INTERGALACTIC GROUP LIMITED

Company Registration Number:
08279483 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2021

Period of accounts

Start date: 01 December 2020

End date: 30 November 2021

INTERGALACTIC GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2021

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

INTERGALACTIC GROUP LIMITED

Company Information

for the Period Ended 30 November 2021




Director: Nicholas Willam Chown
Registered office: The Coach House
Furringdon House
Merriott
Crewkerne
Somerset
England
TA18 7NH
Company Registration Number: 08279483 (England and Wales)

INTERGALACTIC GROUP LIMITED

Directors' Report Period Ended 30 November 2021

The directors present their report with the financial statements of the company for the period ended 30 November 2021

Principal Activities

Online clothing, music and promotion

Directors

The directors shown below have held office during the whole of the period from 01 December 2020 to 30 November 2021
Nicholas Willam Chown

This report was approved by the board of directors on 5 September 2022
And Signed On Behalf Of The Board By:

Name: Nicholas Willam Chown
Status: Director

INTERGALACTIC GROUP LIMITED

Profit and Loss Account

for the Period Ended 30 November 2021


Notes

2021
£

2020
£
Turnover 76,216 48,514
Cost of sales ( 118,624 ) ( 9,919 )
Gross Profit or (Loss) ( 39,042 ) 39,862
Income from coronavirus (COVID-19) business support grants 3,366 1,267
Administrative Expenses ( 31,148 ) ( 56,396 )
Other operating income 31,000 -
Operating Profit or (Loss) ( 39,190 ) ( 16,534 )
Interest Receivable and Similar Income 0 1
Profit or (Loss) Before Tax ( 39,190 ) ( 16,533 )
Tax on Profit ( 0 ) ( 0 )
Profit or (Loss) for Period ( 39,190 ) ( 16,533 )

The notes form part of these financial statements

INTERGALACTIC GROUP LIMITED

Balance sheet

As at 30 November 2021


Notes

2021
£

2020
£
Fixed assets
Tangible assets: 4 1,005 1,496
Total fixed assets: 1,005 1,496
Current assets
Stocks: 0 109,100
Debtors: 5 0 0
Cash at bank and in hand: 24,397 30,198
Total current assets: 24,397 139,298
Creditors: amounts falling due within one year: 6 ( 0 ) ( 720 )
Net current assets (liabilities): 24,397 138,578
Total assets less current liabilities: 25,402 140,074
Creditors: amounts falling due after more than one year: 7 ( 130,025 ) ( 206,007 )
Accruals and deferred income: ( 500 )
Total net assets (liabilities): ( 105,123 ) ( 65,933 )

The notes form part of these financial statements

INTERGALACTIC GROUP LIMITED

Balance sheet continued

As at 30 November 2021


Notes

2021
£

2020
£
Capital and reserves
Called up share capital: 52 52
Profit and loss account: ( 105,175 ) ( 65,985 )
Shareholders funds: ( 105,123 ) ( 65,933 )

For the year ending 30 November 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 5 September 2022
And Signed On Behalf Of The Board By:

Name: Nicholas Willam Chown
Status: Director

The notes form part of these financial statements

INTERGALACTIC GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

INTERGALACTIC GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

  • 2. Employees


    2021

    2020
    Average number of employees during the period 1 1

INTERGALACTIC GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

  • 3. Off balance sheet disclosure

    No

INTERGALACTIC GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

4. Tangible assets

Office equipment Total
Cost £ £
At 01 December 2020 1,496 1,496
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 30 November 2021 1,496 1,496
Depreciation
At 01 December 2020 - -
Charge for year 491 491
On disposals - -
Other adjustments - -
At 30 November 2021 491 491
Net book value
At 30 November 2021 1,005 1,005
At 30 November 2020 1,496 1,496

INTERGALACTIC GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

5. Debtors


2021
£

2020
£
Trade debtors 0 0
Total 0 0

INTERGALACTIC GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

6.Creditors: amounts falling due within one year note


2021
£

2020
£
Trade creditors 720
Accruals and deferred income 0
Total 0 720

INTERGALACTIC GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

7.Creditors: amounts falling due after more than one year


2021
£

2020
£
Bank loans and overdrafts 26,500 26,500
Other creditors 103,525 179,507
Total 130,025 206,007

INTERGALACTIC GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

8.1. Loans to Directors

Name of director receiving advance or credit: Nicholas Willam Chown
Description of the transaction:
Loan repayment
Balance at 01 December 2020 179,507
Advances or credits repaid: 75,982
Balance at 30 November 2021 103,525