REGISTERED NUMBER: SC328092 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Quirky Gift Library Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms S Colamartino

Paperlink Limited

REGISTERED OFFICE:

6 Castlebrae Business Centre

Peffer Place

Edinburgh

EH16 4BB

REGISTERED NUMBER:

SC328092 (Scotland)

ACCOUNTANTS:

One Accounting Ltd

Chartered Management Accountants

4a Glenfinlas Street

Edinburgh

Midlothian

EH3 6AQ

FIXED ASSETS

Intangible assets

4

7,841

10,317

Tangible assets

5

246,197

232,963

254,038

243,280

CURRENT ASSETS

Stocks

78,840

57,000

Debtors

6

65,276

75,560

Cash at bank

139,668

183,505

283,784

316,065

CREDITORS

Amounts falling due within one year

7

85,211

114,421

NET CURRENT ASSETS

198,573

201,644

TOTAL ASSETS LESS CURRENT LIABILITIES

452,611

444,924

CREDITORS

Amounts falling due after more than one year

8

(89,011

)

(206,655

)

PROVISIONS FOR LIABILITIES

(51,491

)

(13,921

)

NET ASSETS

312,109

224,348

CAPITAL AND RESERVES

Called up share capital

1

1

Share premium

35,000

35,000

Retained earnings

277,108

189,347

312,109

224,348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 October 2026 and were signed on its behalf by:

Ms S Colamartino - Director

1.	STATUTORY INFORMATION

Quirky Gift Library Ltd is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipments

-

25% on reducing balance

Stocks

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

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 recognised in other comprehensive income or directly in equity.

Current or deferred taxation 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 timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise 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 the timing difference.

Unrelieved 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 other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2025 - 29 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 April 2025

and 31 March 2026

12,380

AMORTISATION

At 1 April 2025

2,063

Amortisation for year

2,476

At 31 March 2026

4,539

NET BOOK VALUE

At 31 March 2026

7,841

At 31 March 2025

10,317

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipments

Totals

£

£

£

£

COST

At 1 April 2025

243,304

23,334

26,936

293,574

Additions

63,354

609

1,082

65,045

At 31 March 2026

306,658

23,943

28,018

358,619

DEPRECIATION

At 1 April 2025

28,696

11,847

20,068

60,611

Charge for year

47,690

2,358

1,763

51,811

At 31 March 2026

76,386

14,205

21,831

112,422

NET BOOK VALUE

At 31 March 2026

230,272

9,738

6,187

246,197

At 31 March 2025

214,608

11,487

6,868

232,963

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

60,095

75,560

Prepayments and accrued income

5,181

-

65,276

75,560

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

28,000

41,160

Hire purchase contracts

6,785

5,934

Trade creditors

15,886

15,148

Social security and other taxes

-

29,968

VAT

25,211

19,539

Other creditors

1,533

1,399

Directors' current accounts

1,096

784

Accrued expenses

6,700

489

85,211

114,421

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans - 2-5 years

84,475

194,756

Hire purchase contracts

4,536

11,899

89,011

206,655

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £15,000 were paid to the directors .