Company registration number 13960027 (England and Wales)
BYE BYE GALLERY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
BYE BYE GALLERY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2
BYE BYE GALLERY LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
Notes
£
£
Current assets
Cash at bank and in hand
1,992
Creditors: amounts falling due within one year
(2,550)
Net current liabilities
(558)
Capital and reserves
Called up share capital
100
Profit and loss reserves
(658)
Total equity
(558)

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Period ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her 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 Period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 30 November 2023
Ms LJ P Touroul
Director
Company registration number 13960027 (England and Wales)
BYE BYE GALLERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information

Bye Bye Gallery Limited is a private company limited by shares incorporated in England and Wales. The registered office is Studio 133, Canalot Studios, 222 Kensal Road, London, W10 5BN.

1.1
Reporting period

Bye Bye Gallery Ltd was incorporated on 7th March 2022 and the first year accounts are prepared to the period ended 31st March 2023

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2023
Number
Total
-
0
2023-03-312022-03-07falseCCH SoftwareCCH Accounts Production 2023.200No description of principal activityMs L J P Touroul139600272022-03-072023-03-31139600272023-03-3113960027core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3113960027core:ShareCapital2023-03-3113960027core:RetainedEarningsAccumulatedLosses2023-03-3113960027bus:Director12022-03-072023-03-3113960027bus:PrivateLimitedCompanyLtd2022-03-072023-03-3113960027bus:SmallCompaniesRegimeForAccounts2022-03-072023-03-3113960027bus:FRS1022022-03-072023-03-3113960027bus:AuditExempt-NoAccountantsReport2022-03-072023-03-3113960027bus:FullAccounts2022-03-072023-03-31xbrli:purexbrli:sharesiso4217:GBP