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Registration number: 07438365

Galstad Accounting Service Limited

Unaudited Financial Statements

for the Year Ended 30 November 2024

 

Galstad Accounting Service Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Galstad Accounting Service Limited

Company Information

Director

Mrs A G Evans

Registered office

13 Station Road
Weaverham
Northwich
Cheshire
CW8 3PY

Accountants

Alextra Group Limited
Chartered Certified Accountants
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

 

Galstad Accounting Service Limited

(Registration number: 07438365)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

447

559

Current assets

 

Cash at bank and in hand

 

176,615

216,140

Creditors: Amounts falling due within one year

5

(890)

(1,520)

Net current assets

 

175,725

214,620

Net assets

 

176,172

215,179

Capital and reserves

 

Called up share capital

1

1

Retained earnings

176,171

215,178

Shareholders' funds

 

176,172

215,179

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account or Director's Report has been taken.

Approved and authorised by the director on 17 February 2025
 

.........................................
Mrs A G Evans
Director

 

Galstad Accounting Service Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
13 Station Road
Weaverham
Northwich
Cheshire
CW8 3PY
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Galstad Accounting Service Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% on written down value

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Galstad Accounting Service Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Tangible assets

Office equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 December 2023

699

740

1,439

At 30 November 2024

699

740

1,439

Depreciation

At 1 December 2023

140

740

880

Charge for the year

112

-

112

At 30 November 2024

252

740

992

Carrying amount

At 30 November 2024

447

-

447

At 30 November 2023

559

-

559

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

99

48

Accruals and deferred income

225

225

Other creditors

566

1,247

890

1,520