Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-3033The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activityfalse2023-07-01falsetruefalse 05843635 2023-07-01 2024-06-30 05843635 2022-07-01 2023-06-30 05843635 2024-06-30 05843635 2023-06-30 05843635 c:Director1 2023-07-01 2024-06-30 05843635 c:Director3 2023-07-01 2024-06-30 05843635 d:CurrentFinancialInstruments 2024-06-30 05843635 d:CurrentFinancialInstruments 2023-06-30 05843635 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 05843635 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05843635 d:ShareCapital 2024-06-30 05843635 d:ShareCapital 2023-06-30 05843635 d:RetainedEarningsAccumulatedLosses 2024-06-30 05843635 d:RetainedEarningsAccumulatedLosses 2023-06-30 05843635 c:FRS102 2023-07-01 2024-06-30 05843635 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05843635 c:AbridgedAccounts 2023-07-01 2024-06-30 05843635 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05843635 2 2023-07-01 2024-06-30 05843635 6 2023-07-01 2024-06-30 05843635 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 05843635









GALESWOOD LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
GALESWOOD LIMITED
REGISTERED NUMBER: 05843635

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
531,670
531,670

  
531,670
531,670

Current assets
  

Debtors: amounts falling due within one year
 5 
156,771
220,271

Cash at bank and in hand
 6 
1,061,986
989,410

  
1,218,757
1,209,681

Creditors: amounts falling due within one year
 7 
(64,179)
(71,230)

Net current assets
  
 
 
1,154,578
 
 
1,138,451

Total assets less current liabilities
  
1,686,248
1,670,121

  

Net assets
  
1,686,248
1,670,121


Capital and reserves
  

Called up share capital 
  
899,796
899,796

Profit and loss account
  
786,452
770,325

  
1,686,248
1,670,121


Page 1

 
GALESWOOD LIMITED
REGISTERED NUMBER: 05843635
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider 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 directors acknowledge their 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 comprehensive income 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 by: 




................................................
A J Gibson
................................................
T K Gibson
Director
Director


Date: 27 January 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
GALESWOOD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Galeswood Limited is a company limited by shares registered in England and Wales. The registered office of the company is C/O Hillier Hopkins LLP, First Floor, Radius House, 51 Clarendon Road, Watford, Hertfordshire, United Kingdom, WD17 1HP.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
GALESWOOD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

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 3 (2023 - 3).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2023
531,670



At 30 June 2024
531,670





5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
156,771
220,271

156,771
220,271


Page 4

 
GALESWOOD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,061,986
989,410

1,061,986
989,410



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
4,179
1,230

Other creditors
60,000
70,000

64,179
71,230


 
Page 5