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Registered Number: 09714784
England and Wales

 

 

 

GALAXY COMMUNICATIONS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 August 2022

End date: 31 July 2023
 
 
Notes
 
2023
£
  2022
£
Current assets      
Stocks 15,550    23,800 
Debtors: amounts falling due within one year 5,924    5,237 
Cash at bank and in hand 37,667    62,224 
59,141    91,261 
Creditors: amount falling due within one year (4,180)   (26,818)
Net current assets 54,961    64,443 
 
Total assets less current liabilities 54,961    64,443 
Creditors: amount falling due after more than one year (37,500)   (47,501)
Net assets 17,461    16,942 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 17,361    16,842 
Shareholder's funds 17,461    16,942 
 


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

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 24 April 2024 and were signed by:


-------------------------------
Hyder MOHAMMED
Director
1
General Information
GALAXY COMMUNICATIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09714784, registration address 457A ROMFORD ROAD, LONDON, ENGLAND, E7 8AB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 3 (2022 : 4).
2