Company registration number 05055542 (England and Wales)
GALAHAD TRADING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
GALAHAD TRADING LIMITED
COMPANY INFORMATION
Directors
Mr R Clarke
Mrs S Clarke
Secretary
Mrs S Clarke
Company number
05055542
Registered office
Ramsbury House
Charnham Lane
Hungerford
Berkshire
RG17 0EY
Accountants
PBA Accountants and Business Advisers Ltd
Ramsbury House
Charnham Lane
Hungerford
Berkshire
RG17 0EY
Business address
Endstone Cottage
66 The Square
Chagford
Devon
TQ13 8AE
GALAHAD TRADING LIMITED
CONTENTS
Page
Accountants' report
1
Profit and loss account
2
Balance sheet and notes to the financial statements
3 - 4
GALAHAD TRADING LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF GALAHAD TRADING LIMITED
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Galahad Trading Limited for the year ended 28 February 2023, which comprise the profit and loss account and the balance sheet, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.
This report is made solely to the board of directors of Galahad Trading Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Galahad Trading Limited and state those matters that we have agreed to state to the board of directors of Galahad Trading Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Galahad Trading Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Galahad Trading Limited has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that Galahad Trading Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Galahad Trading Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
PBA Accountants and Business Advisers Ltd
21 November 2023
Certified Chartered Accountants
Ramsbury House
Charnham Lane
Hungerford
Berkshire
RG17 0EY
GALAHAD TRADING LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 2 -
2023
2022
£
£
Turnover
28,669
42,414
Other income
12
3,670
Cost of raw materials and consumables
(5,358)
(13,590)
Staff costs
(1,237)
(9,307)
Depreciation and other amounts written off assets
(1,560)
(1,865)
Other charges
(25,813)
(22,829)
Tax
113
Loss
(5,287)
(1,394)
GALAHAD TRADING LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2023
28 February 2023
- 3 -
2023
2022
£
£
£
£
Fixed assets
4,676
6,235
Current assets
8,519
22,364
Prepayments and accrued income
11
Creditors: amounts falling due within one year
(3,245)
(7,062)
Net current assets
5,274
15,313
Total assets less current liabilities
9,950
21,548
Accruals and deferred income
(2,389)
(1,200)
Net assets
7,561
20,348
Capital and reserves
7,561
20,348
Notes to the financial statements
1
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
1
Galahad Trading Limited is a private company limited by shares incorporated in England and Wales. The registered office is Ramsbury House, Charnham Lane, Hungerford, Berkshire, RG17 0EY.
For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and the provisions applicable to companies subject to the small companies regime.
GALAHAD TRADING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2023
28 February 2023
- 4 -
The financial statements were approved by the board of directors and authorised for issue on 21 November 2023 and are signed on its behalf by:
..............................................
..............................................
Mrs S Clarke
Mr R Clarke
Secretary
Director
Company registration number 05055542 (England and Wales)
GALAHAD TRADING LIMITED
MANAGEMENT INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023
GALAHAD TRADING LIMITED
SCHEDULE OF ADMINISTRATIVE EXPENSES
FOR THE YEAR ENDED 28 FEBRUARY 2023
2023
2022
£
£
Administrative expenses
Staff training
2,435
553
Directors' remuneration
1,237
9,307
Use of home
520
520
Room rent
183
346
Repairs and maintenance
980
767
Insurance
1,325
1,309
Computer running costs
963
995
Hire of equipment
-
328
Motor running expenses
269
1,067
Travelling expenses
8,151
8,363
Subscriptions
1,417
610
Legal and professional fees
943
1,787
Accountancy fees
2,389
(736)
Accountancy services
66
464
Charitable donations
1,122
23
Bank charges
111
782
Bad and doubtful debts
347
41
Printing, postage and stationery
2,153
2,437
Books, periodicals, reference materials
748
1,200
Advertising
35
465
Telephone
675
994
Entertaining
787
230
Sundry expenses
194
164
Depreciation
1,560
1,865
28,610
33,881