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Company Registration No. 10707191 (England and Wales)
GALAXY ELECTRICAL LTD Unaudited accounts for the year ended 30 April 2024
GALAXY ELECTRICAL LTD Unaudited accounts Contents
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GALAXY ELECTRICAL LTD Company Information for the year ended 30 April 2024
Director
Syed Abdul Hai Rizvi
Company Number
10707191 (England and Wales)
Registered Office
94 LONG LANE CROYDON CR0 7AP ENGLAND
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GALAXY ELECTRICAL LTD Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,976 
10,945 
Current assets
Debtors
10,418 
6,119 
Cash at bank and in hand
2,511 
480 
12,929 
6,599 
Creditors: amounts falling due within one year
(16,392)
(16,056)
Net current liabilities
(3,463)
(9,457)
Net assets
5,513 
1,488 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
5,512 
1,487 
Shareholders' funds
5,513 
1,488 
For the year ending 30 April 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 September 2024 and were signed on its behalf by
Syed Abdul Hai Rizvi Director Company Registration No. 10707191
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GALAXY ELECTRICAL LTD Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
GALAXY ELECTRICAL LTD is a private company, limited by shares, registered in England and Wales, registration number 10707191. The registered office is 94 LONG LANE, CROYDON, CR0 7AP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
18%
Fixtures & fittings
10%
Computer equipment
18%
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 May 2023
13,347 
At 30 April 2024
13,347 
Depreciation
At 1 May 2023
2,402 
Charge for the year
1,969 
At 30 April 2024
4,371 
Net book value
At 30 April 2024
8,976 
At 30 April 2023
10,945 
5
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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GALAXY ELECTRICAL LTD Notes to the Accounts for the year ended 30 April 2024
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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