CANVAS GALLERIES LIMITED

Company Registration Number:
NI071470 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 January 2025

Period of accounts

Start date: 01 February 2024

End date: 31 January 2025

CANVAS GALLERIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2025

Balance sheet
Notes

CANVAS GALLERIES LIMITED

Balance sheet

As at 31 January 2025


Notes

2025

2024


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 149,422 161,036
Investments:   0 0
Total fixed assets: 149,422 161,036
Current assets
Stocks: 21,772 24,770
Debtors:   40,818 22,415
Cash at bank and in hand: 12,890 351
Investments:   0 0
Total current assets: 75,480 47,536
Creditors: amounts falling due within one year:   (68,476) (75,873)
Net current assets (liabilities): 7,004 (28,337)
Total assets less current liabilities: 156,426 132,699
Creditors: amounts falling due after more than one year:   (35,767) (42,943)
Provision for liabilities: (22,998) (14,111)
Total net assets (liabilities): 97,661 75,645
Capital and reserves
Called up share capital: 2 2
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 97,659 75,643
Shareholders funds: 97,661 75,645

The notes form part of these financial statements

CANVAS GALLERIES LIMITED

Balance sheet statements

For the year ending 31 January 2025 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 March 2025
and signed on behalf of the board by:

Name: Mr Paul Evans
Status: Director

The notes form part of these financial statements

CANVAS GALLERIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CANVAS GALLERIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

2. Employees

2025 2024
Average number of employees during the period 6 6

CANVAS GALLERIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

3. Tangible Assets

Total
Cost £
At 01 February 2024 211,151
Additions 5,100
Disposals 0
Revaluations 0
Transfers 0
At 31 January 2025 216,251
Depreciation
At 01 February 2024 50,115
Charge for year 16,714
On disposals 0
Other adjustments 0
At 31 January 2025 66,829
Net book value
At 31 January 2025 149,422
At 31 January 2024 161,036