Company Registration Number SC462647 (Scotland)
THE GREAT GIFTS COMPANY (KILMARNOCK) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2020
PAGES FOR FILING WITH REGISTRAR
THE GREAT GIFTS COMPANY (KILMARNOCK) LIMITED
BALANCE SHEET
AS AT 30 APRIL 2020
30 April 2020
- 1 -
2020
2019
£
£
£
£
Fixed assets
48,682
53,977
Current assets
88,132
98,453
Creditors: amounts falling due within one year
(116,675)
(151,549)
Net current liabilities
(28,543)
(53,096)
Total assets less current liabilities
20,139
881
Net assets
20,139
881
Capital and reserves
20,139
881
Notes to the financial statements
1
Financial commitments, guarantees and contingencies
The company has operating lease commitments of £60,833 as at the balance sheet date.
2
Employees
The average number of persons
,
including directors
,
employed by the company during the year wa
s as follows:
2020
2019
Number
Number
Employees
5
4
3
Going concern
In common with most businesses the company is facing potential issues in respect of the COVID-19
pandemic. This is an ongoing situation and the company is adopting a strategy to manage the ever
changing situation as effectively as possible.
The Great Gifts Company (Kilmarnock) Limited is a private company limited by shares incorporated in Scotland. The registered office is 5 Westfield Road, Kilmarnock, KA3 6GA.
For the year ended 30 April 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
THE GREAT GIFTS COMPANY (KILMARNOCK) LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2020
30 April 2020
- 2 -
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 29 October 2020 and are signed on its behalf by:
Mrs J O'Rourke
Director
Company Registration Number SC462647