Accounts filed on 31-03-2014
Accounts filed on 31-03-2014
trueGEMINI CARDS AND GIFTS LTDSC1655092014-03-31-31612586683912586100001000068391258668391258660401179925743229253178334724185125312978131694151499799787799787Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
The turnover shown in the profit and loss account represents cash sales of goods, net of Value Added Tax.
Sales of goods are recognised when cash is received and recorded in till receipts.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.Plant & MachineryReducing balance0.2000Fixtures & FittingsReducing balance0.2000Computer EquipmentStraight line0.33331681916477342160201569016819164773421602015690Ordinary5000015000050000Ordinary1100001000010000Mrs J Fairbairn is reimbursed by the company at 25 pence per mile for the use of her privately owned car.
Mr S Fairbairn, Mrs Fairbairn's husband, has an outstanding loan from the company of £4,000 as at 31 March 2014 (2013 - £5,000). This amount is unsecured, interest free and has no fixed terms for repayment.2014-12-18S Stewarttruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureGEMINI CARDS AND GIFTS LTD2013-04-012014-03-31GEMINI CARDS AND GIFTS LTD2012-04-012013-03-31GEMINI CARDS AND GIFTS LTD2012-03-31GEMINI CARDS AND GIFTS LTD2013-03-31GEMINI CARDS AND GIFTS LTD2013-03-31GEMINI CARDS AND GIFTS LTD2014-03-31 2014-12-22
