Gifts And Greetings Review Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07674143 (England and Wales)

GIFTS AND GREETINGS REVIEW LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Director:

Miss C L Cowell

Registered office:

2 Tower House

Hoddesdon

Hertfordshire

EN11 8UR

Business address:

14 Priory Court

Chesham Road

Berkhamsted

Hertfordshire

HP4 2DP

Registered number:

07674143 (England and Wales)

Accountants:

Roberts & Co

Chartered Accountants

2 Tower House

Hoddesdon

Hertfordshire

EN11 8UR

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

380

505

380

505

Current assets

Debtors

6

4,316

575

Cash at bank

22,567

20,542

26,883

21,117

Creditors

Amounts falling due within one year

7

24,421

15,687

Net current assets

2,462

5,430

Total assets less current liabilities

2,842

5,935

Capital and reserves

Called up share capital

8

2

2

Retained earnings

2,840

5,933

Shareholders' funds

2,842

5,935

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 19 January 2022 and were signed by:

Miss C L Cowell - Director

1.	Statutory information

Gifts And Greetings Review 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 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.

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

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.

3.	Employees and directors

The average number of employees during the year was 1 (2020 - 1 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 July 2020

and 30 June 2021

10,000

Amortisation

At 1 July 2020

and 30 June 2021

10,000

Net book value

At 30 June 2021

-

At 30 June 2020

-

5.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

At 1 July 2020

and 30 June 2021

899

Depreciation

At 1 July 2020

394

Charge for year

125

At 30 June 2021

519

Net book value

At 30 June 2021

380

At 30 June 2020

505

6.

Debtors: amounts falling due within one year

2021

2020

£

£

Trade debtors

1,971

-

Other debtors

2,000

-

Prepayments

345

575

4,316

575

7.

Creditors: amounts falling due within one year

2021

2020

£

£

Corporation tax payable

645

1,940

Director's current account

22,876

12,548

Accrued expenses

900

1,199

24,421

15,687

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

2

Ordinary

£1

2

2

9.	Ultimate controlling party

The ultimate controlling party is Miss C L Cowell.