IRIS Accounts Production v23.3.0.418 06714182 director 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh067141822022-03-31067141822023-03-31067141822022-04-012023-03-31067141822021-03-31067141822021-04-012022-03-31067141822022-03-3106714182ns10:Originalns15:EnglandWales2022-04-012023-03-3106714182ns14:PoundSterlingns10:Original2022-04-012023-03-3106714182ns10:Originalns10:Director12022-04-012023-03-3106714182ns10:Original2022-04-012023-03-3106714182ns10:Original2023-03-3106714182ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3106714182ns10:Originalns10:SmallEntities2022-04-012023-03-3106714182ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3106714182ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3106714182ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3106714182ns10:Originalns10:FullAccounts2022-04-012023-03-3106714182ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3106714182ns10:Originalns10:RegisteredOffice2022-04-012023-03-3106714182ns10:Original2022-03-3106714182ns10:Originalns5:CurrentFinancialInstruments2023-03-3106714182ns10:Originalns5:CurrentFinancialInstruments2022-03-3106714182ns5:ShareCapitalns10:Original2023-03-3106714182ns5:ShareCapitalns10:Original2022-03-3106714182ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3106714182ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3106714182ns10:Original2021-04-012022-03-3106714182ns10:Originalns5:ComputerEquipment2022-03-3106714182ns10:Originalns5:ComputerEquipment2022-04-012023-03-3106714182ns10:Originalns5:ComputerEquipment2023-03-3106714182ns10:Originalns5:ComputerEquipment2022-03-3106714182ns10:Originalns10:OrdinaryShareClass12023-03-3106714182ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3106714182ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 06714182 (England and Wales)










Financial Statements

for the Year Ended 31 March 2023

for

Galactic Warehouse Limited

Galactic Warehouse Limited (Registered number: 06714182)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Galactic Warehouse Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: D R Hall





REGISTERED OFFICE: Ward Mackenzie Ltd
Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS





REGISTERED NUMBER: 06714182 (England and Wales)





ACCOUNTANTS: Ward Mackenzie Ltd
Chartered Accountants
Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS

Galactic Warehouse Limited (Registered number: 06714182)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 55 73

CURRENT ASSETS
Stocks 6 50,104 50,314
Cash at bank 2,919 6,740
53,023 57,054
CREDITORS
Amounts falling due within one year 7 (45,471 ) (47,228 )
NET CURRENT ASSETS 7,552 9,826
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,607

9,899

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 7,507 9,799
SHAREHOLDERS' FUNDS 7,607 9,899

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2023 and were signed by:





D R Hall - Director


Galactic Warehouse Limited (Registered number: 06714182)

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

1. STATUTORY INFORMATION

Galactic Warehouse Limited 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. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

3. ACCOUNTING POLICIES

BASIS OF PREPARATION
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentational currency is pound sterling.

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 ASSETS
Computer equipment - 25% on Reducing balance method

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

DEFERRED TAX
Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date as these are considered immaterial.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022
and 31 March 2023 545
DEPRECIATION
At 1 April 2022 472
Charge for year 18
At 31 March 2023 490
NET BOOK VALUE
At 31 March 2023 55
At 31 March 2022 73

Galactic Warehouse Limited (Registered number: 06714182)

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

6. STOCKS
2023 2022
£    £   
Stocks 50,104 50,314

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 19
Other creditors (133 ) 13
Directors' current accounts 43,994 45,659
Accrued expenses 1,610 1,537
45,471 47,228

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2022 9,799
Deficit for the year (2,292 )
At 31 March 2023 7,507

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D R Hall.