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REGISTERED NUMBER: 03687304 (England and Wales)
























GALLOWAY TECHNOLOGIES LIMITED
TRADING AS
MIKADO COMPUTER SUPPORT AND TUITION

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






GALLOWAY TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03687304)
TRADING AS MIKADO COMPUTER SUPPORT AND TUITION






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GALLOWAY TECHNOLOGIES LIMITED
TRADING AS MIKADO COMPUTER SUPPORT AND TUITION

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: M J Lane
Mrs D Lane



SECRETARY: Mrs D Lane



REGISTERED OFFICE: 87 North Road
Poole
Dorset
BH14 0LT



REGISTERED NUMBER: 03687304 (England and Wales)



ACCOUNTANTS: Sau Kee Li CTA ATT
87 North Road
Parkstone
Poole
Dorset
BH14 0LT



BANKERS: HSBC
The Square
Wimborne
Dorset
BH21 1JF

GALLOWAY TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03687304)
TRADING AS MIKADO COMPUTER SUPPORT AND TUITION

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,216 4,216

CURRENT ASSETS
Debtors 5 1,078 2,482
Cash at bank and in hand 2,398 2,333
3,476 4,815
CREDITORS
Amounts falling due within one year 6 3,961 8,360
NET CURRENT LIABILITIES (485 ) (3,545 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,731

671

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,631 571
SHAREHOLDERS' FUNDS 3,731 671

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by:





M J Lane - Director


GALLOWAY TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03687304)
TRADING AS MIKADO COMPUTER SUPPORT AND TUITION

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Galloway Technologies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

GALLOWAY TECHNOLOGIES LIMITED (REGISTERED NUMBER: 03687304)
TRADING AS MIKADO COMPUTER SUPPORT AND TUITION

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 720 7,495 8,215
DEPRECIATION
At 1 January 2024
and 31 December 2024 720 3,279 3,999
NET BOOK VALUE
At 31 December 2024 - 4,216 4,216
At 31 December 2023 - 4,216 4,216

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,078 2,482

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 431 623
Taxation and social security 1,100 1,720
Other creditors 2,430 6,017
3,961 8,360