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
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
Gala Group Ltd
Statement of financial position
as at 30 June 2024
Intangible assets
50,000
55,000
Tangible assets
4,454
2,218
Cash at bank and in hand
141
785
Creditors: amounts falling due within one year
(410,034)
(378,466)
Net current liabilities
(409,173)
(374,901)
Net liabilities
(354,719)
(317,683)
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
Gala Group Ltd
Notes to the Accounts
for the year ended 30 June 2024
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.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
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
At 30 June 2024
2,117
3,887
6,004
Charge for the year
202
606
808
At 30 June 2024
880
670
1,550
At 30 June 2024
1,237
3,217
4,454
At 30 June 2023
1,322
896
2,218
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,266
655
Loans from directors
405,265
372,175
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).