Gifts And Greetings Review Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07674143 (England and Wales)

GIFTS AND GREETINGS REVIEW LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

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

-

2,000

Current assets

Debtors

5

4,475

16,215

Cash at bank

26,805

19,472

31,280

35,687

Creditors

Amounts falling due within one year

6

29,763

36,768

Net current assets/(liabilities)

1,517

(1,081

)

Total assets less current liabilities

1,517

919

Capital and reserves

Called up share capital

7

2

2

Retained earnings

1,515

917

Shareholders' funds

1,517

919

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 15 December 2017 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

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 .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 July 2016

and 30 June 2017

10,000

Amortisation

At 1 July 2016

8,000

Amortisation for year

2,000

At 30 June 2017

10,000

Net book value

At 30 June 2017

-

At 30 June 2016

2,000

5.

Debtors: amounts falling due within one year

2017

2016

£

£

Trade debtors

4,475

16,215

6.

Creditors: amounts falling due within one year

2017

2016

£

£

Corporation tax payable

4,210

7,057

Director's current account

24,262

28,420

Accrued expenses

1,291

1,291

29,763

36,768

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary

£1

2

2

8.	Ultimate controlling party

The ultimate controlling party is Miss C L Cowell.