Registration number:
DYS44 Art Gallery Limited
for the Period from 1 August 2024 to 31 August 2025
DYS44 Art Gallery Limited
Contents
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Company Information |
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Director's Report |
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Accountants' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
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Detailed Profit and Loss Account |
DYS44 Art Gallery Limited
Company Information
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Director |
Mr C Lampronti |
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Registered office |
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Accountants |
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DYS44 Art Gallery Limited
Director's Report for the Period from 1 August 2024 to 31 August 2025
The director presents his report and the financial statements for the period from 1 August 2024 to 31 August 2025.
Director of the company
The director who held office during the period was as follows:
Principal activity
The principal activity of the company is Art Gallery
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
DYS44 Art Gallery Limited
for the Period Ended 31 August 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of DYS44 Art Gallery Limited for the period ended 31 August 2025 as set out on pages 4 to 13 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.
This report is made solely to the Board of Directors of DYS44 Art Gallery Limited, as a body, in accordance with the terms of our engagement letter dated 3 October 2024. Our work has been undertaken solely to prepare for your approval the accounts of DYS44 Art Gallery Limited and state those matters that we have agreed to state to the Board of Directors of DYS44 Art Gallery Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DYS44 Art Gallery Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that DYS44 Art Gallery Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of DYS44 Art Gallery Limited. You consider that DYS44 Art Gallery Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of DYS44 Art Gallery 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 accounts.
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Chartered Certified Accountants
37 Greenham Business Park
Greenham
Thatcham
Berkshire
RG19 6HW
DYS44 Art Gallery Limited
Profit and Loss Account for the Period from 1 August 2024 to 31 August 2025
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Note |
2025 |
2024 |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Operating (loss)/profit |
(424,714) |
372,189 |
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Other interest receivable and similar income |
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Interest payable and similar expenses |
( |
( |
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2,617 |
(29,346) |
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(Loss)/profit before tax |
( |
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Tax on (loss)/profit |
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( |
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(Loss)/profit for the financial period |
( |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the period other than the results above.
DYS44 Art Gallery Limited
Statement of Comprehensive Income for the Period from 1 August 2024 to 31 August 2025
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2025 |
2024 |
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(Loss)/profit for the period |
( |
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Total comprehensive income for the period |
( |
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DYS44 Art Gallery Limited
(Registration number: 09703974)
Balance Sheet as at 31 August 2025
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Note |
2025 |
2024 |
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Current assets |
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Stocks |
- |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
381,323 |
381,323 |
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Retained earnings |
(360,310) |
56,252 |
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Shareholders' funds |
21,013 |
437,575 |
For the financial period ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the
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DYS44 Art Gallery Limited
Statement of Changes in Equity for the Period from 1 August 2024 to 31 August 2025
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Share capital |
Retained earnings |
Total |
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At 1 August 2024 |
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Loss for the period |
- |
( |
( |
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At 31 August 2025 |
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( |
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Share capital |
Retained earnings |
Total |
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At 1 August 2023 |
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( |
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Profit for the period |
- |
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At 31 July 2024 |
381,323 |
56,252 |
437,575 |
DYS44 Art Gallery Limited
Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 31 August 2025
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General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
DYS44 Art Gallery Limited
Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 31 August 2025 (continued)
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
DYS44 Art Gallery Limited
Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 31 August 2025 (continued)
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
DYS44 Art Gallery Limited
Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 31 August 2025 (continued)
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Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
DYS44 Art Gallery Limited
Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 31 August 2025 (continued)
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Tangible assets |
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Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 August 2024 |
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At 31 August 2025 |
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Depreciation |
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At 1 August 2024 |
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At 31 August 2025 |
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Carrying amount |
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At 31 August 2025 |
- |
- |
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Stocks |
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2025 |
2024 |
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Other inventories |
- |
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Debtors |
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Current |
2025 |
2024 |
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Trade debtors |
- |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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2025 |
2024 |
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Due within one year |
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Taxation and social security |
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Other creditors |
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DYS44 Art Gallery Limited
Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 31 August 2025 (continued)
Creditors: amounts falling due after more than one year
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Note |
2025 |
2024 |
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Due after one year |
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Loans and borrowings |
|
|
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Other financial liabilities |
- |
|
|
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Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
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No. |
£ |
No. |
£ |
|
|
|
|
381,323 |
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381,323 |
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Loans and borrowings |
Non-current loans and borrowings
|
2025 |
2024 |
|
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Other borrowings |
|
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DYS44 Art Gallery Limited
Detailed Profit and Loss Account for the Period from 1 August 2024 to 31 August 2025
|
2025 |
2024 |
|
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Turnover (analysed below) |
4,710,521 |
911,216 |
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Cost of sales (analysed below) |
(4,598,288) |
(76,053) |
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Gross profit |
112,233 |
835,163 |
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Gross profit (%) |
2.38% |
91.65% |
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Administrative expenses |
||
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Employment costs (analysed below) |
(73,745) |
(132,001) |
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Establishment costs (analysed below) |
(60,063) |
(58,910) |
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General administrative expenses (analysed below) |
(399,187) |
(270,320) |
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Finance charges (analysed below) |
(3,952) |
(1,743) |
|
(536,947) |
(462,974) |
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Operating (loss)/profit |
(424,714) |
372,189 |
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Other interest receivable and similar income (analysed below) |
16,291 |
20,463 |
|
Interest payable and similar expenses (analysed below) |
(13,674) |
(49,809) |
|
2,617 |
(29,346) |
|
|
(Loss)/profit before tax |
(422,097) |
342,843 |
DYS44 Art Gallery Limited
Detailed Profit and Loss Account for the Period from 1 August 2024 to 31 August 2025 (continued)
|
2025 |
2024 |
|
Turnover |
||
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Sale of goods, UK |
4,322,890 |
706,997 |
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Other income |
180,732 |
30,414 |
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Commissions receivable |
- |
(219) |
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Naurum commissions |
206,899 |
174,024 |
|
4,710,521 |
911,216 |
|
Cost of sales |
||
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Purchases |
(4,456,631) |
- |
|
Direct costs |
- |
87,838 |
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Packaging material |
- |
(6,185) |
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Restoration |
(34,427) |
(30,122) |
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Photography |
- |
(286) |
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Freight and carriage |
(53,682) |
(95,602) |
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Import duty |
(53,548) |
(10,032) |
|
Commissions payable |
- |
(21,664) |
|
(4,598,288) |
(76,053) |
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Employment costs |
||
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Wages and salaries (excluding directors) |
(67,597) |
(116,021) |
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Staff NIC (Employers) |
(5,770) |
(12,595) |
|
Staff pensions (Defined contribution) |
(378) |
(3,385) |
|
(73,745) |
(132,001) |
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Establishment costs |
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Rent |
(40,078) |
(23,250) |
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Rates |
(1,843) |
(5,832) |
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Water rates |
(117) |
(256) |
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Light, heat and power |
(34) |
(5,630) |
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Insurance |
(16,592) |
(22,151) |
|
Repairs and renewals |
(1,399) |
(1,791) |
|
(60,063) |
(58,910) |
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General administrative expenses |
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Telephone and fax |
(2,468) |
(1,948) |
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Computer software and maintenance costs |
(5,600) |
(3,996) |
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Printing, postage and stationery |
(7,192) |
(5,704) |
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Trade and professional journals |
(23) |
(874) |
DYS44 Art Gallery Limited
Detailed Profit and Loss Account for the Period from 1 August 2024 to 31 August 2025 (continued)
|
2025 |
2024 |
|
Trade subscriptions |
(288) |
(6,682) |
|
Sundry expenses |
(1,592) |
(1,550) |
|
Cleaning |
(2,400) |
(4,711) |
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Travel and subsistence |
(72,453) |
(37,226) |
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Hotel accommodation |
- |
(18,758) |
|
Promotional expenses |
(68,033) |
(104,849) |
|
Customer entertaining (disallowable for tax) |
(5,076) |
(5,089) |
|
Accountancy fees |
(39,906) |
(39,146) |
|
Consultancy fees |
(10,033) |
1,936 |
|
Legal and professional fees |
(57,893) |
(39,249) |
|
Penalties |
(160,179) |
(2,474) |
|
Bad debts written off |
33,949 |
- |
|
(399,187) |
(270,320) |
|
Finance charges |
||
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Bank charges |
(3,952) |
(1,743) |
|
Other interest receivable and similar income |
||
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Bank interest receivable |
16,287 |
20,463 |
|
Other interest receivable |
4 |
- |
|
16,291 |
20,463 |
|
Interest payable and similar expenses |
||
|
Bank interest payable |
12 |
(5,648) |
|
Other interest payable |
- |
(400) |
|
Foreign currency (gains)/losses |
(13,686) |
(43,761) |
|
(13,674) |
(49,809) |