Registered number: 11863452

Galactic Digital Ltd
Unaudited Financial Statements
for the year ended 30 June 2023

Statement of Financial Position

as at 30 June 2023

  2023
2022
   
££
 
££
Called up share capital not paid  
  -  
 
  -  
Fixed assets  
  1,024  
 
  1,675  
Current assets  
37,910    
 
63,167    
Prepayments and accrued income  
-    
 
-    
Creditors: amounts falling due within one year  
( 8,232 )  
 
( 11,440 )  
Net current assets (liabilities)  
  29,678  
 
  51,727  
Total assets less current liabilities  
  30,702  
 
  53,402  
Creditors: amounts falling due after more than one year  
  -  
 
  -  
Provisions for liabilities  
  -  
 
  -  
Accruals and deferred income  
  -  
 
  -  
Net assets  
  30,702  
 
  53,402  
   
Capital and reserves  
  30,702  
 
  53,402  

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Footnotes to the Statement of Financial Position

Dare Dandare Folashade Oluwatoyin

1. Arrangements not included in Statement of Financial Position

The company has not entered into any arrangements not shown on the Statement of Financial Position.

2. Average number of employees

The average number of employees in the period was 2.

3. Directors’ benefits: advances, credit and guarantees

Dare Dandare

Included in creditors is an amount due to be paid by the company to one of its directors. The amount is an advance made to the company of £4 by Dare Dandare, a director of the company, on 01/07/2022.

During the accounting year the maximum amount repayable to Dare Dandare was £538

The following conditions are attached to amount payable to Dare Dandare:

  • There is no interest due to be paid on any outstanding amount
  • No fixed date has been set for the amount to be repaid by the company.
Opening balance 01/07/2022 Additional advance Amount repaid Amount written off Amounts waived Interest payable Closing balance 30/06/2023
£ £ £ £ £ £ £
538   ( 31,834 )
( 31,834 )
31,300
31,300  
0 0 0 4  
The Director Folashade Oluwatoyin, has no amount owing to the company at the opening or closing date of the Statement of Financial Position.

4. Guarantees, contingencies and other financial commitments

There are no guarantees, contingencies or other commitments not included in the financial statements.

Statutory Statements

In accordance with section 414(3) of the Companies Act 2006, these accounts have been prepared in accordance with the FRS 105: The Financial Reporting Standard applicable to the Micro-entities Regime for periods commencing on or after 1 January 2016. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

For the year ending 30/06/2023 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 Companies Act 2006 with respect to accounting records and the preparation of accounts

Company information

a) The company is registered in England and Wales

b) Company registration number - 11863452

c) The company is a private company and is limited by shares

d) The companies registered office address is W8a Knoll Business Centre 325-327 Old Shoreham Road, Hove, BN3 7GS, England

e) Company ceased to trade on 30/06/2023



Approved by the board of directors and signed on behalf of the board,

Galactic Digital Ltd
Director Dare Dandare
Date of approval: 19/11/2023
The company was trading for the entire period 2022-07-01 2023-06-30 2023-06-30 Financial, Analytics and Technology services 2023-11-19 2023-11-19