Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3112023-04-01falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03341414 2023-04-01 2024-03-31 03341414 2022-04-01 2023-03-31 03341414 2024-03-31 03341414 2023-03-31 03341414 c:Director1 2023-04-01 2024-03-31 03341414 d:PlantMachinery 2023-04-01 2024-03-31 03341414 d:PlantMachinery 2024-03-31 03341414 d:PlantMachinery 2023-03-31 03341414 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03341414 d:CurrentFinancialInstruments 2024-03-31 03341414 d:CurrentFinancialInstruments 2023-03-31 03341414 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03341414 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03341414 d:ShareCapital 2024-03-31 03341414 d:ShareCapital 2023-03-31 03341414 d:RetainedEarningsAccumulatedLosses 2024-03-31 03341414 d:RetainedEarningsAccumulatedLosses 2023-03-31 03341414 c:FRS102 2023-04-01 2024-03-31 03341414 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03341414 c:FullAccounts 2023-04-01 2024-03-31 03341414 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 03341414









SIXTY 6 (GALLERY) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
SIXTY 6 (GALLERY) LIMITED
REGISTERED NUMBER: 03341414

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
2,450
562

  
2,450
562

Current assets
  

Stocks
  
76,750
64,647

Debtors: amounts falling due within one year
 5 
30,719
6,497

Cash at bank and in hand
  
19,687
58,101

  
127,156
129,245

Creditors: amounts falling due within one year
 6 
(34,204)
(49,598)

Net current assets
  
 
 
92,952
 
 
79,647

Total assets less current liabilities
  
95,402
80,209

  

Net assets
  
95,402
80,209


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
94,402
79,209

  
95,402
80,209


Page 1

 
SIXTY 6 (GALLERY) LIMITED
REGISTERED NUMBER: 03341414
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers 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 director acknowledges her 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 statement of income and retained earnings 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 30 October 2024.

J I Collins
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SIXTY 6 (GALLERY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Sixty 6 (Gallery) Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 124 Finchley Road, London NW3 5JS and its principal place of business is at 17 Bulstrode Street, London W1U 2JH.

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

Revenue

The company operates as a retail shop selling ladieswear. Turnover comprises shop takings stated net of value added tax and is recognised at the point of sale.

 
2.3

Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the statement of income and retained earnings. The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the United Kingdom.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Furniture, fixtures and equipment
-
20%
per annum on the reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
SIXTY 6 (GALLERY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price. Cost is the purchase price for the stock. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price and the impairment loss is recognised immediately in the Statement of Income and Retained Earnings.

 
2.6

Debtors

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

 
2.7

Cash

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

 
2.8

Creditors

Short term creditors are measured at the transaction price. 

 
2.9

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 and loans to/from related parties. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
SIXTY 6 (GALLERY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Furniture, fixtures and equipment

£



Cost or valuation


At 1 April 2023
4,922


Additions
2,500



At 31 March 2024

7,422



Depreciation


At 1 April 2023
4,360


Charge for the year on owned assets
612



At 31 March 2024

4,972



Net book value



At 31 March 2024
2,450



At 31 March 2023
562

Page 5

 
SIXTY 6 (GALLERY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Other debtors
29,507
5,337

Prepayments
1,212
1,160

30,719
6,497



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
27,538
40,756

Corporation tax
3,143
3,853

Other taxation and social security
1,854
2,622

Accruals
1,669
2,367

34,204
49,598



7.


Related party transactions

At 31 March 2024 the director owed the company £29,507 (2023 : £5,337).
The loan was repaid after the year end.
Interest was charged on the loan at a commercial rate.

 
Page 6