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Company Registration No. 03579253 (England and Wales)
Gala Group Ltd Unaudited accounts for the year ended 30 June 2024
Gala Group Ltd Unaudited accounts Contents
Page
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Gala Group Ltd Company Information for the year ended 30 June 2024
Directors
Andrew David Lindsay Beata Helena Romanowski
Company Number
03579253 (England and Wales)
Registered Office
Gala Group Ltd 25 Stamford Brook Road London London W6 0XJ England
Accountants
Peacock Accountants Ltd 71-75 Shelton Street Covent Garden London England WC2H 9JQ
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Gala Group Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
50,000 
55,000 
Tangible assets
4,454 
2,218 
54,454 
57,218 
Current assets
Debtors
720 
2,780 
Cash at bank and in hand
141 
785 
861 
3,565 
Creditors: amounts falling due within one year
(410,034)
(378,466)
Net current liabilities
(409,173)
(374,901)
Net liabilities
(354,719)
(317,683)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(354,721)
(317,685)
Shareholders' funds
(354,719)
(317,683)
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 7 March 2025 and were signed on its behalf by
Andrew David Lindsay Director Company Registration No. 03579253
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Gala Group Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Gala Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 03579253. The registered office is Gala Group Ltd, 25 Stamford Brook Road, London, London, W6 0XJ, England.
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:
Plant & machinery
15%
Fixtures & fittings
25%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2023
60,000 
At 30 June 2024
60,000 
Amortisation
At 1 July 2023
5,000 
Charge for the year
5,000 
At 30 June 2024
10,000 
Net book value
At 30 June 2024
50,000 
At 30 June 2023
55,000 
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Gala Group Ltd Notes to the Accounts for the year ended 30 June 2024
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
2,000 
960 
2,960 
Additions
117 
2,927 
3,044 
At 30 June 2024
2,117 
3,887 
6,004 
Depreciation
At 1 July 2023
678 
64 
742 
Charge for the year
202 
606 
808 
At 30 June 2024
880 
670 
1,550 
Net book value
At 30 June 2024
1,237 
3,217 
4,454 
At 30 June 2023
1,322 
896 
2,218 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
720 
2,780 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,266 
655 
VAT
(2,390)
1,410 
Trade creditors
1,188 
361 
Loans from directors
405,265 
372,175 
Accruals
4,705 
3,865 
410,034 
378,466 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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