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Columbia Road Gallery Ltd
Registered Number:05437956
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Columbia Road Gallery Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
05437956
As at 31 March 2024
Columbia Road Gallery Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
1,275
602
2
1,275
602
Current assets
Inventories
7,560
5,060
3
Trade and other receivables
5,855
6,185
4
73,086
Cash and cash equivalents
85,210
96,455
86,501
Trade and other payables: amounts falling due within one
year
(45,775)
(74,443)
5
40,726
22,012
Net current assets
Total assets less current liabilities
23,287
41,328
Trade and other payables: amounts falling due after more
than one year
(16,916)
(9,915)
6
(243)
(115)
Provisions for liabilities
13,129
Net assets
24,297
Capital and reserves
Called up share capital
1
1
Retained earnings
13,128
24,296
13,129
24,297
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
05437956
For the year ended 31 March 2024
Columbia Road Gallery Ltd
Statement of Financial Position Continued
H Ludnow Director
These financial statements were approved and authorised for issue by the Board on 26 December 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 March 2024
Columbia Road Gallery Ltd
Notes to the Financial Statements
Statutory Information
Columbia Road Gallery Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 05437956.
Registered address:
24 Elmfield Avenue
London
N8 8QG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents amounts receivable for goods net of artist commissions and Value Added Tax.
Property, plant and equipment
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated towrite off the cost less estimated residual value of each asset over its expected useful life, as follows:
25% Straight line
Computer Equipment
25% Straight line
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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6
For the year ended 31 March 2024
Columbia Road Gallery Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
£
£
£
Cost or
valuation
At 01 April 2023
10,177
5,926
4,251
1,165
-
1,165
Additions
At 31 March 2024
5,416
5,926
11,342
Provision for depreciation and impairment
At 01 April 2023
9,575
5,324
4,251
Charge for year
492
201
291
At 31 March 2024
10,067
5,525
4,542
At 31 March 2024
Net book value
874
401
1,275
At 31 March 2023
-
602
602
3. Inventories
2023
2024
£
£
Stocks
5,060
7,560
4. Trade and other receivables
2023
2024
£
£
Other debtors
6,185
5,855
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
7,000
7,000
Taxation and social security
10,647
11,763
Other creditors
56,796
27,012
74,443
45,775
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7
For the year ended 31 March 2024
Columbia Road Gallery Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
9,915
16,916
7. Guarantees and other financial commitments
Lease commitments
At 31 March 2024 the company had annual commitments under non-cancellable operating leases as set out below:
2023
£
2024
£
Operating leases which expire:
13,320
3,000
Within 1 year
-
15,540
Within 2 to 5 years
28,860
3,000
8. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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