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REGISTERED NUMBER: 13189715 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Gallus Online Ltd

Gallus Online Ltd (Registered number: 13189715)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gallus Online Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M D Hutchinson
M A Hutchinson
G J Nourse





SECRETARY: M D Hutchinson





REGISTERED OFFICE: Suite 1, 7th Floor
50 Broadway
London
SW1H 0BL





REGISTERED NUMBER: 13189715 (England and Wales)





ACCOUNTANTS: A & S Business Services Limited
Ellisford
Kirkcudbright
DG6 4TB

Gallus Online Ltd (Registered number: 13189715)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,253 32,013
Tangible assets 5 30,024 14,089
Investments 6 68,719 -
111,996 46,102

CURRENT ASSETS
Stocks 522,939 207,264
Debtors 7 357,437 275,872
Cash at bank 149,847 91,802
1,030,223 574,938
CREDITORS
Amounts falling due within one year 8 801,073 543,960
NET CURRENT ASSETS 229,150 30,978
TOTAL ASSETS LESS CURRENT
LIABILITIES

341,146

77,080

CAPITAL AND RESERVES
Called up share capital 400,000 400,000
Retained earnings (58,854 ) (322,920 )
341,146 77,080

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Gallus Online Ltd (Registered number: 13189715)

Balance Sheet - continued
31 December 2023


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





M D Hutchinson - Director


Gallus Online Ltd (Registered number: 13189715)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Gallus Online Ltd 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 preparing the financial statements
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Gallus Online Ltd (Registered number: 13189715)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 58,088
Additions 750
At 31 December 2023 58,838
AMORTISATION
At 1 January 2023 26,075
Charge for year 19,510
At 31 December 2023 45,585
NET BOOK VALUE
At 31 December 2023 13,253
At 31 December 2022 32,013

Gallus Online Ltd (Registered number: 13189715)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 23,389
Additions 25,729
At 31 December 2023 49,118
DEPRECIATION
At 1 January 2023 9,300
Charge for year 9,794
At 31 December 2023 19,094
NET BOOK VALUE
At 31 December 2023 30,024
At 31 December 2022 14,089

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 68,719
At 31 December 2023 68,719
NET BOOK VALUE
At 31 December 2023 68,719

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 292,493 177,001
Amounts owed by group undertakings 25,033 -
Other debtors 39,911 98,871
357,437 275,872

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 303,684 164,181
Taxation and social security 296,728 178,981
Other creditors 200,661 200,798
801,073 543,960

Gallus Online Ltd (Registered number: 13189715)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 24,000 -
Between one and five years 8,000 -
32,000 -