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Registration number: 06564350

Dolphin Gallery Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

Dolphin Gallery Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 6

Dolphin Gallery Limited

(Registration number: 06564350)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 40,645 | 51,988
Tangible assets | 5 | 21,686 | 24,482
|  | 62,331 | 76,470
Current assets |  |  |
Stocks |  | 29,479 | 32,450
Debtors | 6 | 1,632 | 478
Cash at bank and in hand |  | 31,717 | 11,592
|  | 62,828 | 44,520
Creditors: Amounts falling due within one year | 7 | (111,633) | (107,967)
Net current liabilities |  | (48,805) | (63,447)
Net assets |  | 13,526 | 13,023
Capital and reserves |  |  |
Called up share capital | 8 | 1 | 1
Retained earnings |  | 13,525 | 13,022
Shareholders' funds |  | 13,526 | 13,023

Dolphin Gallery Limited

(Registration number: 06564350)
Balance Sheet as at 30 April 2025 (continued)

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 August 2025

......................................... R E Corlett Director

Dolphin Gallery Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
23-34 Market Place
Wantage
Oxfordshire
OX12 8AE

These financial statements were authorised for issue by the director on 20 August 2025.

2 | Accounting policies

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 is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Dolphin Gallery Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

2 | Accounting policies (continued)

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:

Asset class | Depreciation method and rate
Leasehold improvements | 10% straight line
Plant and machinery | 25% straight line
Fixtures and fittings | 25% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Amortisation | 10% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Recognition and measurement
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2024 - 5).

Dolphin Gallery Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 May 2024 | 113,429 | 113,429
At 30 April 2025 | 113,429 | 113,429
Amortisation
At 1 May 2024 | 61,441 | 61,441
Amortisation charge | 11,343 | 11,343
At 30 April 2025 | 72,784 | 72,784
Carrying amount
At 30 April 2025 | 40,645 | 40,645
At 30 April 2024 | 51,988 | 51,988

5 | Tangible assets

| Leasehold Improvements £ | Fixtures and fittings £ | Plant and machinery £ | Total £
Cost or valuation
At 1 May 2024 | 32,611 | 9,224 | 7,410 | 49,245
Additions | - | 208 | - | 208
At 30 April 2025 | 32,611 | 9,432 | 7,410 | 49,453
Depreciation
At 1 May 2024 | 9,161 | 8,193 | 7,409 | 24,763
Charge for the year | 2,511 | 492 | 1 | 3,004
At 30 April 2025 | 11,672 | 8,685 | 7,410 | 27,767
Carrying amount
At 30 April 2025 | 20,939 | 747 | - | 21,686
At 30 April 2024 | 23,450 | 1,031 | 1 | 24,482

Dolphin Gallery Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 1,486 | -
Prepayments | 146 | 478
| 1,632 | 478

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | - | 55
Taxation and social security | 20,562 | 16,762
Accruals and deferred income | 1,889 | 2,276
Other creditors | 89,182 | 88,874
| 111,633 | 107,967

Other creditors includes a balance of £89,182 (2024- £88,874) due to the director, Mr R Corlett.

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 1 | 1 | 1 | 1