Corporate Gifts Online Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04800644 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2021

for

Corporate Gifts Online Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

S T M Haskell

REGISTERED OFFICE:

1 Stanyards Courtyard

Stanyards Farm

Chertsey Road

Chobham

Surrey

GU24 8JE

REGISTERED NUMBER:

04800644 (England and Wales)

ACCOUNTANTS:

Ahmad York Limited

Chartered Certified Accountants

1 Stanyards Courtyard

Stanyards Farm

Chertsey Road

Chobham

Surrey

GU24 8JE

FIXED ASSETS

Tangible assets

4

1,314

1,653

CURRENT ASSETS

Debtors

79,974

65,276

Cash at bank

15,088

-

95,062

65,276

CREDITORS

Amounts falling due within one year

72,574

85,684

NET CURRENT ASSETS/(LIABILITIES)

22,488

(20,408

)

TOTAL ASSETS LESS CURRENT LIABILITIES

23,802

(18,755

)

CREDITORS

Amounts falling due after more than one year

(20,247

)

-

PROVISIONS FOR LIABILITIES

(250

)

-

NET ASSETS/(LIABILITIES)

3,305

(18,755

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

3,304

(18,756

)

3,305

(18,755

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 May 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 February 2022 and were signed by:

S T M Haskell - Director

1.	STATUTORY INFORMATION

Corporate Gifts Online 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.

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 cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2020

15,217

Additions

550

At 31 May 2021

15,767

DEPRECIATION

At 1 June 2020

13,564

Charge for year

889

At 31 May 2021

14,453

NET BOOK VALUE

At 31 May 2021

1,314

At 31 May 2020

1,653