Gift Creation and Design Limited - Accounts to registrar - small 17.2
Gift Creation and Design Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| GIFT CREATION AND DESIGN LIMITED |
| FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 OCTOBER 2015 TO 31 MARCH 2017 |
| GIFT CREATION AND DESIGN LIMITED (REGISTERED NUMBER: 07089794) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 OCTOBER 2015 TO 31 MARCH 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| GIFT CREATION AND DESIGN LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 1 OCTOBER 2015 TO 31 MARCH 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| Chartered Accountants |
| Statutory Auditors |
| Shorrock House |
| 1 Faraday Court |
| Fulwood |
| Preston |
| Lancashire |
| PR2 9NB |
| GIFT CREATION AND DESIGN LIMITED (REGISTERED NUMBER: 07089794) |
| BALANCE SHEET |
| 31 MARCH 2017 |
| 2017 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on signed on its behalf by: |
| GIFT CREATION AND DESIGN LIMITED (REGISTERED NUMBER: 07089794) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 OCTOBER 2015 TO 31 MARCH 2017 |
| 1. | STATUTORY INFORMATION |
| Gift Creation and Design Limited is a |
| 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 |
| On this basis, taking into account recent trading results and forecasts, the directors believe it |
| is appropriate to continue to adopt the going concern basis in the preparation of the financial |
| statements. |
| This is the first year in which the financial statements have been prepared under FRS 102 |
| Section 1A, there are no transitional adjustments. The financial statements are presented in |
| Sterling (£). |
| The accounts are a long period as the year end has been changed to be coterminous with |
| the ultimate parent company. The comparatives are not entirely comparable. |
| 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 |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance |
| for obsolete and slow moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not |
| reversed at the balance sheet date. |
| GIFT CREATION AND DESIGN LIMITED (REGISTERED NUMBER: 07089794) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 OCTOBER 2015 TO 31 MARCH 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Foreign currencies |
| 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 rate of exchange ruling at the date of transaction. Exchange differences |
| are taken into account in arriving at the operating result. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over |
| the period of the lease. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 October 2015 |
| and 31 March 2017 |
| AMORTISATION |
| At 1 October 2015 |
| Charge for period |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 30 September 2015 |
| GIFT CREATION AND DESIGN LIMITED (REGISTERED NUMBER: 07089794) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 OCTOBER 2015 TO 31 MARCH 2017 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 October 2015 |
| Additions |
| At 31 March 2017 |
| DEPRECIATION |
| At 1 October 2015 |
| Charge for period |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 30 September 2015 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2015 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2015 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2015 |
| £ | £ |
| Other creditors |
| GIFT CREATION AND DESIGN LIMITED (REGISTERED NUMBER: 07089794) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 OCTOBER 2015 TO 31 MARCH 2017 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
| 2017 | 2015 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Other loans more 5yrs non-inst |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2017 | 2015 |
| £ | £ |
| Within one year |
| Between one and five years |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2017 | 2015 |
| £ | £ |
| Other loans |
| Trade finance |
| The trade finance is secured by the way of a fixed and floating charge. |
| 11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 12. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of exemption, under the terms of Financial Reporting |
| Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of |
| Ireland', not to disclose related party transactions with wholly owned subsidiaries within the |
| group. |
| 13. | ULTIMATE CONTROLLING PARTY |
| The company is under the ultimate control of Everwine Limited, a company incorporated in |
| England. |