GAELFIT LIMITED

Company Registration Number:
NI688120 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 12 May 2022

End date: 31 May 2023

GAELFIT LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

GAELFIT LIMITED

Balance sheet

As at 31 May 2023


Notes

13 months to 31 May 2023


£
Fixed assets
Tangible assets: 3 7,870
Total fixed assets: 7,870
Current assets
Debtors:   2,500
Cash at bank and in hand: 604
Total current assets: 3,104
Net current assets (liabilities): 3,104
Total assets less current liabilities: 10,974
Creditors: amounts falling due after more than one year:   (6,300)
Total net assets (liabilities): 4,674
Capital and reserves
Called up share capital: 100
Profit and loss account: 4,574
Shareholders funds: 4,674

The notes form part of these financial statements

GAELFIT LIMITED

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption 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 the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 09 February 2024
and signed on behalf of the board by:

Name: Mr O McVicker
Status: Director

The notes form part of these financial statements

GAELFIT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life.

GAELFIT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

13 months to 31 May 2023
Average number of employees during the period 0

GAELFIT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible Assets

Total
Cost £
Additions 9,837
At 31 May 2023 9,837
Depreciation
Charge for year 1,967
At 31 May 2023 1,967
Net book value
At 31 May 2023 7,870