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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
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
29,001 
1,690 
Current assets
Inventories
177,297 
214,558 
Debtors
113,783 
62,098 
Cash at bank and in hand
329,256 
413,145 
620,336 
689,801 
Creditors: amounts falling due within one year
(130,008)
(173,652)
Net current assets
490,328 
516,149 
Net assets
519,329 
517,839 
Capital and reserves
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
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Galla Trading Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 30 April 2024
28,001 
999 
1 
29,001 
At 30 April 2023
- 
709 
981 
1,690 
- 3 -
Galla Trading Limited Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,663 
31,801 
Trade debtors
80,044 
- 
Accrued income and prepayments
16,674 
15,095 
Other debtors
15,402 
15,202 
113,783 
62,098 
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 
130,008 
173,652 
7
Average number of employees
During the year the average number of employees was 10 (2023: 10).
- 4 -