GIFTS ONLINE 4 U LTD


Director	DUNGARWALLA, Asgar


Registered Address	Unit 11 Broadgate House
	Westlode Street
	Spalding
	PE11 2AF


Place of Business	109 Six House Bank
	West Pinchbeck
	Spalding
	PE11 3QG


Registered Number	08755135 (England and Wales)

Balance Sheet as at
31 October 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		52,284		89,016
			52,284		89,016
Current assets
Stocks	4	35,000		51,065
Debtors		28,311		17,450
Cash at bank and on hand		17,804		32,634
		81,115		101,149
Creditors amounts falling due within one year	5	(53,789)		(67,115)
Net current assets (liabilities)			27,326		34,034
Total assets less current liabilities			79,610		123,050
Creditors amounts falling due after one year	6		(29,345)		(31,793)
Net assets			50,265		91,257
Capital and reserves
Profit and loss account			50,265		91,257
Shareholders' funds			50,265		91,257

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 Director acknowledges 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 Director on 27 July 2026, and are signed on its behalf by:

DUNGARWALLA, Asgar
Director
Registered Company No. 08755135

GIFTS ONLINE 4 U LTD

Notes to the Financial Statements
for the year ended 31 October 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.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	20
	Office Equipment	20

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	3		5

3.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 November 24	203,236	43,994	247,230
Disposals	(100,816)	(6,689)	(107,505)
At 31 October 25	102,420	37,305	139,725
Depreciation and impairment
At 01 November 24	135,384	22,830	158,214
Charge for year	8,211	3,798	12,009
On disposals	(61,657)	(21,125)	(82,782)
At 31 October 25	81,938	5,503	87,441
Net book value
At 31 October 25	20,482	31,802	52,284
At 31 October 24	67,852	21,164	89,016

4.	Stocks

	2025	2024
	£	£
Raw materials and consumables	35,000	51,065
Total	35,000	51,065

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	16,698	22,560
Bank borrowings and overdrafts	7,643	9,893
Taxation and social security	28,000	33,819
Other creditors	1,448	843
Total	53,789	67,115


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	29,345	31,793
Total	29,345	31,793