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COMPANY REGISTRATION NUMBER: 08851922
GALAF LTD
Unaudited Financial Statements
31 January 2022
GALAF LTD
Financial Statements
Year ended 31 January 2022
Contents
Page
Income statement
1
Statement of financial position and the notes to the financial statements
2
The following pages do not form part of the financial statements
Report to the director on the preparation of the unaudited statutory financial statements
5
GALAF LTD
Income Statement
Year ended 31 January 2022
2022
2021
£
£
Turnover
43,168
67,153
Staff costs
40,955
29,298
Other charges
603
36,356
Tax
306
285
--------
--------
Profit
1,304
1,214
--------
--------
GALAF LTD
Statement of Financial Position
31 January 2022
2022
2021
£
£
£
Fixed assets
13,551
13,551
--------
--------
Current assets
31,721
29,574
Creditors: amounts falling due within one year
37,977
37,134
--------
--------
Net current liabilities
( 6,256)
( 7,560)
-------
-------
Total assets less current liabilities
7,295
5,991
-------
-------
Capital and reserves
7,295
5,991
-------
-------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2021: Nil).
2. Director's advances, credits and guarantees
the loan from the director is interest free and repayable on demand
For the year ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions.
These financial statements were approved by the board of directors and authorised for issue on 21 June 2022 , and are signed on behalf of the board by:
Mr Andrea Alessi
Director
Company registration number: 08851922
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Care Of Italian Accountants Limited, Unit 2, Bedford Mews, N2 9DF, UK.
GALAF LTD
Management Information
Year ended 31 January 2022
The following pages do not form part of the financial statements.
GALAF LTD
Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of GALAF LTD
Year ended 31 January 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GALAF LTD for the year ended 31 January 2022, which comprise the income statement, statement of financial position and the notes to the financial statements from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the director of GALAF LTD in accordance with the terms of our engagement letter dated 14 February 2018. Our work has been undertaken solely to prepare for your approval the financial statements of GALAF LTD and state those matters that we have agreed to state to you in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GALAF LTD and its director for our work or for this report.
It is your duty to ensure that GALAF LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of GALAF LTD. You consider that GALAF LTD is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of GALAF LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
ITALIAN ACCOUNTANTS LIMITED Chartered accountants
Unit 2 Bedford Mews London United Kingdom N2 9DF
21 June 2022