REGISTERED NUMBER: 07645354 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2018

for

Carine Gilson Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs C Gilson

SECRETARY:

MY UK OFFICE LIMITED

REGISTERED OFFICE:

Westwood House

Annie Med Lane

South Cave

Brough

East Yorkshire

HU15 2HG

REGISTERED NUMBER:

07645354 (England and Wales)

ACCOUNTANTS:

Try Lunn & Co

Chartered Accountants

Roland House

Princes Dock Street

Hull

HU1 2LD

FIXED ASSETS

Tangible assets

4

101

284

CURRENT ASSETS

Debtors

5

53,649

48,866

Cash at bank and in hand

9,139

16,863

62,788

65,729

CREDITORS

Amounts falling due within one year

6

110,904

134,673

NET CURRENT LIABILITIES

(48,116

)

(68,944

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(48,015

)

(68,660

)

CAPITAL AND RESERVES

Called up share capital

4,000

4,000

Retained earnings

7

(52,015

)

(72,660

)

SHAREHOLDERS' FUNDS

(48,015

)

(68,660

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 24 January 2019 and were signed by:

Mrs C Gilson - Director

1.	STATUTORY INFORMATION

Carine Gilson 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.

The company is dependant on the continued financial support of the director. The director has agreed to provide

continued support to ensure the company will be able to trade as a going concern for the foreseeable future. The

financial statements have therefore been prepared on the going concern basis.

Turnover

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 are delivered and the legal title has passed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life.

Plant & machinery - 25% on cost

Fixtures & fittings - 25% on cost

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.

Deferred tax

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the

financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying

amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is

no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which

the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or

substantively enacted by the end of the reporting period.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 June 2017

and 31 May 2018

11,814

3,015

14,829

DEPRECIATION

At 1 June 2017

11,808

2,737

14,545

Charge for year

6

177

183

At 31 May 2018

11,814

2,914

14,728

NET BOOK VALUE

At 31 May 2018

-

101

101

At 31 May 2017

6

278

284

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

49

104

Other debtors

53,600

48,762

53,649

48,866

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

32,351

26,692

Taxation and social security

4,066

8,853

Other creditors

74,487

99,128

110,904

134,673

7.

RESERVES

Retained

earnings

£

At 1 June 2017

(72,660

)

Profit for the year

20,645

At 31 May 2018

(52,015

)

8.	RELATED PARTY DISCLOSURES

At the 31 May 2018 £31,881 was owed by the company to Mrs C Gilson, a director of the company (2017 -

£28,131). This loan is interest free, unsecured and repayable on demand.

During the year purchases totalling £125,459 (2017 - £92,743) were made from Maille France SA, a company in

which Mrs C Gilson is a director and shareholder. At the year-end date £28,937 was owed to Maille France SA

(2017 - £63,727). This loan is interest free, unsecured and repayable on demand. .

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs C Gilson.