IRIS Accounts Production v25.1.3.33 05647942 Board of Directors Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh056479422023-12-31056479422024-12-31056479422024-01-012024-12-31056479422022-12-31056479422023-01-012023-12-31056479422023-12-3105647942ns15:EnglandWales2024-01-012024-12-3105647942ns14:PoundSterling2024-01-012024-12-3105647942ns10:Director12024-01-012024-12-3105647942ns10:Director22024-01-012024-12-3105647942ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3105647942ns10:SmallEntities2024-01-012024-12-3105647942ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3105647942ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3105647942ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3105647942ns10:FullAccounts2024-01-012024-12-3105647942ns10:OrdinaryShareClass12024-01-012024-12-3105647942ns10:OrdinaryShareClass22024-01-012024-12-3105647942ns10:OrdinaryShareClass32024-01-012024-12-3105647942ns10:Director32024-01-012024-12-3105647942ns10:CompanySecretary12024-01-012024-12-3105647942ns10:RegisteredOffice2024-01-012024-12-3105647942ns5:CurrentFinancialInstruments2024-12-3105647942ns5:CurrentFinancialInstruments2023-12-3105647942ns5:ShareCapital2024-12-3105647942ns5:ShareCapital2023-12-3105647942ns5:RetainedEarningsAccumulatedLosses2024-12-3105647942ns5:RetainedEarningsAccumulatedLosses2023-12-3105647942ns5:LandBuildingsns5:OwnedOrFreeholdAssets2024-01-012024-12-3105647942ns5:LandBuildingsns5:ShortLeaseholdAssets2024-01-012024-12-3105647942ns5:PlantMachinery2024-01-012024-12-3105647942ns5:MotorVehicles2024-01-012024-12-3105647942ns5:ComputerEquipment2024-01-012024-12-3105647942ns5:LandBuildings2023-12-3105647942ns5:LandBuildingsns5:ShortLeaseholdAssets2023-12-3105647942ns5:PlantMachinery2023-12-3105647942ns5:LandBuildings2024-01-012024-12-3105647942ns5:LandBuildings2024-12-3105647942ns5:LandBuildingsns5:ShortLeaseholdAssets2024-12-3105647942ns5:PlantMachinery2024-12-3105647942ns5:LandBuildings2023-12-3105647942ns5:LandBuildingsns5:ShortLeaseholdAssets2023-12-3105647942ns5:PlantMachinery2023-12-3105647942ns5:MotorVehicles2023-12-3105647942ns5:ComputerEquipment2023-12-3105647942ns5:MotorVehicles2024-12-3105647942ns5:ComputerEquipment2024-12-3105647942ns5:MotorVehicles2023-12-3105647942ns5:ComputerEquipment2023-12-3105647942ns10:OrdinaryShareClass12024-12-3105647942ns10:OrdinaryShareClass22024-12-3105647942ns10:OrdinaryShareClass32024-12-31
REGISTERED NUMBER: 05647942 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GALLERY ON THE SQUARE LIMITED

GALLERY ON THE SQUARE LIMITED (REGISTERED NUMBER: 05647942)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GALLERY ON THE SQUARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mrs S Murdock
J D Murdock
R J Ellis





SECRETARY: J D Murdock





REGISTERED OFFICE: 4 Walnut Court
Hawthorn Road
Charlton Down
Dorchester
Dorset
DT2 9XE





REGISTERED NUMBER: 05647942 (England and Wales)





ACCOUNTANTS: Pugsley Revill
18 High West Street
Dorchester
Dorset
DT1 1UW

GALLERY ON THE SQUARE LIMITED (REGISTERED NUMBER: 05647942)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 315,180 319,630

CURRENT ASSETS
Stocks 36,500 58,500
Debtors 5 607 125
Cash at bank and in hand 184,687 204,275
221,794 262,900
CREDITORS
Amounts falling due within one year 6 64,653 145,913
NET CURRENT ASSETS 157,141 116,987
TOTAL ASSETS LESS CURRENT
LIABILITIES

472,321

436,617

CAPITAL AND RESERVES
Called up share capital 7 300 300
Retained earnings 472,021 436,317
SHAREHOLDERS' FUNDS 472,321 436,617

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

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

GALLERY ON THE SQUARE LIMITED (REGISTERED NUMBER: 05647942)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:




Mrs S Murdock - Director



J D Murdock - Director


GALLERY ON THE SQUARE LIMITED (REGISTERED NUMBER: 05647942)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Gallery on the Square 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.

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.
Freehold property - not provided
Short leasehold - 20% on cost
Fixtures, fittings & equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office and computer equipment - 25% on reducing balance

Stocks
Stocks 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 Statement of Income and Retained Earnings, 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.

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.

GALLERY ON THE SQUARE LIMITED (REGISTERED NUMBER: 05647942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
Freehold Short fittings
property leasehold & equipment
£    £    £   
COST
At 1 January 2024
and 31 December 2024 298,541 2,050 47,644
DEPRECIATION
At 1 January 2024 - 2,050 39,420
Charge for year - - 1,234
At 31 December 2024 - 2,050 40,654
NET BOOK VALUE
At 31 December 2024 298,541 - 6,990
At 31 December 2023 298,541 - 8,224

Office
and
Motor computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 29,795 5,830 383,860
DEPRECIATION
At 1 January 2024 17,749 5,011 64,230
Charge for year 3,011 205 4,450
At 31 December 2024 20,760 5,216 68,680
NET BOOK VALUE
At 31 December 2024 9,035 614 315,180
At 31 December 2023 12,046 819 319,630

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 607 125

GALLERY ON THE SQUARE LIMITED (REGISTERED NUMBER: 05647942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 42,342 58,561
Other creditors 22,311 87,352
64,653 145,913

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
100 Ordinary C £1 100 100
300 300