Company Registration No. 08505718 (England and Wales)
Galla Trading Limited
Unaudited accounts
for the year ended 30 April 2024
Galla Trading Limited
Statement of financial position
as at 30 April 2024
Tangible assets
29,001
1,690
Inventories
177,297
214,558
Cash at bank and in hand
329,256
413,145
Creditors: amounts falling due within one year
(130,008)
(173,652)
Net current assets
490,328
516,149
Net assets
519,329
517,839
Called up share capital
100
100
Profit and loss account
519,229
517,739
Shareholders' funds
519,329
517,839
For the year ending 30 April 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 January 2025 and were signed on its behalf by
Amar Galla
Director
Company Registration No. 08505718
Galla Trading Limited
Notes to the Accounts
for the year ended 30 April 2024
Galla Trading Limited is a private company, limited by shares, registered in England and Wales, registration number 08505718. The registered office is UNIT 13, REDHILL 23 BUSINESS PARK, REDHILL, RH1 2GD, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
R.B 25%
Computer equipment
S.L 33%
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
-
15,954
10,412
26,366
Additions
35,001
623
-
35,624
At 30 April 2024
35,001
16,577
10,412
61,990
At 1 May 2023
-
15,245
9,431
24,676
Charge for the year
7,000
333
980
8,313
At 30 April 2024
7,000
15,578
10,411
32,989
At 30 April 2024
28,001
999
1
29,001
At 30 April 2023
-
709
981
1,690
Galla Trading Limited
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Accrued income and prepayments
16,674
15,095
Other debtors
15,402
15,202
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,837
23,509
Trade creditors
113,579
138,092
Other creditors
9,599
8,094
Loans from directors
3,993
3,957
7
Average number of employees
During the year the average number of employees was 10 (2023: 10).