CANVAS GALLERIES LIMITED

Company Registration Number:
NI071470 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

CANVAS GALLERIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

CANVAS GALLERIES LIMITED

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 161,036 113,935
Investments:   0 0
Total fixed assets: 161,036 113,935
Current assets
Stocks: 24,770 25,853
Debtors:   22,415 11,434
Cash at bank and in hand: 351 6,451
Investments:   0 0
Total current assets: 47,536 43,738
Creditors: amounts falling due within one year:   (75,873) (92,392)
Net current assets (liabilities): (28,337) (48,654)
Total assets less current liabilities: 132,699 65,281
Creditors: amounts falling due after more than one year:   (42,943) 0
Provision for liabilities: (14,111) (13,259)
Total net assets (liabilities): 75,645 52,022
Capital and reserves
Called up share capital: 2 2
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 75,643 52,020
Shareholders funds: 75,645 52,022

The notes form part of these financial statements

CANVAS GALLERIES LIMITED

Balance sheet statements

For the year ending 31 January 2024 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 30 October 2024
and signed on behalf of the board by:

Name: Mr paul Evans
Status: Director

The notes form part of these financial statements

CANVAS GALLERIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CANVAS GALLERIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 6 5

CANVAS GALLERIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible Assets

Total
Cost £
At 01 February 2023 145,917
Additions 65,234
Disposals 0
Revaluations 0
Transfers 0
At 31 January 2024 211,151
Depreciation
At 01 February 2023 31,982
Charge for year 18,133
On disposals 0
Other adjustments 0
At 31 January 2024 50,115
Net book value
At 31 January 2024 161,036
At 31 January 2023 113,935