Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3122023-01-01truefalse2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01478971 2023-01-01 2023-12-31 01478971 2022-01-01 2022-12-31 01478971 2023-12-31 01478971 2022-12-31 01478971 c:Director1 2023-01-01 2023-12-31 01478971 d:CurrentFinancialInstruments 2023-12-31 01478971 d:CurrentFinancialInstruments 2022-12-31 01478971 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 01478971 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 01478971 d:ShareCapital 2023-12-31 01478971 d:ShareCapital 2022-12-31 01478971 d:SharePremium 2023-12-31 01478971 d:SharePremium 2022-12-31 01478971 d:RetainedEarningsAccumulatedLosses 2023-12-31 01478971 d:RetainedEarningsAccumulatedLosses 2022-12-31 01478971 c:OrdinaryShareClass1 2023-01-01 2023-12-31 01478971 c:OrdinaryShareClass1 2023-12-31 01478971 c:FRS102 2023-01-01 2023-12-31 01478971 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01478971 c:FullAccounts 2023-01-01 2023-12-31 01478971 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01478971 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 01478971














DANIEL GALVIN PRODUCT DIVISION LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
DANIEL GALVIN PRODUCT DIVISION LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 5


 
DANIEL GALVIN PRODUCT DIVISION LIMITED
REGISTERED NUMBER:01478971

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
140,458
126,287

Cash at bank and in hand
 5 
79,103
86,083

  
219,561
212,370

Creditors: amounts falling due within one year
 6 
(62,921)
(62,814)

Net current assets
  
 
 
156,640
 
 
149,556

Total assets less current liabilities
  
156,640
149,556

  

Net assets
  
156,640
149,556


Capital and reserves
  

Called up share capital 
 7 
120
120

Share premium account
  
9,994
9,994

Profit and loss account
  
146,526
139,442

  
156,640
149,556


1

 
DANIEL GALVIN PRODUCT DIVISION LIMITED
REGISTERED NUMBER:01478971
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 August 2024.




D W J Galvin
Director

2

 
DANIEL GALVIN PRODUCT DIVISION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Daniel Galvin Product Division Limited is a private company, limited by shares, domiciled in England and Wales, registration number 01478971. The registered office is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company continued to be the wholesale and retail of hairdressing products and the provision of consultancy services in respect of hairdressing products.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.4

Debtors

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

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

3

 
DANIEL GALVIN PRODUCT DIVISION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Debtors

2023
2022
£
£


Other debtors
61,158
61,134

Prepayments and accrued income
79,300
65,153

140,458
126,287



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank
79,103
86,083



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
1,661
1,838

Other creditors
56,609
56,466

Accruals and deferred income
4,651
4,510

62,921
62,814


4

 
DANIEL GALVIN PRODUCT DIVISION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



120 Ordinary of £1.00 each
120
120


 
5