Company Registration No. 10842914 (England and Wales)
GIGL LTD
Unaudited accounts
for the year ended 30 June 2021
GIGL LTD
Unaudited accounts
Contents
GIGL LTD
Company Information
for the year ended 30 June 2021
Directors
Christian Ayerst
Dan Hudson
Holly Jeane Smith
Company Number
10842914 (England and Wales)
Registered Office
3RD FLOOR
86-90 PAUL STREET
LONDON
EC2A 4NE
Accountants
Accounts Lab Ltd
The Leeming Building
Vicar Lane
Leeds
West Yorkshire
LS2 7JF
GIGL LTD
Statement of financial position
as at 30 June 2021
Intangible assets
928
1,044
Cash at bank and in hand
1,693
957
Creditors: amounts falling due within one year
(3,010)
(65,154)
Net current assets/(liabilities)
9,401
(64,048)
Net assets/(liabilities)
10,329
(61,940)
Called up share capital
200
150
Profit and loss account
(94,836)
(62,090)
Shareholders' funds
10,329
(61,940)
For the year ending 30 June 2021 the company was entitled to exemption from audit 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2021 and were signed on its behalf by
Christian Ayerst
Director
Company Registration No. 10842914
GIGL LTD
Notes to the Accounts
for the year ended 30 June 2021
GIGL LTD is a private company, limited by shares, registered in England and Wales, registration number 10842914. The registered office is 3RD FLOOR, 86-90 PAUL STREET, LONDON, EC2A 4NE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Expenditure on research and development is written off in the year in which it is incurred.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
GIGL LTD
Notes to the Accounts
for the year ended 30 June 2021
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
6
Debtors: amounts falling due within one year
2021
2020
7
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
-
(3,857)
Loans from directors
-
47,611
GIGL LTD
Notes to the Accounts
for the year ended 30 June 2021
Allotted, called up and fully paid:
2,000,000 Ordinary shares of £0.0001 each
200
150
Shares issued during the period:
500,000 Ordinary shares of £0.0001 each
50
9
Average number of employees
During the year the average number of employees was 3 (2020: 3).
