Gigi's Convenience Store Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08254123 (England and Wales)

Financial Statements for the Year Ended 30 November 2025

for

Gigi's Convenience Store Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

Mrs Bhanumati Chhaganlal Patel

Mrs Bhawna Patel

Mr Rajesh Kumar Champakbhai Patel

REGISTERED OFFICE:

Bridge House

9-13 Holbrooke Lane

Coventry

West Midlands

CV6 4AD

BUSINESS ADDRESS:

136 Nangreave Road

Stock Port

Heavily

SK2 6DG

REGISTERED NUMBER:

08254123 (England and Wales)

ACCOUNTANTS:

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

FIXED ASSETS

Intangible assets

4

20,894

Property, plant and equipment

5

3,667

3,283

24,561

24,177

CURRENT ASSETS

Inventories

32,896

33,570

Debtors

6

48

61

Cash in hand

2,518

4,505

35,462

38,136

CREDITORS

Amounts falling due within one year

7

31,771

27,672

NET CURRENT ASSETS

3,691

10,464

TOTAL ASSETS LESS CURRENT
LIABILITIES

28,252

34,641

CREDITORS

Amounts falling due after more than one
year

8

9,738

16,624

NET ASSETS

18,514

18,017

CAPITAL AND RESERVES

Called up share capital

9

300

Retained earnings

18,214

17,717

SHAREHOLDERS' FUNDS

18,514

18,017

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2026 and were signed on its behalf by:

Mrs Bhanumati Chhaganlal Patel - Director

1.	STATUTORY INFORMATION

Gigi's Convenience Store Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net sales of invoiced goods and services excluding Value Added Tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of nil years.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2024

and 30 November 2025

20,894

NET BOOK VALUE

At 30 November 2025

20,894

At 30 November 2024

20,894

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 December 2024

42,411

Additions

1,607

At 30 November 2025

44,018

DEPRECIATION

At 1 December 2024

39,128

Charge for year

1,223

At 30 November 2025

40,351

NET BOOK VALUE

At 30 November 2025

3,667

At 30 November 2024

3,283

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

Trade debtors

30

61

Other debtors

18

-

48

61

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

Bank loans and overdrafts

4,360

1,261

Trade creditors

4,932

66

Taxation and social security

2,264

4,911

Other creditors

20,215

21,434

31,771

27,672

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

30.11.25

30.11.24

£

Bank loans

4,180

7,016

Other creditors

5,558

9,608

9,738

16,624

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

300

Ordinary Share

1

300

10.	RELATED PARTY DISCLOSURES

During the period, the company has paid rent of £10,200 (2024: £10,200) in respect of property owned by Directors.

The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 November 2025 set out on page nil 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.

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

Date: .............................................