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REGISTERED NUMBER: 08852526 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Gallow Ltd

Gallow Ltd (Registered number: 08852526)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Gallow Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTOR: J J Lowther





REGISTERED OFFICE: 11 Chartmoor Road
Leighton Buzzard
Bedfordshire
LU7 4WG





REGISTERED NUMBER: 08852526 (England and Wales)





ACCOUNTANT: Roberts Accountancy & Tax Limited
11 Chartmoor Road
Leighton Buzzard
Bedfordshire
LU7 4WG

Gallow Ltd (Registered number: 08852526)

Balance Sheet
31 January 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 9,386 10,668

CURRENT ASSETS
Debtors 5 18,021 15,708
Investments 6 23,386 -
Cash at bank 191,956 210,985
233,363 226,693
CREDITORS
Amounts falling due within one year 7 (38,596 ) (41,455 )
NET CURRENT ASSETS 194,767 185,238
TOTAL ASSETS LESS CURRENT
LIABILITIES

204,153

195,906

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 204,152 195,905
SHAREHOLDERS' FUNDS 204,153 195,906

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 12 October 2023 and were signed by:





J J Lowther - Director


Gallow Ltd (Registered number: 08852526)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Gallow Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 10% 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 in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Gallow Ltd (Registered number: 08852526)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 18,725
Additions 916
At 31 January 2023 19,641
DEPRECIATION
At 1 February 2022 8,057
Charge for year 2,198
At 31 January 2023 10,255
NET BOOK VALUE
At 31 January 2023 9,386
At 31 January 2022 10,668

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 18,021 15,708

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Other 23,386 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 37,471 39,810
Other creditors 1,125 1,645
38,596 41,455

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director paid expenses of the company, and received recompense of the same. At the year end the director was owed £165 (2022: £545).

During the year the director received dividends amounting to £107,000 (2022: £70,000).








9. ULTIMATE CONTROLLING PARTY

The controlling party is J J Lowther.