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REGISTERED NUMBER: 06415272 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Galemorn Ltd

Galemorn Ltd (Registered number: 06415272)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Galemorn Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: G S Dhesi





SECRETARY: Mrs D K Dhesi





REGISTERED OFFICE: 179 Handside Lane
Welwyn Garden City
Hertfordshire
AL8 6SE





REGISTERED NUMBER: 06415272 (England and Wales)





ACCOUNTANTS: Coombs Chartered Accountants
164 Bedford Road
Kempston
Bedford
Bedfordshire
MK42 8BH

Galemorn Ltd (Registered number: 06415272)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 43,069 53,837
Tangible assets 5 192,902 220,505
235,971 274,342

CURRENT ASSETS
Stocks 127,400 108,500
Debtors 6 5,796 10,925
Cash at bank and in hand 41,014 25,040
174,210 144,465
CREDITORS
Amounts falling due within one year 7 130,425 134,657
NET CURRENT ASSETS 43,785 9,808
TOTAL ASSETS LESS CURRENT
LIABILITIES

279,756

284,150

CREDITORS
Amounts falling due after more than one year 8 48,833 81,833

CAPITAL AND RESERVES
Called up share capital 11 11
Retained earnings 230,912 202,306
SHAREHOLDER FUNDS 230,923 202,317
279,756 284,150

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 July 2025 and were signed by:





G S Dhesi - Director


Galemorn Ltd (Registered number: 06415272)

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

1. STATUTORY INFORMATION

Galemorn 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance, 15% on cost and 10% on cost

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 107,674
AMORTISATION
At 1 November 2023 53,837
Charge for year 10,768
At 31 October 2024 64,605
NET BOOK VALUE
At 31 October 2024 43,069
At 31 October 2023 53,837

Galemorn Ltd (Registered number: 06415272)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 318,239
Additions 14,026
At 31 October 2024 332,265
DEPRECIATION
At 1 November 2023 97,734
Charge for year 41,629
At 31 October 2024 139,363
NET BOOK VALUE
At 31 October 2024 192,902
At 31 October 2023 220,505

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 5,796 10,925

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 63,072 88,645
Taxation and social security 42,258 -
Other creditors 15,095 36,012
130,425 134,657

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 5,833 15,833
Other creditors 43,000 66,000
48,833 81,833

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 5,833 15,833