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REGISTERED NUMBER: SC236798 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Galaxy Marketing Scotland Ltd
Trading as
City Mobility

Galaxy Marketing Scotland Ltd (Registered number: SC236798)
Trading as City Mobility






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 9

Galaxy Marketing Scotland Ltd
Trading as City Mobility

Company Information
for the Year Ended 31 August 2024







DIRECTORS: S Elliot
Mrs C Elliot
Mrs C A Morrison





REGISTERED OFFICE: 46A Seafield Road
Longman
Inverness
IV1 1SG





REGISTERED NUMBER: SC236798 (Scotland)





ACCOUNTANTS: Innes & Partners Limited
Chartered Certified Accountants
9 Ardross Street
Inverness
IV3 5NN

Galaxy Marketing Scotland Ltd (Registered number: SC236798)
Trading as City Mobility

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 87,433 88,197

CURRENT ASSETS
Stocks 112,260 88,294
Debtors 5 93,929 98,391
Cash at bank and in hand 257,232 297,256
463,421 483,941
CREDITORS
Amounts falling due within one year 6 196,353 265,990
NET CURRENT ASSETS 267,068 217,951
TOTAL ASSETS LESS CURRENT
LIABILITIES

354,501

306,148

CREDITORS
Amounts falling due after more than one
year

7

(20,261

)

(40,982

)

PROVISIONS FOR LIABILITIES (21,712 ) (21,925 )
NET ASSETS 312,528 243,241

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 312,428 243,141
SHAREHOLDERS' FUNDS 312,528 243,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Galaxy Marketing Scotland Ltd (Registered number: SC236798)
Trading as City Mobility

Balance Sheet - continued
31 August 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by:





Mrs C Elliot - Director


Galaxy Marketing Scotland Ltd (Registered number: SC236798)
Trading as City Mobility

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Galaxy Marketing Scotland Ltd is a private company, limited by shares , registered in Scotland. 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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost of valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and Equipment - 10% on cost
Office Equipment - 25% on cost
Fixtures and Fittings - 10% on cost
Property Improvements - 10% on cost
Motor Vehicles - 25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks
Stocks are stated at the lower of cost estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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


Galaxy Marketing Scotland Ltd (Registered number: SC236798)
Trading as City Mobility

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
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.

Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value att he date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Retirement benefits
The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund. Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant condition will be met and the grants will br received.

A grant that specifies performance conditions is recognised in income when performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received and receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Debtors
Short term debtors are measured at transaction price, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

Galaxy Marketing Scotland Ltd (Registered number: SC236798)
Trading as City Mobility

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 26,151 9,073 9,526
Additions 1,556 9,131 -
Disposals - - -
Transfer to ownership - - -
At 31 August 2024 27,707 18,204 9,526
DEPRECIATION
At 1 September 2023 23,876 5,066 8,313
Charge for year 882 1,468 387
Eliminated on disposal - - -
Transfer to ownership - - -
At 31 August 2024 24,758 6,534 8,700
NET BOOK VALUE
At 31 August 2024 2,949 11,670 826
At 31 August 2023 2,275 4,007 1,213

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 164,310 15,285 224,345
Additions 24,043 - 34,730
Disposals (34,476 ) - (34,476 )
Transfer to ownership 13,333 - 13,333
At 31 August 2024 167,210 15,285 237,932
DEPRECIATION
At 1 September 2023 86,900 11,993 136,148
Charge for year 30,643 2,114 35,494
Eliminated on disposal (34,476 ) - (34,476 )
Transfer to ownership 13,333 - 13,333
At 31 August 2024 96,400 14,107 150,499
NET BOOK VALUE
At 31 August 2024 70,810 1,178 87,433
At 31 August 2023 77,410 3,292 88,197

The net book value of tangible fixed assets includes £ 37,648 (2023 - £ 79,220 ) in respect of assets held under hire purchase contracts.

Galaxy Marketing Scotland Ltd (Registered number: SC236798)
Trading as City Mobility

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,092 38,208
Other debtors 1,343 381
VAT 15,954 19,738
Prepayments and accrued income 46,540 40,064
93,929 98,391

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans (see note 8) 156 156
Hire purchase contracts (see note 9) 20,564 23,581
Trade creditors 132,155 91,721
Amounts owed to group undertakings 600 432
Tax 24,001 3,895
Social security and other taxes 6,446 26,546
Other creditors 5,224 78,079
Accruals and deferred income 7,207 41,580
196,353 265,990

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans (see note 8) 299 455
Hire purchase contracts (see note 9) 19,962 40,527
20,261 40,982

Finance lease liabilities totalling £40,526 (2023: £64,108) are secured over the assets to which they relate.

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Other loans 156 156

Amounts falling due between one and two years:
Other loans - 1-2 years 299 455

Galaxy Marketing Scotland Ltd (Registered number: SC236798)
Trading as City Mobility

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 20,564 23,581
Between one and five years 19,962 40,527
40,526 64,108

Non-cancellable operating leases
2024 2023
£    £   
Within one year 43,500 43,500
Between one and five years 14,500 58,000
58,000 101,500

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Galaxy Marketing Scotland Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Galaxy Marketing Scotland Ltd for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Galaxy Marketing Scotland Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Galaxy Marketing Scotland Ltd and state those matters that we have agreed to state to the Board of Directors of Galaxy Marketing Scotland Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Galaxy Marketing Scotland Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Galaxy Marketing Scotland Ltd. You consider that Galaxy Marketing Scotland Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Galaxy Marketing Scotland Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Innes & Partners Limited
Chartered Certified Accountants
9 Ardross Street
Inverness
IV3 5NN


4 April 2025