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REGISTERED NUMBER: 06815198 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

GALEFORCE TV LTD

GALEFORCE TV LTD (REGISTERED NUMBER: 06815198)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GALEFORCE TV LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Ms Z J Dobson
A Gales





SECRETARY: A Gales





REGISTERED OFFICE: 21 Cranmer Avenue
London
W13 9SH





REGISTERED NUMBER: 06815198 (England and Wales)





ACCOUNTANTS: Edwards Chartered Accountants
409-411 Croydon Road
Beckenham
Kent
BR3 3PP

GALEFORCE TV LTD (REGISTERED NUMBER: 06815198)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,852 10,265

CURRENT ASSETS
Debtors 5 96,453 50,325
Cash at bank 59,133 100,002
155,586 150,327
CREDITORS
Amounts falling due within one year 6 50,334 112,025
NET CURRENT ASSETS 105,252 38,302
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,104

48,567

PROVISIONS FOR LIABILITIES 1,466 1,950
NET ASSETS 114,638 46,617

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 114,636 46,615
114,638 46,617

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GALEFORCE TV LTD (REGISTERED NUMBER: 06815198)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 Board of Directors and authorised for issue on 24 March 2023 and were signed on its behalf by:





A Gales - Director


GALEFORCE TV LTD (REGISTERED NUMBER: 06815198)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Galeforce Tv 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.
Freehold property - 25% on cost
Fixtures and fittings - 25% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

GALEFORCE TV LTD (REGISTERED NUMBER: 06815198)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 March 2022 15,333 15,663 30,996
Additions - 7,557 7,557
Disposals - (4,510 ) (4,510 )
At 28 February 2023 15,333 18,710 34,043
DEPRECIATION
At 1 March 2022 15,333 5,398 20,731
Charge for year - 6,970 6,970
Eliminated on disposal - (4,510 ) (4,510 )
At 28 February 2023 15,333 7,858 23,191
NET BOOK VALUE
At 28 February 2023 - 10,852 10,852
At 28 February 2022 - 10,265 10,265

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 96,453 50,325

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 44,483
Taxation and social security 47,945 65,598
Other creditors 2,389 1,944
50,334 112,025

7. TRANSACTIONS WITH DIRECTORS

During the year, the company voted dividends of £62,700 to each director.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors, jointly.