IRIS Accounts Production v24.3.2.46 03949299 Board of Directors Board of Directors 1.7.23 30.6.24 30.6.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh039492992023-06-30039492992024-06-30039492992023-07-012024-06-30039492992022-06-30039492992022-07-012023-06-30039492992023-06-3003949299ns15:EnglandWales2023-07-012024-06-3003949299ns14:PoundSterling2023-07-012024-06-3003949299ns10:Director12023-07-012024-06-3003949299ns10:Director22023-07-012024-06-3003949299ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3003949299ns10:SmallEntities2023-07-012024-06-3003949299ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3003949299ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3003949299ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3003949299ns10:FullAccounts2023-07-012024-06-300394929912023-07-012024-06-3003949299ns10:OrdinaryShareClass12023-07-012024-06-3003949299ns10:CompanySecretary12023-07-012024-06-3003949299ns10:RegisteredOffice2023-07-012024-06-3003949299ns5:CurrentFinancialInstruments2024-06-3003949299ns5:CurrentFinancialInstruments2023-06-3003949299ns5:ShareCapital2024-06-3003949299ns5:ShareCapital2023-06-3003949299ns5:RetainedEarningsAccumulatedLosses2024-06-3003949299ns5:RetainedEarningsAccumulatedLosses2023-06-3003949299ns5:NetGoodwill2023-07-012024-06-3003949299ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3003949299ns5:PlantMachinery2023-07-012024-06-3003949299ns5:MotorVehicles2023-07-012024-06-3003949299ns5:ComputerEquipment2023-07-012024-06-3003949299ns5:NetGoodwill2023-06-3003949299ns5:NetGoodwill2024-06-3003949299ns5:NetGoodwill2023-06-3003949299ns5:PlantMachinery2023-06-3003949299ns5:MotorVehicles2023-06-3003949299ns5:ComputerEquipment2023-06-3003949299ns5:PlantMachinery2024-06-3003949299ns5:MotorVehicles2024-06-3003949299ns5:ComputerEquipment2024-06-3003949299ns5:PlantMachinery2023-06-3003949299ns5:MotorVehicles2023-06-3003949299ns5:ComputerEquipment2023-06-3003949299ns5:OtherRelatedParties2023-06-3003949299ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3003949299ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3003949299ns10:OrdinaryShareClass12024-06-3003949299ns5:RetainedEarningsAccumulatedLosses2023-06-3003949299ns5:RetainedEarningsAccumulatedLosses2023-07-012024-06-3003949299ns10:Director222023-06-3003949299ns10:Director222022-06-3003949299ns10:Director222023-07-012024-06-3003949299ns10:Director222022-07-012023-06-3003949299ns10:Director222024-06-3003949299ns10:Director222023-06-30039492991ns10:Director12023-06-30039492991ns10:Director12022-06-30039492991ns10:Director12023-07-012024-06-30039492991ns10:Director12022-07-012023-06-30039492991ns10:Director12024-06-30039492991ns10:Director12023-06-30
REGISTERED NUMBER: 03949299 (England and Wales)













GALAXY SHOPFITTING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






GALAXY SHOPFITTING LIMITED (REGISTERED NUMBER: 03949299)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GALAXY SHOPFITTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr S R Pearce
Ms R A Williams





SECRETARY: Ms R A Williams





REGISTERED OFFICE: The Paddocks, Holdings Lane
Capel Llanilltern
Cardiff
CF5 6JA





REGISTERED NUMBER: 03949299 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

GALAXY SHOPFITTING LIMITED (REGISTERED NUMBER: 03949299)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 24,046 29,006
Investments 6 544,000 544,000
568,046 573,006

CURRENT ASSETS
Debtors 7 4,378,154 4,060,489
Cash at bank 2,334,296 3,236,939
6,712,450 7,297,428
CREDITORS
Amounts falling due within one year 8 427,773 1,239,031
NET CURRENT ASSETS 6,284,677 6,058,397
TOTAL ASSETS LESS CURRENT LIABILITIES 6,852,723 6,631,403

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 6,852,623 6,631,303
SHAREHOLDERS' FUNDS 6,852,723 6,631,403

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of Income and Retained Earnings has not been delivered.

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:




Mr S R Pearce - Director



Ms R A Williams - Director


GALAXY SHOPFITTING LIMITED (REGISTERED NUMBER: 03949299)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Galaxy Shopfitting 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% straight line on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

GALAXY SHOPFITTING LIMITED (REGISTERED NUMBER: 03949299)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 July 2023
and 30 June 2024 135,000
AMORTISATION
At 1 July 2023
and 30 June 2024 135,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
COST
At 1 July 2023 4,196 93,900 2,923 101,019
Additions 3,056 - - 3,056
At 30 June 2024 7,252 93,900 2,923 104,075
DEPRECIATION
At 1 July 2023 4,196 64,894 2,923 72,013
Charge for year 764 7,252 - 8,016
At 30 June 2024 4,960 72,146 2,923 80,029
NET BOOK VALUE
At 30 June 2024 2,292 21,754 - 24,046
At 30 June 2023 - 29,006 - 29,006

6. FIXED ASSET INVESTMENTS
Loans to
other
participating
interests
£
At 1 July 2023
and 30 June 2024 544,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 396,747 576,607
Other debtors - s455 1,075,916 953,739
Directors' current accounts 2,821,589 2,459,584
Prepayments 9,503 9,648
Prepayments - accrued interest 74,399 60,911
4,378,154 4,060,489

GALAXY SHOPFITTING LIMITED (REGISTERED NUMBER: 03949299)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Payments on account 24,169 24,169
Trade creditors 78,992 204,433
Trade creditors - credit card 2,857 1,544
Tax 228,349 798,928
PAYE and NIC taxes 6,634 4,598
VAT 83,972 202,559
Accruals and deferred income 2,800 2,800
427,773 1,239,031

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£

At 1 July 2023 6,631,303
Profit for the year 311,320
Dividends (90,000 )
At 30 June 2024 6,852,623

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£ £
Ms R A Williams
Balance outstanding at start of year 1,119,824 491,825
Amounts advanced 179,620 627,999
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,299,444 1,119,824

Mr S R Pearce
Balance outstanding at start of year 1,339,760 709,956
Amounts advanced 182,385 629,804
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,522,145 1,339,760