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Company Registration No. 12369951 (England and Wales)
FOWEY RIVER GALLERY LIMITED Unaudited accounts for the year ended 31 March 2023
FOWEY RIVER GALLERY LIMITED Unaudited accounts Contents
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FOWEY RIVER GALLERY LIMITED Company Information for the year ended 31 March 2023
Directors
Andrew Dellow Mrs Mandi Dellow
Company Number
12369951 (England and Wales)
Registered Office
WATERLOO HOUSE 38A FORE STREET FOWEY CORNWALL PL23 1AQ ENGLAND
Accountants
SG ACCOUNTANCY 102 TREVERBYN ROAD CARCLAZE IND ESTATE ST AUSTELL CORNWALL PL25 4EW
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FOWEY RIVER GALLERY LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
150,000 
150,000 
Tangible assets
4,373 
2,674 
154,373 
152,674 
Current assets
Inventories
23,765 
26,435 
Debtors
9,498 
9,389 
Cash at bank and in hand
12,219 
50,000 
45,482 
85,824 
Creditors: amounts falling due within one year
(181,813)
(192,835)
Net current liabilities
(136,331)
(107,011)
Net assets
18,042 
45,663 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
17,042 
44,663 
Shareholders' funds
18,042 
45,663 
For the year ending 31 March 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 23 October 2023 and were signed on its behalf by
Mrs Mandi Dellow Director Company Registration No. 12369951
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FOWEY RIVER GALLERY LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
FOWEY RIVER GALLERY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12369951. The registered office is WATERLOO HOUSE, 38A FORE STREET, FOWEY, CORNWALL, PL23 1AQ, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
150,000 
At 31 March 2023
150,000 
Amortisation
At 1 April 2022
- 
At 31 March 2023
- 
Net book value
At 31 March 2023
150,000 
At 31 March 2022
150,000 
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FOWEY RIVER GALLERY LIMITED Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2022
4,127 
Additions
3,285 
At 31 March 2023
7,412 
Depreciation
At 1 April 2022
1,453 
Charge for the year
1,586 
At 31 March 2023
3,039 
Net book value
At 31 March 2023
4,373 
At 31 March 2022
2,674 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
9,498 
9,389 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
4,518 
3,495 
Taxes and social security
447 
9,301 
Loans from directors
171,943 
171,944 
Accruals
4,905 
8,095 
181,813 
192,835 
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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