Company Registration No. NI641790 (Northern Ireland)
GALLERY 1608 LTD
Unaudited accounts
for the year ended 31 October 2022
GALLERY 1608 LTD
Unaudited accounts
Contents
GALLERY 1608 LTD
Company Information
for the year ended 31 October 2022
Director
Mr Ian Bickerstaff
Company Number
NI641790 (Northern Ireland)
Registered Office
66 Castle View Park
Portrush
Antrim
BT56 8AS
Northern Ireland
Accountants
Kevin & Margaret Duffin T/A KMD Accountancy
Ardmalin
15 Inishowen Park
Portstewart
Londonderry
BT55 7BQ
GALLERY 1608 LTD
Statement of financial position
as at 31 October 2022
Tangible assets
2,179
2,724
Cash at bank and in hand
1,280
91,140
Creditors: amounts falling due within one year
(112,973)
(74,678)
Net current (liabilities)/assets
(25,143)
79,589
Total assets less current liabilities
(22,964)
82,313
Creditors: amounts falling due after more than one year
(26,666)
(35,833)
Net (liabilities)/assets
(49,630)
46,480
Called up share capital
100
100
Profit and loss account
(49,730)
46,380
Shareholders' funds
(49,630)
46,480
For the year ending 31 October 2022 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 director acknowledges his 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 and authorised for issue on 31 October 2023 and were signed on its behalf by
Mr Ian Bickerstaff
Director
Company Registration No. NI641790
GALLERY 1608 LTD
Notes to the Accounts
for the year ended 31 October 2022
GALLERY 1608 LTD is a private company, limited by shares, registered in Northern Ireland, registration number NI641790. The registered office is 66 Castle View Park, Portrush, Antrim, BT56 8AS, Northern Ireland.
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:
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2021
4,736
2,400
7,136
At 31 October 2022
4,736
2,400
7,136
At 1 November 2021
2,798
1,614
4,412
Charge for the year
388
157
545
At 31 October 2022
3,186
1,771
4,957
At 31 October 2022
1,550
629
2,179
At 31 October 2021
1,938
786
2,724
GALLERY 1608 LTD
Notes to the Accounts
for the year ended 31 October 2022
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Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
10,000
10,000
Taxes and social security
8,267
10,478
Other creditors
43,872
26,800
Loans from directors
-
11,250
6
Creditors: amounts falling due after more than one year
2022
2021
7
Average number of employees
During the year the average number of employees was 2 (2021: 2).