Company Registration No. 10842914 (England and Wales)
GIGL LTD
Unaudited accounts
for the year ended 30 June 2022
GIGL LTD
Unaudited accounts
Contents
GIGL LTD
Company Information
for the year ended 30 June 2022
Directors
Christian Ayerst
Dan Hudson
Holly Jeane Smith
Daniel Eric Salaman
Company Number
10842914 (England and Wales)
Registered Office
3RD FLOOR
86-90 PAUL STREET
LONDON
EC2A 4NE
Accountants
Sleek Accounting Ltd
107 Kirkgate
Leeds
West Yorkshire
LS1 6DP
GIGL LTD
Statement of financial position
as at 30 June 2022
Cash at bank and in hand
385,626
1,693
Creditors: amounts falling due within one year
(19,424)
(3,010)
Net current assets
370,391
9,401
Called up share capital
3
200
Share premium
833,143
104,965
Profit and loss account
(459,671)
(94,836)
Shareholders' funds
373,475
10,329
For the year ending 30 June 2022 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 March 2023 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 2022
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
Computer equipment
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.
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
GIGL LTD
Notes to the Accounts
for the year ended 30 June 2022
4
Intangible fixed assets
Other
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
625
-
7
Creditors: amounts falling due within one year
2022
2021
Loans from directors
1,752
-
GIGL LTD
Notes to the Accounts
for the year ended 30 June 2022
Allotted, called up and fully paid:
2,417,180 Ordinary shares of £0.000001 each
2.41
2.00
Shares issued during the period:
417,180 Ordinary shares of £0.000001 each
0.41
9
Average number of employees
During the year the average number of employees was 7 (2021: 3).
