Assembled Gala Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09886417

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		12,600
Tangible Assets	5		4,898		3,878
Investments	6		70		-

			4,968		16,478
CURRENT ASSETS
Debtors	7	459,589		510,118
Cash at bank and in hand		698,421		507,189

		1,158,010		1,017,307
Creditors: Amounts Falling Due Within One Year	8	(335,442 )		(238,496 )

NET CURRENT ASSETS (LIABILITIES)			822,568		778,811

TOTAL ASSETS LESS CURRENT LIABILITIES			827,536		795,289

Creditors: Amounts Falling Due After More Than One Year	9		(16,667 )		(26,667 )

NET ASSETS			810,869		768,622

CAPITAL AND RESERVES
Called up share capital	10		1,462		1,462
Share premium account			801,954		801,954
Profit and Loss Account			7,453		(34,794 )

SHAREHOLDERS' FUNDS			810,869		768,622

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Assembled Gala Ltd

Balance Sheet (continued)

As At 30 September 2024

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Jonathan Edwards

Director

20/06/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Assembled Gala Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09886417 . The registered office is 66a Charlotte Road, London, EC2A 3PE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are Goodwill. It is amortised to profit and loss account in equal instalments over its estimated economic life of 5 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

5 Year Straight Line

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2023: 5)

4. Intangible Assets

	Other
	£
Cost
As at 1 October 2023	63,000
Disposals	(63,000 )

As at 30 September 2024	-

...CONTINUED

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Assembled Gala Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

Amortisation
As at 1 October 2023	50,400
Provided during the period	12,600
Disposals	(63,000 )

As at 30 September 2024	-

Net Book Value
As at 30 September 2024	-

As at 1 October 2023	12,600

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 October 2023	13,505
Additions	2,552

As at 30 September 2024	16,057

Depreciation
As at 1 October 2023	9,627
Provided during the period	1,532

As at 30 September 2024	11,159

Net Book Value
As at 30 September 2024	4,898

As at 1 October 2023	3,878

6. Investments

	Listed
	£
Cost
As at 1 October 2023	-
Additions	70

As at 30 September 2024	70

Provision
As at 1 October 2023	-

As at 30 September 2024	-

Net Book Value
As at 30 September 2024	70

As at 1 October 2023	-

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Assembled Gala Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	117,307	26,277
Amounts recoverable on contracts	37,986	6,000
Prepayments and accrued income	-	6,000
Other debtors	239,104	400,045
VAT	-	1,456
Directors' loan accounts	65,192	70,340

	459,589	510,118

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	171,862	193,775
Other taxes and social security	7,273	27,080
VAT	38,262	-
Net wages	796	-
Other creditors < 1 year	50,070	1,999
Accruals and deferred income	67,179	15,642

	335,442	238,496

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
COVID-19 bounce back loan	16,667	26,667

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,462	1,462

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