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Company Registration No. 11840816 (England and Wales)
Galbo Properties Ltd Unaudited accounts for the year ended 28 February 2023
Galbo Properties Ltd Unaudited accounts Contents
Page
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Galbo Properties Ltd Company Information for the year ended 28 February 2023
Director
A Galbraith
Company Number
11840816 (England and Wales)
Registered Office
C/O O'Meara Fitzmaurice & Co Brimstage Hall Brimstage Road Wirral CH63 6JA
Accountants
O'Meara Fitzmaurice & Co Brimstage Hall Brimstage Road Wirral CH63 6JA
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Galbo Properties Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,140 
3,925 
Current assets
Debtors
84,513 
92,913 
Creditors: amounts falling due within one year
(10,800)
(8,400)
Net current assets
73,713 
84,513 
Total assets less current liabilities
76,853 
88,438 
Creditors: amounts falling due after more than one year
(30,800)
(41,600)
Net assets
46,053 
46,838 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
46,052 
46,837 
Shareholders' funds
46,053 
46,838 
For the year ending 28 February 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 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 29 November 2023 and were signed on its behalf by
A Galbraith Director Company Registration No. 11840816
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Galbo Properties Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Galbo Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 11840816. The registered office is C/O O'Meara Fitzmaurice & Co, Brimstage Hall, Brimstage Road, Wirral, CH63 6JA.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
20% on reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2022
7,665 
At 28 February 2023
7,665 
Depreciation
At 1 March 2022
3,740 
Charge for the year
785 
At 28 February 2023
4,525 
Net book value
At 28 February 2023
3,140 
At 28 February 2022
3,925 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
84,513 
92,913 
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Galbo Properties Ltd Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,800 
8,400 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
30,800 
41,600 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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