Micro-entity Accounts - GADGET SAVINGS LTD

GADGET SAVINGS LTD Registered Number 16284880

Micro-entity Balance Sheet as at 31 March 2026

	Notes	2026
		£
Called up share capital not paid		1
Fixed Assets		800
Current Assets		2
Prepayments and accrued income		-
Creditors: amounts falling due within one year		(1,375)
Net current assets (liabilities)		(1,373)
Total assets less current liabilities		(572)
Creditors: amounts falling due after more than one year		0
Provisions for liabilities		0
Accruals and deferred income		0
Total net assets (liabilities)		(572)
Capital and reserves		(572)

For the year ending 31 March 2026 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 14 August 2026

And signed on their behalf by:
Muhammad Salman, Director

GADGET SAVINGS LTD Registered Number 16284880

Notes to the Micro-entity Accounts for the period ended 31 March 2026

1Employees

	2026
Average number of employees during the period	1

2Accounting Policies

Basis of measurement and preparation of accounts
1. ACCOUNTING POLICIES

Basis of preparation of financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 105 "The Financial Reporting standard applicable in the UK and Republic of Ireland" and the Companies ACT 2006. These financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at fair value of the consideration received or receivable, excluding discount, rebates, value added tax (VAT) and other sales taxes.

Tangible Fixed Assets
Depreciation is provided at the following rates annual rates in order to write off each asset over its useful life.
Vehicles - 10%
Furniture & fixtures - 5%
Office other accessories - 5%"

Cash & Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and with banks. This also include short term deposits and investments with maturities of three months and less.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognized in other comprehensive income or directly in equity.

Current and deferred tax assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all temporary differences that have originated but not reversed at the balance sheet date.

Timing differences arising from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of timing differences.

Unused tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits.