The Moseley Gallery Limited 02099662 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is Art gallery Digita Accounts Production Advanced 6.30.9574.0 true true 02099662 2023-07-01 2024-06-30 02099662 2024-06-30 02099662 core:RetainedEarningsAccumulatedLosses 2024-06-30 02099662 core:ShareCapital 2024-06-30 02099662 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 02099662 bus:SmallEntities 2023-07-01 2024-06-30 02099662 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 02099662 bus:FilletedAccounts 2023-07-01 2024-06-30 02099662 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 02099662 bus:RegisteredOffice 2023-07-01 2024-06-30 02099662 bus:CompanySecretaryDirector1 2023-07-01 2024-06-30 02099662 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02099662 countries:UnitedKingdom 2023-07-01 2024-06-30 02099662 2022-07-01 2023-06-30 02099662 2023-06-30 02099662 core:RetainedEarningsAccumulatedLosses 2023-06-30 02099662 core:ShareCapital 2023-06-30 02099662 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 02099662

The Moseley Gallery Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

The Moseley Gallery Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

The Moseley Gallery Limited

Company Information

Director

Mrs C C Ashton

Company secretary

Mrs C C Ashton

Registered office

Glebe Cottage
48 Village Road
Clifton Village
Nottingham
NG11 8NE

Accountants

Ballards LLP
Chartered Accountants
Oakmoore Court
11C Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

The Moseley Gallery Limited

(Registration number: 02099662)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

-

14,471

Cash at bank and in hand

 

-

499

 

-

14,970

Creditors: Amounts falling due within one year

6

-

(20,097)

Net liabilities

 

-

(5,127)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(2)

(5,129)

Shareholders' deficit

 

-

(5,127)

For the financial 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.

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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 March 2025
 

.........................................
Mrs C C Ashton
Company secretary and director

   
 

The Moseley Gallery Limited

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

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Glebe Cottage
48 Village Road
Clifton Village
Nottingham
NG11 8NE

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Going concern

The financial statements have been prepared on a going concern basis.

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 sales/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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

The Moseley Gallery Limited

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 1).

4

Stocks

2024
£

2023
£

Other inventories

-

14,471

5

Debtors

Current

2024
£

2023
£

 

-

-

 

The Moseley Gallery Limited

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

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Amounts owed to related parties

-

19,697

Other creditors

-

400

-

20,097