Registered number
08390249
A. GALLA FUNERAL DIRECTORS LTD
Filleted Accounts
29 February 2024
A. GALLA FUNERAL DIRECTORS LTD
Registered number: 08390249
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 21,234 47,827
Current assets
Debtors 4 86,015 68,678
Cash at bank and in hand 36,024 5,830
122,039 74,508
Creditors: amounts falling due within one year 5 10,842 (62,622)
Net current assets 132,881 11,886
Total assets less current liabilities 154,115 59,713
Creditors: amounts falling due after more than one year 6 (22,500) (32,500)
Net assets 131,615 27,213
Capital and reserves
Called up share capital 100 100
Profit and loss account 131,515 27,113
Shareholder's funds 131,615 27,213
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Galla
Director
Approved by the board on 28 November 2024
A. GALLA FUNERAL DIRECTORS LTD
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 18% reducing balance
Motor vehicles 18% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Equipment Motor vehicles Total
£ £ £
Cost
At 1 March 2023 - 95,639 95,639
Additions 951 - 951
Disposals - (22,883) (22,883)
At 29 February 2024 951 72,756 73,707
Depreciation
At 1 March 2023 - 47,812 47,812
Charge for the year 171 4,490 4,661
At 29 February 2024 171 52,302 52,473
Net book value
At 29 February 2024 780 20,454 21,234
At 28 February 2023 - 47,827 47,827
4 Debtors 2024 2023
£ £
Trade debtors 86,015 68,678
5 Creditors: amounts falling due within one year 2024 2023
£ £
Director current account 647 328
Trade creditors - 53,616
Taxation and social security costs (12,569) 7,598
Other creditors 1,080 1,080
(10,842) 62,622
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 22,500 32,500
7 Other information
A. GALLA FUNERAL DIRECTORS LTD is a private company limited by shares and incorporated in England. Its registered office is:
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