2023-06-012024-05-312024-05-31false09649681The Harbour Gallery 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The Harbour Gallery Ltd

Registered Number
09649681
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

The Harbour Gallery Ltd
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

M D Hatwood

Registered Address

St Denys House
22 East Hill
St. Austell
PL25 4TR

Registered Number

09649681 (England and Wales)
The Harbour Gallery Ltd
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,5672,090
1,5672,090
Current assets
Debtors14,54013,950
Cash at bank and on hand28,17317,325
42,71331,275
Creditors amounts falling due within one year4(31,846)(16,735)
Net current assets (liabilities)10,86714,540
Total assets less current liabilities12,43416,630
Net assets12,43416,630
Capital and reserves
Called up share capital33
Profit and loss account12,43116,627
Shareholders' funds12,43416,630
The financial statements were approved and authorised for issue by the Director on 24 February 2025, and are signed on its behalf by:
M D Hatwood
Director
Registered Company No. 09649681
The Harbour Gallery Ltd
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The Harbour Gallery Ltd is a private company, limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings25
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year55
3.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 June 237,9657,965
At 31 May 247,9657,965
Depreciation and impairment
At 01 June 235,8755,875
Charge for year523523
At 31 May 246,3986,398
Net book value
At 31 May 241,5671,567
At 31 May 232,0902,090
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables20,3505,587
Taxation and social security4,6118,385
Payments received on account160-
Other creditors4,139118
Accrued liabilities and deferred income2,5862,645
Total31,84616,735
Included within Other creditors are the amounts due to the directors of £4,139 (2023 £118)