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REGISTERED NUMBER: 13966159 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

GALAPAGOS TEAM LTD

GALAPAGOS TEAM LTD (REGISTERED NUMBER: 13966159)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GALAPAGOS TEAM LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2025







DIRECTOR: Mrs S Barcelos Ferreira





REGISTERED OFFICE: 14 Southdean Gardens
London
SW19 6NU





REGISTERED NUMBER: 13966159 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

GALAPAGOS TEAM LTD (REGISTERED NUMBER: 13966159)

BALANCE SHEET
31ST MARCH 2025

31.3.25 31.3.24
Notes £ £ £
FIXED ASSETS
Tangible assets 4 2,913 417

CURRENT ASSETS
Debtors 5 5,892 153,799
Cash at bank 184,155 83,839
190,047 237,638
CREDITORS
Amounts falling due within one year 6 80,863 96,086
NET CURRENT ASSETS 109,184 141,552
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,097

141,969

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 111,997 141,869
SHAREHOLDERS' FUNDS 112,097 141,969

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16th April 2025 and were signed by:





Mrs S Barcelos Ferreira - Director


GALAPAGOS TEAM LTD (REGISTERED NUMBER: 13966159)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025

1. STATUTORY INFORMATION

Galapagos Team Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

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 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1st April 2024 833
Additions 2,885
At 31st March 2025 3,718
DEPRECIATION
At 1st April 2024 416
Charge for year 389
At 31st March 2025 805
NET BOOK VALUE
At 31st March 2025 2,913
At 31st March 2024 417

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£ £
Trade debtors 5,200 140,891
VAT 170 713
Prepayments and accrued income 522 12,195
5,892 153,799

GALAPAGOS TEAM LTD (REGISTERED NUMBER: 13966159)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£ £
Trade creditors 900 240
Tax 12,402 58,884
Social security and other taxes 45 479
Directors' current accounts 6,555 4,877
Deferred income 59,935 30,667
Accrued expenses 1,026 939
80,863 96,086

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £ £
50 'A' Ordinary £1 50 50
50 'B' Ordinary £1 50 50
100 100

8. RESERVES
Retained
earnings
£

At 1st April 2024 141,869
Profit for the year 49,128
Dividends (79,000 )
At 31st March 2025 111,997

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S Barcelos Ferreira.