Company Registration No. 07942365 (England and Wales)
GIGANT PRODUCTS FOR INDUSTRY LTD
ANNUAL REPORT
AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
GIGANT PRODUCTS FOR INDUSTRY LTD
BALANCE SHEET
AS AT 31 MARCH 2026
31 March 2026
1
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
69,826
55,348
Current assets
Debtors
4
418,670
126,394
Cash at bank and in hand
323,489
242,924
742,159
369,318
Creditors: amounts falling due within one year
5
(464,720)
(165,757)
Net current assets
277,439
203,561
Total assets less current liabilities
347,265
258,909
Creditors: amounts falling due after more than one year
6
(41,441)
-
0
Provisions for liabilities
(1,087)
(10,875)
Net assets
304,737
248,034
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
304,637
247,934
Total equity
304,737
248,034

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

GIGANT PRODUCTS FOR INDUSTRY LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2026
31 March 2026
2

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 23 June 2026 and are signed on its behalf by:
Nicola Martin
Director
Company Registration No. 07942365
GIGANT PRODUCTS FOR INDUSTRY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
3
1
Accounting policies
Company information

Gigant Products for Industry Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 7 Bournemouth Road, Chandler's Ford, Eastleigh, Hampshire, SO53 3DA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
Computer equipment
33.33% straight line
Motor vehicles
20% straight line / 25% reducing balance
GIGANT PRODUCTS FOR INDUSTRY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies (Continued)
4

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.

The carrying values of tangible fixed assets are reviewed for impairment at each reporting date or when events or changes in circumstances indicate the carrying value may not be recoverable.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially recognised at transaction price including transaction costs and where receivable after more than one year are carried at amortised cost using the effective interest method. Basic financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price including transaction costs and where payable after more than one year are carried at amortised cost using the effective interest method. Basic financial liabilities classified as payable within one year are not amortised.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.6
Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation.

GIGANT PRODUCTS FOR INDUSTRY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies (Continued)
5
1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.10
Foreign exchange

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
7
8
GIGANT PRODUCTS FOR INDUSTRY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
6
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2025
124,019
Additions
67,360
Disposals
(94,348)
At 31 March 2026
97,031
Depreciation and impairment
At 1 April 2025
68,671
Depreciation charged in the year
11,252
Eliminated in respect of disposals
(52,718)
At 31 March 2026
27,205
Carrying amount
At 31 March 2026
69,826
At 31 March 2025
55,348
4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
375,126
91,928
Other debtors
43,544
34,466
418,670
126,394
5
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
340,963
95,605
Taxation and social security
102,093
40,198
Other creditors
21,664
29,954
464,720
165,757
GIGANT PRODUCTS FOR INDUSTRY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
7
6
Creditors: amounts falling due after more than one year
2026
2025
£
£
Other creditors
41,441
-
0
7
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Contingent liabilities

The company had total financial commitments, guarantees and contingent liabilities at the balance sheet date of £27,347 (2025: £17,456).

9
Directors' transactions

Advances totalling £290 were made to directors and participators in the year (2025: £3,950). No repayments were received in the year (2025: £nil). Interest has not been charged on outstanding advances. At the balance sheet date, the total amount owed to the company was £4,240 (2025: £3,950).

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