
| Creditors and Accruals |
| Directors' current accounts |
| 8. | PROVISIONS FOR LIABILITIES |
| 30.9.25 | 30.9.24 |
| £ | £ |
| Deferred tax | 16 | 30 |
| Deferred |
| tax |
| £ |
| Balance at 1 October 2024 |
| Reduction for the year | (14 | ) |
| Balance at 30 September 2025 |
| Shopgift Limited (Registered number: 02154542) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2025 |
| 8. | PROVISIONS FOR LIABILITIES - continued |
| Deferred taxation arises from accelerated capital allowances. |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.9.25 | 30.9.24 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 10. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 October 2024 |
| Deficit for the year | ( |
) |
| At 30 September 2025 |
| 11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| Mr Shipton is a significant shareholder and a director of Crosswear Trading Limited, a company which supplies stock to Shopgift Limited on normal commercial terms. In the year under review this amounted to £154,561 (2024 was £168,857). |
| 12. | RELATED PARTY DISCLOSURES |
| The company is controlled by it's Director who owns all the issued share capital. |
| Shopgift Limited |
| Report of the Accountants to the Director of |
| Shopgift Limited |
| The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
| As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2025 set out on pages two to seven and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| Building 1 |
| St. Cross Chambers |
| Upper Marsh Lane |
| Hoddesdon |
| Hertfordshire |
| EN11 8LQ |