Gifts2Impress Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04241519

Gifts2Impress Limited

Filleted Unaudited Financial Statements

For the year ended

31 July 2025

Gifts2Impress Limited

Statement of Financial Position

31 July 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		13,305		8,083

Current assets

Stocks		5,891	7,288
Debtors	7	49,372	15,709
Cash at bank and in hand		124,949	134,219
		---------	---------
		180,212	157,216

Creditors: amounts falling due within one year	8	58,700		54,793
		---------		---------
Net current assets			121,512		102,423
			---------		---------
Total assets less current liabilities			134,817		110,506
			---------		---------
Net assets			134,817		110,506
			---------		---------

Capital and reserves

Called up share capital	200	200
Profit and loss account	134,617	110,306
	---------	---------
Shareholders funds	134,817	110,506
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Gifts2Impress Limited

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 6 November 2025 , and are signed on behalf of the board by:

G Atherton	S Atherton
Director	Director

Company registration number: 04241519

Gifts2Impress Limited

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Loft, Culraven Court, Rear of 16 Haigh Road, Haigh, Wigan, WN2 1LD, Greater Manchester.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	Over 5 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2024: 5 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 August 2024 and 31 July 2025	7,000
	-------
Amortisation
At 1 August 2024 and 31 July 2025	7,000
	-------
Carrying amount
At 31 July 2025	–
	-------
At 31 July 2024	–
	-------

6. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 August 2024	48,537	48,537
Additions	7,658	7,658
	--------	--------
At 31 July 2025	56,195	56,195
	--------	--------
Depreciation
At 1 August 2024	40,454	40,454
Charge for the year	2,436	2,436
	--------	--------
At 31 July 2025	42,890	42,890
	--------	--------
Carrying amount
At 31 July 2025	13,305	13,305
	--------	--------
At 31 July 2024	8,083	8,083
	--------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	44,622	15,528
Prepayments and accrued income	4,750	–
Other debtors	–	181
	--------	--------
	49,372	15,709
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	7,247	1,700
Accruals and deferred income	4,500	3,725
Corporation tax	19,956	28,788
Social security and other taxes	25,677	19,140
Director loan accounts	1,320	1,440
	--------	--------
	58,700	54,793
	--------	--------

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	–	510
Later than 1 year and not later than 5 years	53,833	–
	--------	----
	53,833	510
	--------	----

10. Directors' advances, credits and guarantees

As at 31 July 2025, the company owed the directors £1,320 (2024: £1,440) in respect of the balance on their director's loan account. This loan is interest free and is repayable to the directors on demand.