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REGISTERED NUMBER: 10482535 (England and Wales)















Galeactis Limited

Financial Statements For The Year Ended 30 November 2024






Galeactis Limited (Registered number: 10482535)






Contents of the Financial Statements
For The Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Galeactis Limited

Company Information
For The Year Ended 30 November 2024







DIRECTORS: Tolga Kaymak
Merve Kaymak





REGISTERED OFFICE: Intergen House
65-67 Western Road
Hove
East Sussex
BN3 2JQ





REGISTERED NUMBER: 10482535 (England and Wales)

Galeactis Limited (Registered number: 10482535)

Balance Sheet
30 November 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 595 79

CURRENT ASSETS
Inventories 97,270 29,038
Debtors 5 97,237 49,777
Cash at bank 8,345 10,090
202,852 88,905
CREDITORS
Amounts falling due within one year 6 (148,994 ) (33,628 )
NET CURRENT ASSETS 53,858 55,277
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,453

55,356

CREDITORS
Amounts falling due after more than one
year

7

(3,510

)

(8,661

)

PROVISIONS FOR LIABILITIES (134 ) (15 )
NET ASSETS 50,809 46,680

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 50,807 46,678
50,809 46,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Galeactis Limited (Registered number: 10482535)

Balance Sheet - continued
30 November 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 19 February 2025 and were signed on its behalf by:





Tolga Kaymak - Director


Galeactis Limited (Registered number: 10482535)

Notes to the Financial Statements
For The Year Ended 30 November 2024

1. STATUTORY INFORMATION

Galeactis Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue 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.
Plant and machinery etc - 33% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Galeactis Limited (Registered number: 10482535)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 December 2023 4,429
Additions 833
At 30 November 2024 5,262
DEPRECIATION
At 1 December 2023 4,350
Charge for year 317
At 30 November 2024 4,667
NET BOOK VALUE
At 30 November 2024 595
At 30 November 2023 79

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 96,915 49,455
Other debtors 322 322
97,237 49,777

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,133 5,002
Trade creditors 600 45
Taxation and social security 27,648 27,856
Other creditors 115,613 725
148,994 33,628

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 3,510 8,661

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Galeactis Limited

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 Galeactis Limited for the year ended 30 November 2024 which comprise the Income Statement, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Galeactis Limited, 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 Galeactis Limited and state those matters that we have agreed to state to the Board of Directors of Galeactis Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Galeactis Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Galeactis Limited 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 Galeactis Limited. You consider that Galeactis Limited 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 Galeactis Limited. 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.






Streets Mark Carr
Intergen House
65-67 Western Road
Hove
East Sussex
BN3 2JQ


19 February 2025