Company Registration No. 09136964 (England and Wales)
Galliano's Trading Limited
Unaudited accounts
for the year ended 31 July 2023
Galliano's Trading Limited
Unaudited accounts
Contents
Galliano's Trading Limited
Company Information
for the year ended 31 July 2023
Directors
Mr JW Gosling
Ms LJ Williamson
Company Number
09136964 (England and Wales)
Registered Office
46 HAY BARN ROAD
DEEPING ST. NICHOLAS
SPALDING
PE11 3EJ
Accountants
Cedar House Accounting
67 Stephens Way
Deeping St James
Peterborough
PE6 8EJ
Galliano's Trading Limited
Statement of financial position
as at 31 July 2023
Tangible assets
3,850
3,887
Cash at bank and in hand
50,340
29,719
Creditors: amounts falling due within one year
(13,026)
(3,943)
Net current assets
38,853
27,699
Total assets less current liabilities
42,703
31,586
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
41,686
30,747
Shareholders' funds
41,786
30,847
For the year ending 31 July 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by
Mr JW Gosling
Director
Company Registration No. 09136964
Galliano's Trading Limited
Notes to the Accounts
for the year ended 31 July 2023
Galliano's Trading Limited is a private company, limited by shares, registered in England and Wales, registration number 09136964. The registered office is 46 HAY BARN ROAD, DEEPING ST. NICHOLAS, SPALDING, PE11 3EJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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 have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Galliano's Trading Limited
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2022
-
5,410
5,410
At 31 July 2023
800
5,721
6,521
At 1 August 2022
-
1,523
1,523
Charge for the year
150
998
1,148
At 31 July 2023
150
2,521
2,671
At 31 July 2023
650
3,200
3,850
At 31 July 2022
-
3,887
3,887
Amounts falling due within one year
Accrued income and prepayments
311
190
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,967
(259)
Loans from directors
907
907
7
Transactions with related parties
As at the balance sheet date, the company owed the Directors £907 (2022: £907). This is an interest free loan.
8
Average number of employees
During the year the average number of employees was 11 (2022: 11).