GALINO LIMITED

Company Registration Number:
SC074791 (Scotland)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

GALINO LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

GALINO LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 990,277 1,015,528
Investments: 4 858,720 858,720
Total fixed assets: 1,848,997 1,874,248
Current assets
Stocks: 716,910 962,997
Debtors:   443,199 534,787
Cash at bank and in hand: 41,511 19,677
Total current assets: 1,201,620 1,517,461
Creditors: amounts falling due within one year:   (592,372) (899,400)
Net current assets (liabilities): 609,248 618,061
Total assets less current liabilities: 2,458,245 2,492,309
Creditors: amounts falling due after more than one year:   (222,139) (243,834)
Total net assets (liabilities): 2,236,106 2,248,475
Capital and reserves
Called up share capital: 90 100
Revaluation reserve:5700,549700,549
Profit and loss account: 1,535,467 1,547,826
Shareholders funds: 2,236,106 2,248,475

The notes form part of these financial statements

GALINO LIMITED

Balance sheet statements

For the year ending 31 December 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 August 2024
and signed on behalf of the board by:

Name: P Rose
Status: Director

The notes form part of these financial statements

GALINO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 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

GALINO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 11 11

GALINO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 1,192,553
At 31 December 2023 1,192,553
Depreciation
At 01 January 2023 177,025
Charge for year 25,251
At 31 December 2023 202,276
Net book value
At 31 December 2023 990,277
At 31 December 2022 1,015,528

GALINO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Fixed investments

858720

GALINO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Revaluation reserve

2023
£
Balance at 01 January 2023 700,549
Surplus or deficit after revaluation 0
Balance at 31 December 2023 700,549