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REGISTERED NUMBER: 02295343 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

GALEWEST LIMITED

GALEWEST LIMITED (REGISTERED NUMBER: 02295343)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GALEWEST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: Mr R. Bean



REGISTERED OFFICE: 86 St Marys Row
Moseley
Birmingham
West Midlands
B13 9EF



REGISTERED NUMBER: 02295343 (England and Wales)



ACCOUNTANTS: Michael Heaven & Associates Limited
Chartered Certified Accountants
47 Calthorpe Road
Edgbaston
BIRMINGHAM
B15 1TH



INCORPORATED: 13th September 1988

GALEWEST LIMITED (REGISTERED NUMBER: 02295343)

ABRIDGED BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,447 1,447

CURRENT ASSETS
Debtors 6,941 6,618
Cash at bank 2,495 1,068
9,436 7,686
CREDITORS
Amounts falling due within one year 6,375 6,299
NET CURRENT ASSETS 3,061 1,387
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,508

2,834

CAPITAL AND RESERVES
Called up share capital 5 5 5
Reserve fund 1,000 -
Retained earnings 3,503 2,829
SHAREHOLDERS' FUNDS 4,508 2,834

GALEWEST LIMITED (REGISTERED NUMBER: 02295343)

ABRIDGED BALANCE SHEET - continued
31ST MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15th August 2024 and were signed by:





Mr R. Bean - Director


GALEWEST LIMITED (REGISTERED NUMBER: 02295343)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Galewest Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparation
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced value of service charges.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans from related parties.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2023
and 31st March 2024 1,447
NET BOOK VALUE
At 31st March 2024 1,447
At 31st March 2023 1,447

GALEWEST LIMITED (REGISTERED NUMBER: 02295343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


4. TANGIBLE FIXED ASSETS - continued

The tangible fixed asset is included at cost and is the freehold of:

75 School Road
Moseley
Birmingham
West Midlands
B13 9TF

The directors of the company are of the opinion that no depreciation should be charged due to the fact that the residual value of the property is greater than the cost.

5. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
5 Ordinary £1 5 5