Giveall Services Limited
Giveall Services Limited
Registered number: 07016307
Directors' Report and
Unaudited Financial Statements
For The Year Ended
31 December 2020
Giveall Services Limited
Directors' Report and Unaudited Financial Statements
For The Year Ended
31 December 2020
Directors' Report and Unaudited Financial Statements
| Contents | |
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| Company Information | 1 |
| Directors' Report | 2 |
| Accountants' Report | 3 |
| Profit and Loss Account | 4 |
| Balance Sheet | 5—6 |
| Notes to the Financial Statements | 7—10 |
Giveall Services Limited
Company Information
For The Year Ended
31 December 2020
Company Information
| Directors |
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| Company Number |
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| Registered Office | Bank House |
| 81 St Judes Road | |
| Englefield Green | |
| Surrey | |
| TW20 0DF | |
| Accountants |
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| Englefield Green | |
| TW20 0DF | |
Page 1
Giveall Services Limited
Company No. 07016307
Directors' Report For The Year Ended
31 December 2020
Directors' Report
The directors present their report and the financial statements for the year ended
31 December 2020
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Principal Activity
The company's principal activity in the year under review was that of managing the operational business for the Giveall2Charity Group.
Directors
The directors who held office during the year were as follows:
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Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
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Director
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Page 2
Giveall Services Limited
Accountants' Report
For The Year Ended
31 December 2020
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of
Giveall Services Limited
For The Year Ended 31 December 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Giveall Services Limited
For The Year Ended 31 December 2020 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of
Giveall Services Limited
, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of
Giveall Services Limited
and state those matters that we have agreed to state to the directors of
Giveall Services Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Giveall Services Limited
and its directors, as a body, for our work or for this report.
It is your duty to ensure that
Giveall Services Limited
has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of
Giveall Services Limited
. You consider that
Giveall Services Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of
Giveall Services Limited
. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
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Bank House, 81 St Judes Road
Englefield Green
TW20 0DF
Page 3
Giveall Services Limited
Profit and Loss Account
For The Year Ended
31 December 2020
Profit and Loss Account
| 2020 | 2019 | |||
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| Notes | £ | £ | ||
| TURNOVER |
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| GROSS PROFIT |
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| Administrative expenses |
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| OPERATING LOSS AND LOSS FOR THE FINANCIAL YEAR |
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The notes on pages 7 to 10 form part of these financial statements.
Page 4
Giveall Services Limited
Balance Sheet
As at
31 December 2020
Balance Sheet
| 2020 | 2019 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Investments | 4 |
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| CURRENT ASSETS | |||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 7 |
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| NET LIABILITIES |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 8 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | (844,511) | (775,685) | |||
Page 5
Giveall Services Limited
Balance Sheet (continued)
As at
31 December 2020
Directors' responsibilities:
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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 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.
On behalf of the board
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Director
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The notes on pages 7 to 10 form part of these financial statements.
Page 6
Giveall Services Limited
Notes to the Financial Statements
For The Year Ended
31 December 2020
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Coronavirus
On 11 March 2020 the World Health Organisation declared the COVID-19 outbreak as a worldwide pandemic. The directors are carefully monitoring the situation and following the applicable guidance issued by the UK Government. The outbreak has had a significant impact on both people and industry across the world. Due to the nature of the outbreak and the ongoing affect it is having globally it is currently very difficult to fully predict the overall impact this situation will have on the company and the business going forward.
1.2.
Going Concern Disclosure
The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts.
1.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Computer Equipment |
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1.5.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 7
Giveall Services Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 December 2020
1.6.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2019: 1)
3.
Tangible Assets
| Computer Equipment | |
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| Depreciation | |
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| Net Book Value | |
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Page 8
Giveall Services Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 December 2020
4.
Investments
| Unlisted | |
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| Provision | |
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| Net Book Value | |
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Investments are stated at cost.
5.
Debtors
| 2020 | 2019 | ||
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| Due within one year | |||
| Other debtors |
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| VAT |
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6.
Creditors: Amounts Falling Due Within One Year
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| Trade creditors |
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| Directors' loan accounts |
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7.
Creditors: Amounts Falling Due After More Than One Year
| 2020 | 2019 | ||
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| Amounts owed to group undertakings |
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Page 9
Giveall Services Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 December 2020
9.
Related Party Transactions
The company was under the control of the ultimate parent company Giveall2Charity, a company registered in England & Wales and limited by guarantee, throughout the current and previous year. The ultimate controlling parties are T E Odell and A F Phillips.
At the year end, members of the wider Odell family, related Trusts and Foundations were owed £882,001 (2019: £734,952).
Mr Philips, a director was owed £78,557 (2019: £78,557) by the company at year end.
10.
General Information
Giveall Services Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
07016307
. The registered office is Bank House, 81 St Judes Road, Englefield Green, Surrey, TW20 0DF.
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