Gallery Design And Developments Limited 31/03/2025 iXBRL

Company registration number: 05060901

GALLERY DESIGN AND DEVELOPMENTS LIMITED

UNAUDITED FILLETED FINANCIAL STATEMENTS

31 March 2025

GALLERY DESIGN AND DEVELOPMENTS LIMITED

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

GALLERY DESIGN AND DEVELOPMENTS LIMITED

DIRECTORS AND OTHER INFORMATION


	Directors	Mr G Leese
		Mrs S Leese


	Secretary	Mrs S Leese


	Company number	05060901


	Registered office	Countrywide House
		Knights Way
		Shrewsbury
		Shropshire
		SY4 4LG


	Business address	Harcourt Mill
		Harcourt
		Stanton-Upon-Hine Heath
		Shropshire
		SY4 4LG


	Accountants	Heywoods
		Countrywide House
		Knights Way
		Shrewsbury
		Shropshire
		SY1 3AB

GALLERY DESIGN AND DEVELOPMENTS LIMITED

CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE

UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GALLERY DESIGN AND DEVELOPMENTS LIMITED

YEAR ENDED 31ST MARCH 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gallery Design And Developments Limited for the year ended 31 March 2025 as set out on pages to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Gallery Design And Developments Limited, as a body, in accordance with the terms of our engagement letter dated 15 April 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Gallery Design And Developments Limited and state those matters that we have agreed to state to the board of directors of Gallery Design And Developments Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gallery Design And Developments Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Gallery Design And Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gallery Design And Developments Limited. You consider that Gallery Design And Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gallery Design And Developments 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 financial statements.

Heywoods

Chartered Accountants

Countrywide House

Knights Way

Shrewsbury

Shropshire

SY1 3AB

24 December 2025

GALLERY DESIGN AND DEVELOPMENTS LIMITED

STATEMENT OF FINANCIAL POSITION

31ST MARCH 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	213,877		213,729
		_______		_______
			213,877		213,729

Current assets
Stocks and work-in-progress		3,606,338		2,339,808
Debtors	6	8,299		49,464
Cash at bank and in hand		105		13
		_______		_______
		3,614,742		2,389,285
Creditors: amounts falling due
within one year	7	( 3,413,629)		( 2,243,484)
		_______		_______
Net current assets			201,113		145,801
			_______		_______
Total assets less current liabilities			414,990		359,530

Creditors: amounts falling due
after more than one year	8		( 27,960)		( 41,757)

Provisions for liabilities			( 1,617)		( 1,853)

			_______		_______
Net assets			385,413		315,920
			_______		_______

Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			384,413		314,920
			_______		_______
Shareholders funds			385,413		315,920
			_______		_______

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 24 December 2025 , and are signed on behalf of the board by:

Mr G Leese

Director

Company registration number: 05060901

GALLERY DESIGN AND DEVELOPMENTS LIMITED

STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 31ST MARCH 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2023	1,000	424,463	425,463

Profit/(loss) for the year		( 109,543)	( 109,543)
	_______	_______	_______
Total comprehensive income for the year	-	( 109,543)	( 109,543)

	_______	_______	_______
At 31 March 2024 and 1 April 2024	1,000	314,920	315,920

Profit/(loss) for the year		69,493	69,493
	_______	_______	_______
Total comprehensive income for the year	-	69,493	69,493

	_______	_______	_______
At 31 March 2025	1,000	384,413	385,413
	_______	_______	_______

GALLERY DESIGN AND DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31ST MARCH 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Countrywide House, Knights Way, Shrewsbury, Shropshire, SY4 4LG.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.

Taxation

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

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

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

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	15 %	reducing balance

Stocks and Work-in-progress

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.

Construction contracts

Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Tangible assets

	Freehold property	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 1 April 2024	203,976	20,700	224,676
Additions	-	1,697	1,697
	_______	_______	_______
At 31 March 2025	203,976	22,397	226,373
	_______	_______	_______
Depreciation
At 1 April 2024	-	10,946	10,946
Charge for the year	-	1,550	1,550
	_______	_______	_______
At 31 March 2025	-	12,496	12,496
	_______	_______	_______
Carrying amount
At 31 March 2025	203,976	9,901	213,877
	_______	_______	_______
At 31 March 2024	203,976	9,754	213,730
	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	-	14,040
Other debtors	8,299	35,424
	_______	_______
	8,299	49,464
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	2,352,679	1,527,551
Trade creditors	58,106	-
Corporation tax	25,386	24,998
Social security and other taxes	2,897	1,187
Other creditors	974,561	689,748
	_______	_______
	3,413,629	2,243,484
	_______	_______

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	27,960	41,757
	_______	_______

9. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr G Leese	( 564,407)	( 290,845)	( 855,252)
		_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr G Leese	( 588,582)	24,175	( 564,407)
		_______	_______	_______