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REGISTERED NUMBER: 06082932 (England and Wales)















EASTGALAXY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 26 MARCH 2024






EASTGALAXY LTD (REGISTERED NUMBER: 06082932)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

EASTGALAXY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 26 MARCH 2024







DIRECTOR: M A True





REGISTERED OFFICE: Purfleet Truck Wash
Beacon Hill Industrial Estate
Botany Way
Purfleet
Essex
RM19 1SR





REGISTERED NUMBER: 06082932 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

EASTGALAXY LTD (REGISTERED NUMBER: 06082932)

BALANCE SHEET
26 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 35,844 41,817
Tangible assets 5 416,817 446,576
Investments 6 18,042 18,042
470,703 506,435

CURRENT ASSETS
Debtors 7 468,766 296,788
Cash at bank 20,487 10,282
489,253 307,070
CREDITORS
Amounts falling due within one year 8 (699,616 ) (589,248 )
NET CURRENT LIABILITIES (210,363 ) (282,178 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

260,340

224,257

CREDITORS
Amounts falling due after more than one
year

9

(90,496

)

(128,146

)
NET ASSETS 169,844 96,111

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 169,842 96,109
169,844 96,111

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 26 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 26 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

EASTGALAXY LTD (REGISTERED NUMBER: 06082932)

BALANCE SHEET - continued
26 MARCH 2024


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 director and authorised for issue on 12 November 2024 and were signed by:





M A True - Director


EASTGALAXY LTD (REGISTERED NUMBER: 06082932)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 MARCH 2024

1. STATUTORY INFORMATION

Eastgalaxy 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixture & Fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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.

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 20 (2023 - 15 ) .

EASTGALAXY LTD (REGISTERED NUMBER: 06082932)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 26 MARCH 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 27 March 2023
and 26 March 2024 119,471
AMORTISATION
At 27 March 2023 77,654
Amortisation for year 5,973
At 26 March 2024 83,627
NET BOOK VALUE
At 26 March 2024 35,844
At 26 March 2023 41,817

5. TANGIBLE FIXED ASSETS
Plant and Fixture & Motor Computer
machinery Fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 27 March 2023 884,007 69,161 120,413 4,954 1,078,535
Additions 29,876 42,565 - 1,455 73,896
At 26 March 2024 913,883 111,726 120,413 6,409 1,152,431
DEPRECIATION
At 27 March 2023 525,427 25,927 77,926 2,679 631,959
Charge for year 77,691 17,160 8,497 307 103,655
At 26 March 2024 603,118 43,087 86,423 2,986 735,614
NET BOOK VALUE
At 26 March 2024 310,765 68,639 33,990 3,423 416,817
At 26 March 2023 358,580 43,234 42,487 2,275 446,576

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 27 March 2023
and 26 March 2024 18,042
NET BOOK VALUE
At 26 March 2024 18,042
At 26 March 2023 18,042

EASTGALAXY LTD (REGISTERED NUMBER: 06082932)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 26 MARCH 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 55,391 120,288
Amounts owed by group undertakings 413,375 176,500
468,766 296,788

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 37,650 75,288
Trade creditors 201,184 142,282
Corporation Tax 23,177 16,772
Social security and other taxes 104,821 176,277
Pension Payable 529 406
VAT 22,548 38,653
Sundry creditors 3,167 2,379
Directors' current accounts 196,279 40,641
Accruals and deferred income 110,261 96,550
699,616 589,248

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 90,496 128,146

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
EASTGALAXY LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eastgalaxy Ltd for the year ended 26 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Eastgalaxy Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Eastgalaxy Ltd and state those matters that we have agreed to state to the director of Eastgalaxy Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Eastgalaxy Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Eastgalaxy Ltd. You consider that Eastgalaxy Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Eastgalaxy Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS


12 November 2024